USD/CAD faces downward pressure on risk-on global sentiment.

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26 May, 2022 / 22:00

The Canadian dollar strengthened against its U.S. counterpart on Thursday as a jump in oil prices and improvement in risk appetite offset domestic data showing that retail sales growth stalled in March. The loonie was up 0.3% at 1.2775 to the greenback, or 78.28 U.S. cents, moving toward the stronger end of its range over the last week or so, which has been between 1.2762 and 1.2895. "Higher oil prices are helping lift the loonie today," said Erik Nelson, a currency strategist at Wells Fargo in New York.

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26 May, 2022 / 19:22

USD/CAD rises amid more aggressive Fed rate hikes.

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25 May, 2022 / 22:00

The Canadian dollar edged higher against its U.S. counterpart on Wednesday, recovering from its lowest level in nearly a week, as equity markets rallied after the U.S. Federal Reserve released minutes of its latest policy meeting. "The bulk of the Canadian dollar rally has come from the equity market reaction post-FOMC minutes," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. Wall Street rose after the Fed minutes showed policymakers were unanimous in their sentiment that the U.S. economy was very strong as they grappled with how to rein in inflation without triggering a recession.

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25 May, 2022 / 14:26

USD/CAD falls as yields rise.

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23 May, 2022 / 22:00

USD/CAD holds steady despite improving global market conditions.

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20 May, 2022 / 22:00

The Canadian dollar edged lower against its U.S. counterpart on Friday, pulling back from an earlier two-week high, as volatility in global equity markets bolstered demand for the safe-haven greenback. "What we are seeing in all of the volatility in markets in recent days is that there is this safe-haven bid for the U.S. dollar," said Royce Mendes, director & head of macro strategy at Desjardins. "The Canadian dollar seems to be detached from oil prices," Mendes said.

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20 May, 2022 / 13:25

USD/CAD falls on weaker dollar and softer yields.

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19 May, 2022 / 22:00

USD/CAD pulls back as yields rise.

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13 May, 2022 / 22:00

The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and Wall Street clawed back some recent losses, but the currency was on course to extend a string of weekly declines. U.S. stock indexes rose at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth. The price of oil, one of Canada's major exports, rose as the prospect of a European Union ban on Russian oil offset worries about faltering global demand.

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13 May, 2022 / 14:16