USD/CAD (CAD=X)
| Previous Close | 1.3485 |
| Open | 1.3486 |
| Bid | 1.3577 |
| Day's Range | 1.3413 - 1.3585 |
| 52 Week Range | 1.3091 - 1.3970 |
| Ask | 1.3578 |
ReutersCanadian dollar extends quarterly decline as economy stalls
The Canadian dollar weakened to a two-week low against its U.S. counterpart on Friday, adding to its quarterly decline, as domestic GDP data supported the view that the Bank of Canada is finished hiking interest rates. "Part of this (move on Friday) was driven by month-end flows so far and also the weak GDP print," said Bipan Rai, global head of FX strategy at CIBC Capital Markets. The data suggests "that the Bank of Canada is likely at its terminal rate and that the prior rate hikes are doing their job and working towards slowing activity."
ReutersCanadian dollar steadies amid short-covering rally in G10 FX
The Canadian dollar was little changed against its U.S. counterpart on Thursday as investors took stock of recent market moves ahead of a possible U.S. government shutdown, with the currency steadying a day after hitting a two-week low. Canadian government bond yields were lower across the curve, tracking moves in U.S. Treasuries.
ReutersCanadian dollar recovers from 2-week low as oil rallies
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as a jump in oil prices offset recent weakness in equity markets, with the currency recovering from its lowest level in nearly two weeks. The currency has seesawed "as the positive influence of rising oil prices competes with the negative influence of falling stock prices," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. The price of oil, one of Canada's major exports, settled 3.6% higher at $93.68 a barrel after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
