Canadian Dollar Soars After Investors Cheer Justin Trudeau Resignation
The Canadian dollar soared to kick off the trading week as investors cheered on Prime Minister Justin Trudeau announcing he was stepping down. The loonie…
Posts Tagged: Justin Trudeau
Canadian Dollar, Mexican Peso Plunge After Trump Announces Tariffs in Monday Night Truth Social Posts
The Canadian dollar weakened against its US counterpart after President-elect Donald Trump announced tariffs on Canadian, Mexican, and Chinese imports. The surprise announcement on social…
USD/CAD Falls As Investors Weigh Trudeau Minority Government
The Canadian dollar is slumping against its US counterpart on Tuesday as financial markets weigh the fallout of the federal election. Housing data is also…
Canadian Dollar Slumps As BoC Envisions Recovery by 2022, Leaves Rates on Hold
The Canadian dollar is slumping against many of its currency peers in the middle of the trading week, with the Bank of Canada’s (BoC) October…
Canadian Dollar Slips As Consumer Inflation Pops, Retail Sales Disappoint
The Canadian dollar erased its gains against its currency counterparts midweek as consumer inflation came in higher than expected and retail sales fell short of…
Canadian Dollar Weakens Despite Crude Oil Rally
The Canadian dollar is slumping against its G10 currency competitors at the end of the trading week, despite loonie-positive developments. A rise in crude oil…
USD/CAD Seesaws As Canada Loses 1.011 Million Jobs in March Amid Pandemic
The Canadian dollar is struggling to find direction against the US dollar to close out the trading week. Canadian investors are grappling with the March…