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Tag: Canada's dollar

Canada’s Dollar Rises From Six-Week Low as Crude Oil Advances

By Chris Fournier
Jan. 21 (Bloomberg) — Canada’s dollar rose from a six-week low against its U.S. counterpart as an advance in crude oil prices increased the currency’s appeal.

Canadian Dollar Posts Biggest Annual Drop on Oil Decline

By Cordell Eddings
Dec. 31 (Bloomberg) — Canada’s dollar posted its biggest annual decline on record as crude oil plunged and investors sought refuge in the U.S. currency from the deepening global recession. Government bonds rallied in 2008.

Canada’s Currency Climbs for Second Day as U.S. Dollar Drops

By Chris Fournier
Dec. 24 (Bloomberg) — Canada’s dollar rose for a second day after the U.S. greenback declined against most major currencies as investors balanced their accounts at year-end.

Canada’s Dollar Drops for Third Day as Crude Oil Declines

By Michael J. Moore
Dec. 22 (Bloomberg) — Canada’s dollar fell for a third straight day as a drop in crude oil prices made the currency less attractive to investors.
Crude oil, which accounted for 10 percent of Canada’s exports last year, declined on concern the global recession will curb demand faster than the Organization of Petroleum [...]

Canada’s Dollar Climbs as Crude Oil Rises, Global Stocks Gain

By Chris Fournier
Dec. 10 (Bloomberg) — Canada’s dollar rose against its U.S. counterpart as crude oil advanced and global stocks gained, increasing the currency’s appeal.

Canada’s Dollar Gains as U.S. Currency Loses Haven Appeal

By Chris Fournier
Dec. 8 (Bloomberg) — Canada’s dollar rose the most in two weeks as President-elect Barack Obama’s pledge to spend the most on infrastructure since the 1950s reduced the U.S. currency’s haven appeal.