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Canadian Dollar Loses Ground as Equities Fall

The Canadian dollar saw some brief strength overnight, but a drop in equity markets is dragging the loonie lower.Broader U.S. dollar weakness helped the Canadian dollar make modest gains overnight.USD/CAD then spiked lower in what currency strategists said was a relief rally following an in line U.S. nonfarm payrolls report. The cross hit a session low at 1.2766 CAD following the report. However, strategists are not expecting the relief rally to last. U.S. equity markets already are

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Grim News Causes Canadian Dollar to Lag Against Greenback

The Canadian dollar is one of the laggards on Monday following a weekend of disappointing news. OPEC's decision not to cut production, a grim outlook from the Bank of Canada and weaker-than-expected data are some of the reasons behind the loonie's weakness.The Canadian dollar is the second worst performer against the U.S. dollar among the G10 nation currencies. The only currency that is weaker than the loonie is the Japanese yen. It has been a relatively volatile session

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USD/CAD Unable to Break Through Psychological Barrier

The U.S. dollar has been unable to break through key resistance levels against the Canadian dollar despite a weaker Canadian economic outlook.The Canadian dollar has been under significant pressure since the Bank of Canada cut interest rates by 50 basis points on Tuesday. The loonie lost more than a full cent on the initial reaction to the cut and the bank's accompanying statement.Currency strategists said the BOC released a very grim report, which helped to facilitate the

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Loonie Remains Vulnerable as Fear Grows

The Canadian dollar is trading at near three-month lows against the U.S. dollar as risk aversion continues to grip currency markets.Rising negative sentiment is helping to support broad gains in the U.S. dollar against the loonie. USD/CAD continues to move higher, with currency strategists eyeing the 1.30 CAD marker. At the moment the cross is trading at $1.29 CAD. The negative sentiment started overnight when the U.S. Treasury released a statement saying it would increase its stake

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Canadian Dollar Down on Oil, Autos and Carney Speech

The Canadian dollar is the weakest performing major currency on Wednesday as concerns mount about the auto sector and as commodity prices slide.The U.S. dollar is generally weaker but is making modest gains against the loonie. USD/CAD was most recently higher by 0.0060 to 1.2660 (79 cents CAD).Month or quarter end flows and weaker oil could be blamed as a culprit, but are somewhat insufficient explanations. It is likely that Canadian dollar sentiment is being hurt by

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Canadian Dollar Loses Ground as Equities Fall

The Canadian dollar saw some brief strength overnight, but a drop in equity markets is dragging the loonie lower.Broader U.S. dollar weakness helped the Canadian dollar make modest gains overnight.USD/CAD then spiked lower in what currency strategists said was a relief rally following an in line U.S. nonfarm payrolls report. The cross hit a session low at 1.2766 CAD following the report. However, strategists are not expecting the relief rally to last. U.S. equity markets already are

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Gloomy Sentiment Drags Down Canadian Dollar Against USD

Negative market sentiment is the dominant theme dragging down the Canadian dollar against the USD Tuesday morning.It's been a volatile day for USD/CAD and although the Canadian dollar is under pressure, it is still one of the best performers on the day against the greenback. The Asian session started off strong for the U.S. dollar as it marched higher against the loonie. The cross fell back in the European session, hitting its daily lows at 1.2383 CAD.USD/CAD

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Grim News Causes Canadian Dollar to Lag Against Greenback

The Canadian dollar is one of the laggards on Monday following a weekend of disappointing news. OPEC's decision not to cut production, a grim outlook from the Bank of Canada and weaker-than-expected data are some of the reasons behind the loonie's weakness.The Canadian dollar is the second worst performer against the U.S. dollar among the G10 nation currencies. The only currency that is weaker than the loonie is the Japanese yen. It has been a relatively volatile session

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Canadian Dollar / Singapore Dollar converter (CANADA / SINGAPORE)

Canadian Dollar / Singapore Dollar converter (CAD / SGD) will convert the currency of CANADA in currency of SINGAPORE with the actual exchange rate.

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USD Mixed on Easter Monday

The U.S. dollar is mixed on Easter Monday with many of the globe's stock markets closed for the holiday.According to an article in the New York Times, the U.S. government is urging General Motors to prepare a bankruptcy filing for June 1 if the automaker cannot reach an agreement with the UAW and bondholders on how to restructure its debt.On the equity side, Hong Kong, Australia, Germany, and the UK are closed for Easter Monday, and S&P

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