us to canadian currency trend

Canadian Dollar Lifted by Rising Stock Market

Unexpectedly strong quarterly reports from Canadian banks and a rally in energy prices boosted the Canadian dollar on Thursday.The U.S. dollar fell 0.0068 to 1.2503 (79.98 cents USD) on the session.The loonie, as the currency is nicknamed, has been trading close to 1.25 since mid-January. Adam Fazio, currency strategist at CIBC World Markets, doesn't see a catalyst for a powerful move in the currency pair.You're going to continue to be range bound for awhile, he said.In the

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Canadian Dollar Shrugs Off Stronger-than-Expected CPI Data

Rising inflation in Canada is not providing much support for the Canadian dollar as broader issues dominate currency markets.The Canadian dollar continues to benefit from broad U.S. dollar weakness following Wednesday's FOMC meeting. Following the meeting, the Fed announced that it would expand its balance sheet by almost $1.2 trillion, which includes purchasing $300 billion in longer-term U.S. Treasuries. Domestic data is taking a back seat Thursday morning despite a stronger-than-expected February CPI report. The Bank of

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