The Canadian dollar has not exactly been having a good year against its American counterpart. From the start of 2024 through to October 9, the Canadian dollar lost 3.36% of its value compared to the U.S. dollar. The Canadian dollar, which is trading at 1.371 per U.S. dollar, or $0.7293 U.S. cents, has weakened by […]
Tag Archives: Canadian dollar
16
Apr
Apr
Over the last two years, the Bank of Canada and the U.S. Federal Reserve have taken drastic steps to cool inflation. While unprecedented interest rate hikes have taken a toll on the Canadian economy, the U.S. economy is booming. We can see this playing out with the divergence between the Canadian dollar and the U.S. […]
16
Nov
Nov
The Canadian dollar has reversed the gains it made against the U.S. dollar in the first half of the year. The Canadian dollar performed well in the opening quarters of 2023, climbing 3.6% against the U.S. dollar. The loonie was actually the best performing major G-10 currency in June after rising 2.4%. That momentum carried […]
