Tag Archives: oil

Canadian Dollar Down 4.8% Since July on Weaker Oil and Soft Economic Data

Canadian Dollar Down 4.8%

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 […]