Sign into FXTrade

Don't have an account? Register now

Loonie Weaker on Faltering Oil Prices

The Canadian dollar – known as the “loonie” – lost ground to the US dollar today as oil prices fell as investors wait for key economic news from the US. The loonie fell 0.2 percent to C$1.0577 per U.S. dollar at 8:07 a.m. in Toronto, from C$1.0556 yesterday. One Canadian dollar buys 94.56 U.S. cents.

“This looks like a general market move, and crude is volatile,” said Bank of Nova Scotia’s Sacha Tihanyi, whose firm is Canada’s third-largest lender. “We await U.S. GDP to see if we get some Canadian dollar support off of it, if it’s positive.”

Recent Articles

Posted by Dean Popplewell at 5:58 am EDT, 03/19/2010
Posted by Scott Boyd at 9:07 am EDT, 03/18/2010
Posted by Scott Boyd at 8:59 am EDT, 03/18/2010

Forex Insights »

Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 8:40 am EDT, 03/18/2010
Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 8:31 am EDT, 03/18/2010
Leave a Comment

Latest Articles

Posted by Dean Popplewell at 5:58 am EDT, 03/19/2010
Posted by Scott Boyd at 9:07 am EDT, 03/18/2010
Posted by Scott Boyd at 8:59 am EDT, 03/18/2010
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

March
19
Today’s Global
Market Events
7:00 am

CAD
Core CPI m/m
0.3% vs. 0.1%
CAD
CPI m/m
0.4% vs. 0.3%
8:30 am

CAD
Core Retail Sales m/m
0.5% vs. 0.4%
CAD
Retail Sales m/m
0.6% vs. 0.4%