Tags : energy price

Canadian Dollar Retreats on Declining Energy Prices

The Canadian dollar declined against its US counterpart on Wednesday, as tumbling energy prices outweighed stronger than forecast growth in Canadian wholesale sales. The loonie tumbled to 0.8036 US after climbing to a daily high of 0.8089 US on Tuesday. The USDCAD exchange rate advanced 0.6 percent to 1.2445 and is testing initial resistance at […]Read More

USD/CAD Loses NFP-Inspired Rally amid Higher Energy Prices

The North American currency pair back was on its heels Monday, as rebounding energy prices and better than expected Canadian housing starts supported the Canadian dollar. The USD/CAD declined more than half a percent to 1.2454. Initial support is likely found at 1.2417 and resistance at 1.2589. The pair rebounded on Friday after the United […]Read More