Canada is a major producer of commodities, including oil. Another potential tailwind for the loonie would be the end of the U.S. dollar's dominant performance in global currency markets since 2021.

The outlook for loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and if major recession occurs, experts said.

The Bank of Canada has signalled that it will pause interest rate increases as the central bank evaluates their impact on the economy. According to the median forecast of more than 30 currency ...

The outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession, experts said.

The Canadian dollar on Friday weakened by the most in one month against its U.S. counterpart as investors slashed bets on another Bank of Canada interest rate hike after data ... 2023 6:58 PM UTC ...

The Invesco CurrencyShares Canadian Dollar Trust short-term trend since the ... a sustained rally over the $0.80 level against the U.S. dollar. Canada and the U.S. are a political mess in 2023.

“Our forecast for a weaker (U.S.) dollar in 2023 against major currencies, as the Fed switches gears and telegraphs an end to its tightening cycle, and a better growth outlook in Canada should bolster ...

Canada got over $13.3 billion of investor orders for its largest transaction in the US currency on record, according to a person with knowledge of the matter, as the inversion in the Treasury ...

The dollar index bounced 0.6% to 108.65, having shed 1.2% overnight in what had been the sharpest daily loss since late 2023. The euro fell back to $1.0364, from an early top of $1.0434.

TORONTO — Canada’s dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes for the domestic and global economies following aggressive tightening by ...