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 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.

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.

Canada is shifting its focus away from a retail ... decide they want or need a digital Canadian dollar." Canada's latest position comes as the debate over CBDC's became ... At the end of 2023, ...

Canada was ranked tenth in terms of GDP (measured in U.S. dollars) in 2023. It has enjoyed relatively strong growth, with three relatively brief periods of recession in the early 1990s, 2009, and ...

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 ...