Andrea's Feed
Sep 7, 2011

C$ firmer; Bank of Canada less dovish than feared

TORONTO, Sept 7 (Reuters) – The Canadian dollar
strengthened on Wednesday after the Bank of Canada warned of a
worsening global economic picture but was not as dovish about
interest rates as traders had expected.

In a policy shift, Canada’s central bank said there was
less need to raise interest rates because of slowing global
economic momentum, but policymakers also said Canadian growth
would resume in the second half of the year, with very
stimulative credit conditions a factor. [ID:nN1E786055]

Sep 2, 2011

C$ hits one-week low on dismal U.S. jobs data

TORONTO, Sept 2 (Reuters) – The Canadian dollar hit a
one-week low on Friday after the U.S. jobs report for August
came in far weaker than expected, reigniting fears about a
global growth slowdown and sending investors to safe-haven
assets.

The U.S. dollar also weakened against key currencies such
as the yen and Swiss franc [FRX] after news that U.S. employers
hired no new workers last month, against expectations for a
75,000 increase in payrolls. That sent government bond prices
higher and pushed stock markets into a global slump.
[MKTS/GLOB]

Sep 2, 2011

C$ touches one-week low on U.S. jobs data

TORONTO, Sept 2 (Reuters) – The Canadian dollar sank to a
one-week low against the greenback on Thursday morning after
the U.S. jobs report for August came in far weaker than
expected, reigniting fears about a global growth slowdown and
sending investors to safe-haven assets.

The U.S. dollar also weakened against key currencies such
as the yen and Swiss franc [FRX] after news that U.S. employers
hired no new workers last month, against expectations for a
75,000 increase in payrolls. That sent government bond prices
higher and pushed stock markets into a global slump.
[MKTS/GLOB]

Sep 2, 2011

C$ weakens, bonds rally on grim US jobs data

TORONTO, Sept 2 (Reuters) – The Canadian dollar weakened on
Thursday after the U.S. jobs report came in far weaker than
expected, reigniting fears about a global growth slowdown and
sending investors to safe-haven assets.

News that U.S. employers hired no new workers last month,
against expectations for a 75,000 increase in payrolls also
sent government bonds prices higher and pushed stock markets
into a global slump. [MKTS/GLOB]

Sep 1, 2011

C$ ends firmer ahead of U.S. data; bonds rise

TORONTO, Sept 1 (Reuters) – The Canadian dollar ended the
day slightly firmer against the U.S. dollar in quiet trade on
Thursday, even as concerns about global growth weighed on
markets and investors awaited key U.S. jobs data due out
Friday.

“Canada is closing a little bit stronger but we haven’t had
a very big move here,” said Matt Perrier, director of foreign
exchange sales at BMO Capital Markets.

Aug 8, 2011

C$ slides to weakest since March, parity in sight

TORONTO, Aug 8 (Reuters) – Canada’s dollar dropped more
than a cent to a near five-month low against the U.S. currency
on Monday, on rising fears of a U.S. recession exacerbated by
the United States’ loss of its triple-A credit rating.

The currency was caught up in a wave of selling that saw
U.S. stocks plunge more than 6 percent as investors fled to the
safety of gold and bonds. [MKTS/GLOB]

Aug 8, 2011

C$ falls more than a penny to weakest since March

TORONTO, Aug 8 (Reuters) – Canada’s dollar weakened to a
near five-month low against the U.S. currency on Monday,
approaching parity, as global fear about a possible double-dip
U.S. recession and European and U.S. debt crises weighed.

The euro also fell against the dollar, down more than 1
percent, while the yen gained broadly as investors sought
Japan’s safe-haven currency given tumbling global stocks.
[FRX/]

Aug 5, 2011

C$ closes higher after touching 5-week low

TORONTO, Aug 5 (Reuters) – Canada’s dollar closed stronger
against the greenback on Friday after earlier touching a
five-week low, as a modest recovery in stock markets helped
offset widespread anxiety about the global economy.

The U.S. dollar fell broadly, reversing some of the
previous day’s sharp gains, also because of a partial recovery
in Wall Street stocks. [FRX/]

Aug 5, 2011

See-sawing C$ pulls back from 5-week low

TORONTO, Aug 5 (Reuters) – Canada’s dollar recouped early
losses to trade little changed against the greenback on Friday
after touching a five-week low, as a modest recovery in stock
markets helped offset broad anxiety about the global economy.

The U.S. dollar fell broadly, reversing some of the
previous day’s sharp gains, also because of a partial recovery
in Wall Street stocks. [FRX/]

Aug 5, 2011

C$ hits 5-week low as growth fears roil markets

TORONTO, Aug 5 (Reuters) – Canada’s dollar weakened to a
five-week low against the U.S. currency on Friday, as solid
U.S. job growth failed to offset fears about a possible U.S.
downgrade and broad anxiety about the global economy.

Stonger-than-expected U.S. employment data and a mixed
Canadian jobs report initially reassured investors that the
U.S. economy was not falling back into recession. But sober
second thoughts about economic weakness and ongoing speculation
that U.S. sovereign debt may be downgraded spooked markets.
[ID:nN1E7740O8]