The Canadian dollar strengthened to its highest level in nearly two weeks following news of a ceasefire agreement between the United States and Iran. The development improved global investor sentiment, leading to gains in equity markets and a sharp decline in oil prices. Loonie Gains Momentum in Global Markets On Wednesday, the Canadian dollar—often referred … Read more
Canada’s services sector experienced another downturn in March, marking the fifth consecutive month of contraction. According to data from S&P Global, the decline is largely driven by global uncertainty, particularly linked to tensions in the Middle East, which have delayed client decision-making and reduced new business activity. The Business Activity Index rose slightly to 47.2 … Read more
The Canadian dollar posted a slight increase against the U.S. dollar, supported by rising oil prices but limited by weaker domestic economic data. On the trading day, the currency strengthened by 0.1%, reaching approximately 1.3900 per U.S. dollar, or about 71.94 U.S. cents. During the session, the loonie fluctuated within a narrow range of 1.3892 … Read more