Partner Center Find a Broker

Counter currency weakness and oil moves are once again the main drivers for the Loonie, but late week positive Canadian economic updates help lift CAD to a strong finish.

Overlay of CAD Pairs: 1-Hour Forex Chart
Overlay of CAD Pairs: 1-Hour Forex Chart

Canadian Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart
Overlay of CAD Pairs & Oil (Black Line): 1-Hour Forex Chart

Weak oil is most likely the catalysts for the mid-week pullback in Loonie pairs as both oil and CAD fall together and despite positive labor update.

Thursday:

Friday: