News

Canadian Dollar Sees Modest Gains Despite Contraction in Services Sector

The Canadian Dollar posted limited gains as economic data showed a contraction in the country’s services sector, highlighting mixed signals in the broader outlook. While the currency managed to edge higher against some counterparts, the upward movement remained restrained as investors weighed concerns about slowing domestic activity alongside external market influences. Recent data indicated that […]

Business & Markets

Canadian dollar slips to two month low as oil prices weaken amid Middle East ceasefire hopes

The Canadian dollar dropped to its lowest level in two months against the US dollar as falling oil prices and concerns over domestic economic momentum weighed on investor sentiment. The currency weakened by around 0.3 percent during trading, reaching 1.3809 per US dollar, marking its weakest point since late January. The move reflects a shift […]

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