Previous Close | 0.7437 |
Open | 0.7439 |
Bid | 0.7459 |
Day's Range | 0.7436 - 0.7464 |
52 Week Range | 0.7158 - 0.8064 |
Ask | 0.7459 |
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. The Canadian dollar recently rose to its highest level in more than two months against the U.S. dollar, which gained strength Friday after a stronger-than-expected jobs report. However, analysts are predicting some further weakness in the U.S. dollar in 2023. CIBC, in a Jan. 23 report, said the currency will likel
It’s all happening for investors and traders this week, with a plethora of significant news releases out around the world.
The Canadian dollar weakened in early January in response to an increasingly gloomy economic outlook. ...