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1. • The Federal Reserve's larger-than-usual interest rate cut

     • The commodity-linked Canadian dollar strengthened to nearly a two-week high against its U.S. counterpart on Thursday as the Federal Reserve's larger-than-usual interest rate cut improved the outlook for the global economy.
     ca.finance.yahoo.com/news/canada-fx-debt-canadian-dollar-130609584.html

     C$ posts 13-day high as Fed rate cut boosts global outlook

2. People also ask

   Why did the Canadian dollar gain a lot against the US dollar?

   • TORONTO, Dec 21 (Reuters) - The Canadian dollar extended recent gains against the U.S. dollar on Thursday as Wall Street rallied, with the move raising pressure on speculators that have built large short positions in the currency. The loonie was trading 0.6% higher at 1.3287 to the greenback, or 75.26 U.S. cents, its strongest level since Aug. 2.

   Canadian dollar climbs to near 5-month high as stocks rebound

   www.reuters.com/markets/currencies/canadian-dollar-climbs-near-5-month-high-stocks-rebound-2023-12-21/

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   Why did the Canadian dollar hit its highest level in 4 years?

   • (Shannon VanRaes/Bloomberg) The Canadian dollar hit its highest level in almost four years on Thursday, buoyed by high commodity prices. The loonie was changing hands at 82.26 cents US when stock markets closed on Thursday, its highest close since September 2017. Two broad trends are combining to push the loonie higher.

   Canadian dollar tops 82 cents for 1st time since 2017

   www.cbc.ca/news/business/canadian-dollar-1.6016725

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   Is the Canadian dollar going down?

   • Doug Porter, chief economist at BMO, said in a brief note to clients Tuesday morning that “the Canadian dollar is probing levels it hasn’t seen much in the past 20 years.” He noted that the loonie’s value has dropped 1.5 per cent since the Bank of Canada’s rate cuts began in early June.

   The loonie is faltering. Here’s why the U.S. Fed might provide a lift

   globalnews.ca/news/10652384/canadian-dollar-us-exchange-rate-federal-reserve/

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   Why is the Canadian dollar weak?

   • The Bank of Canada’s easing policy rate, as well as a marked change in tone that suggests monetary policymakers are eyeing more cuts in the months ahead, is likely a big reason for the dollar’s weakness. Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

   The loonie is faltering. Here’s why the U.S. Fed might provide a lift

   globalnews.ca/news/10652384/canadian-dollar-us-exchange-rate-federal-reserve/

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   What is the consensus Canadian dollar forecast?

   • The Consensus Canadian Dollar Forecast predicts short & long term fluctuations of USD & CAD. Get updated information & news daily on exchange rates!

   Canadian Dollar Forecast & Predictions - Outlook Daily Updates

   www.interchangefinancial.com/canadian-dollar-forecast/

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   Why is the Canadian dollar underperforming?

   • "I would say Canadian dollar underperformance over the last week was largely attributed to the steep drop in oil prices and the strong move in the U.S. dollar overall," said Rahim Madhavji, president at Knightsbridge Foreign Exchange. "Today, we are seeing a little bit of a reversal ... It feels like the Canadian dollar was largely oversold."

   Canada dollar rebounds from 'oversold' levels as exports climb

   www.reuters.com/markets/currencies/canada-dollar-rebounds-oversold-levels-exports-climb-2023-10-05/

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3. www.cbc.ca › news › businessCanadian dollar tops 82 cents for 1st time since 2017

   www.cbc.ca › news › business

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   May 6, 2021 · The Canadian dollar hit its highest level in almost four years on Thursday, buoyed by high commodity prices. The loonie was changing hands at 82.26 cents US when stock markets closed on...

4. www.reuters.com › markets › currenciesCanadian dollar climbs to near 5-month high as stocks rebound

   www.reuters.com › markets › currencies

   Dec 21, 2023 · TORONTO, Dec 21 (Reuters) - The Canadian dollar extended recent gains against the U.S. dollar on Thursday as Wall Street rallied, with the move raising pressure on speculators that have...

5. ca.finance.yahoo.com › news › canada-fx-debtC$ posts 13-day high as Fed rate cut boosts global outlook

   ca.finance.yahoo.com › news › canada-fx-debt

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   Sep 19, 2024 · The commodity-linked Canadian dollar strengthened to nearly a two-week high against its U.S. counterpart on Thursday as the Federal Reserve's larger-than-usual interest rate cut improved the...

6. www.interchangefinancial.com › canadian-dollarCanadian Dollar Forecast & Predictions - Outlook Daily Updates

   www.interchangefinancial.com › canadian-dollar

   • Cached

   4 days ago · The Consensus Canadian Dollar Forecast predicts short & long term fluctuations of USD & CAD. Get updated information & news daily on exchange rates!

7. financialpost.com › news › canadian-dollar-rallyCanadian dollar defies Bank of Canada rate cuts - Financial Post

   financialpost.com › news › canadian-dollar-rally

   Sep 3, 2024 · The Canadian dollar is fresh off its best monthly gain this year despite two interest rate cuts from the Bank of Canada. Keep reading here.

8. globalnews.ca › news › 10652384The loonie is faltering. Here’s why the U.S. Fed might ...

   globalnews.ca › news › 10652384

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   Jul 30, 2024 · Canada’s dollar is trading at a little over 72 cents compared with the U.S. greenback as of Tuesday. That’s roughly half a cent lower than it stood a week earlier, just ahead of the Bank of ...

9. www.reuters.com › markets › currenciesCanada dollar rebounds from 'oversold' levels as exports climb

   www.reuters.com › markets › currencies

   Oct 5, 2023 · The Canadian dollar strengthened against its U.S. counterpart on Thursday, rebounding from an earlier six-month low, as bond yields steadied for a second day and data showed Canada's trade...