Fergal Smith

The Canadian dollar weakened against its U.S. counterpart on Friday and was set to extend a streak of weekly declines as investors weighed multiple headwinds for the commodity-linked currency, including a faltering Chinese economy.

The headline business activity index fell to 48.2 from 51.2 in November, moving below the 50.0 no-change mark for the first time since September

The Canadian dollar rose to a near three-week high against its U.S. counterpart on Monday, as investors weighed the potential for Canada's economy to escape broad-based U.S. tariffs and a report that Canadian Prime Minister Justin Trudeau would resign.

Greater Toronto Area home sales tumbled to a five-month low in December, rounding out a subdued 2024 for the market as historically elevated borrowing costs kept sales in check for much of the year, data released on Tuesday showed.

The Canadian dollar edged lower against its U.S. counterpart on Tuesday as American economic data supported bets for a slower pace of interest rate cuts by the Federal Reserve, but the currency kept hold of much of the previous day's gains. The loonie was trading 0.1% lower at 1.4350 per U.S. dollar, or 69.69 U.S. cents, after moving in a range of 1.4298 to 1.4365. On Monday, the currency touched nearly a three-week high at 1.4280 as a report cast doubt on the severity of expected U.S. trade tariffs and Canadian Prime Minister Justin Trudeau announced his plans to resign.

The Canadian dollar is set to recoup only a small part of its recent losses in the coming year as expected U.S. trade tariffs cloud the economic outlook, offsetting investor optimism around a likely change in government, a Reuters poll found.

Fergal Smith 2 min read By Fergal Smith TORONTO (Reuters) - The Canadian dollar is set to recoup only a small part of its

The Canadian dollar is set to recoup only a small part of its recent losses in the coming year as expected U.S. trade tariffs cloud the economic

The Canadian dollar weakened against its U.S. counterpart on Thursday and bond yields eased, as investors braced for expected U.S. trade tariffs and the Bank of Canada said it would end its quantitative tightening program in the coming months.