The Canadian Dollar (CAD) kicked off the new trading week with another loss against the US Dollar, falling another quarter of a percent against the Greenback.
The Canadian Dollar shed another quarter percent against the Greenback. Canada kicked off a new trading week with an extended holiday. Canadian CPI inflation figures due on Tuesday, BoC rate call looms over the horizon. The Canadian Dollar kicked off the new trading week with another loss against the US Dollar, falling another quarter of a percent against the Greenback.
USD/CAD daily chart Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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