The Canadian dollar fell as its U.S. peer gained versus most other currencies after Federal Reserve Chairman Ben S. Bernanke said risks to the economy have decreased and policy makers could end bond purchases in the middle of next year.
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections.
TORONTO�The Canadian dollar lost some ground against the U.S. dollar Tuesday as currency markets consolidate ahead of a key Federal Reserve meeting announcement.
TORONTO--The Canadian dollar erased gains made against the U.S. dollar Monday after reports suggested that Federal Reserve Chairman Ben Bernanke is likely to soon signal that an improving U.S.
TORONTO--The Canadian dollar retraced some of its losses Tuesday after a soft reading of U.S. consumer prices failed to ignite a spark in the commodity-currency bloc.
The Canadian dollar rose against the majority of its most traded peers as new-home construction increased at the fastest pace in more than a year in May, adding to evidence the housing market is regaining momentum.
The Canadian dollar declined after the Federal Reserve said risks to the economy have decreased even as it announced it would keep buying bonds at a pace of $85 billion a month.
The Canadian dollar rose to the strongest level in a month against its U.S. peer as investors bet a strengthening economy will convince the Bank of Canada to raise its benchmark interest rate.
TORONTO - The Canadian dollar closed lower Monday as traders looked for clarity on whether the U.S. Federal Reserve thinks economic conditions are favourable enough to start easing up on some stimulus.
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