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CAD review: Western Union

Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28. Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oi…

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EconoTimes — Reading the Times. Understanding the Future.

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  • Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28. 

  • Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oil tipped back below $46 early Monday, a loss of more than 1 percent on the day. 

  • With little Canadian data due this week, look for oil and movements in the U.S. dollar to help drive the loonie.

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