In early European deals on Thursday, the Canadian dollar advanced against its U.S., European and Japanese counterparts. As of now, the loonie is worth 0.9893 against the greenback, 1.2984 against the euro and 82.47 against the yen, compared to Wednesday's close of 0.9916, 1.3012 and 81.99, respectively. If the loonie gains further, it may likely target 0.986 against the greenback, 1.294 against the euro and 83.0 against the yen.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.