The Canadian dollar continued to creep higher against the currencies of the U.S. and Europe in early New York trading on Tuesday.
The loonie advanced to an 8-day high of 1.0613 against the US dollar and rose back above the key 1.46 level against the euro at the beginning of the session.
If the Canadian currency extends its advance, next likely resistance levels are seen at 1.06 against the greenback and 1.4590 against the euro.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.