Archives

By Commodity News Service Canada WINNIPEG, July 17 – The Canadian dollar moved lower on Friday, hitting nearby support levels in the process. The Canadian dollar closed at US$0.7700 or US$1=C$1.2987 on Friday, which compares with Thursday’s North American settlement of US$0.7710 or US$1=C$1.2970. The Bank of Canada’s more dovish stance on economic growth in […] Read more

By Commodity News Service Canada. Winnipeg, July 17 – The Canadian dollar was lower against its US counterpart at midday Friday, weighed down by Canadian inflation figures. The Canadian dollar was at US$0.7696 or US$1 = C$1.2947 at 11:50 CDT Friday morning. The core inflation rate rose by 2.3%, which was slightly above initial estimates […] Read more

By Commodity News Service Canada WINNIPEG, July 17 – The Canadian dollar weakened against its US counterpart Friday morning, as Statistics Canada released a report on Canada’s inflation rate. At 8:35 a.m. CDT the Canadian dollar was at US$0.7705 or C$1.2978 which compares with Thursday’s North American close of US$0.7710, or C$1.2970. The consumer price […] Read more

By Commodity News Service Canada WINNIPEG, July 16 – The Canadian dollar eased further against the US dollar on Thursday, continuing to react to Wednesday’s Bank of Canada interest rate cut. The Canadian dollar closed at US$0.7710 or US$1=C$1.2970 on Thursday, which compares with Wednesday’s North American settlement of US$0.7740 or US$1=C$1.2920. The decline was […] Read more

By Commodity News Service Canada. Winnipeg, July 16 – The Canadian dollar was slightly lower against its US counterpart at midday Thursday, as the Bank of Canada’s recent decision to cut the key interest rate continued to weigh down the loonie. The Canadian dollar was at US$0.7724 or US$1 = C$1.2947 at 11:45 CDT Thursday […] Read more

By Commodity News Service Canada WINNIPEG, July 16 – The Canadian dollar was holding steady relative to its US counterpart Thursday morning as the currency took a breather after yesterday’s sharp weakness after the Bank of Canada introduced an interest rate cut. Statistics Canada released a report on foreign holdings. At 8:40 a.m. CDT the […] Read more

By Commodity News Service Canada WINNIPEG, July 15 – The Canadian dollar ended sharply lower against the US dollar Wednesday, reacting to news that the Bank of Canada made another cut to interest rates, analysts said. The Bank of Canada set its key interest rate at 0.50 per cent, down from the previous 0.75 per […] Read more

By Commodity News Service Canada. Winnipeg, July 15 – The Canadian dollar plunged sharply against its US counterpart at midday Wednesday, as the Bank of Canada slashed its benchmark interest rate to 0.5 percent. The Canadian dollar was at US$0.7848 or US$1 = C$1.2742 at 11:45 CDT Wednesday morning. Oil and gold were both lower […] Read more

By Commodity News Service Canada WINNIPEG, July 14 – The Canadian dollar lost some ground against its US counterpart Wednesday morning ahead of an announcement from the Bank of Canada on the potential for an interest rate cut, and as Statistics Canada released a report on the country’s manufacturing sales. At 8:45 a.m. CDT the […] Read more

By Commodity News Service Canada WINNIPEG, July 14 – The Canadian dollar ended unchanged relative to the US dollar on Tuesday, as traders were being cautious ahead of Wednesday’s Bank of Canada interest rate announcement, analysts said. Some traders believe the Bank of Canada could make another interest rate cut on Wednesday, as recent data […] Read more