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By Commodity News Service Canada Winnipeg, May 29, – The Canadian dollar was weaker against its US counterpart at midday Friday, as disappointing first-quarter gross domestic product data weighed down the loonie. The loonie was at US$0.8021 or US$1 = C$1.2467 at 11:45 CDT Friday morning. Canada’s gross domestic product fell by 0.6% on an […] Read more

By Commodity News Service Canada Winnipeg, May 29 – The Canadian dollar was lower against its American counterpart Friday morning, after reports came out indicating Canada’s economy had shrunk during the first quarter of the year. The contraction was blamed on the slump in oil prices. At 8:55 CDT Friday morning, the loonie was down […] Read more

By Commodity News Service Canada WINNIPEG, May 28 – The Canadian dollar closed slightly higher against the US dollar on Thursday, recovering from early sharp losses seen earlier in the day. The Canadian dollar closed at US$0.8042 or US$1=C$1.2435 on Thursday, which compares with Wednesday’s North American settlement of US$0.8026 or US$1=C$1.2459. Sentiment that recent […] Read more

By Commodity News Service Canada WINNIPEG, May 28 – The Canadian dollar was weaker at midday Thursday, but was off the lows hit earlier in the session as psychological support held to the downside. At 11:49 CDT, the Canadian dollar was trading at US$0.8019 or US$1=C$1.2470 which compares with Wednesday’s close of US$0.8026 or US$=C$1.2459. […] Read more

By Commodity News Service Canada WINNIPEG, May 28 The Canadian dollar was weaker relative to the US dollar Thursday morning, falling below the psychological 80 cents US level. Weakness in crude oil values spilled over to weigh on the Canadian dollar, according to analysts. At 8:51 CDT Thursday, the Canadian dollar was at US$0.7985 or […] Read more

Canadian forex review: C$ closes weaker By Commodity News Service Canada WINNIPEG, May 27 – The Canadian dollar closed weaker against the US dollar, after the Bank of Canada left interest rates unchanged on Wednesday, as expected. While economic growth is still in line with previous forecasts in Canada, recent strength in the Canadian dollar […] Read more

By Commodity News Service Canada WINNIPEG, May 27 – The Canadian dollar was weaker at midday Wednesday, hitting its weakest levels in a month as the currency market reacted to the latest interest rate announcement from the Bank of Canada. At 11:45 CDT, the Canadian dollar was trading at US$0.8011 or US$1=C$1.2483 which compares with […] Read more

By Commodity News Service Canada WINNIPEG, May 27 The Canadian dollar was down slightly relative to the US dollar Wednesday morning, undermined by continued weakness in crude oil values, analysts said. At 8:46 CDT Wednesday, the Canadian dollar was at US$0.8033 or US$=C$1.2449, which compares with Tuesday’s North American close of US$0.8046 or US$1=C$1.2427. General […] Read more

By Commodity News Service Canada WINNIPEG, May 26 – The Canadian dollar closed sharply lower against the US dollar Tuesday, following the declines seen in crude oil values, analysts said. The Canadian dollar closed at US$0.8046 or US$1=C$1.2427 on Tuesday, which compares with Monday’s North American settlement of US$0.8121 or US$1=C$1.2313. Broad strength in the […] Read more

By Commodity News Service Canada Winnipeg, May 25 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as a firmer US dollar and receding oil prices weighed down the loonie. The loonie was at US$0.8046 or US$1 = C$1.2428 at 11:50 CDT Tuesday morning. Many traders are on the sidelines, waiting […] Read more