Archives

By Commodity News Service Canada WINNIPEG, Jan. 23 – The Canadian dollar continued to weaken against the US dollar on Friday, hitting a fresh six-year low, analysts said. The Canadian dollar closed at US$0.8049 or US$1=C$1.2424 on Friday, which compares with Thursday’s North American settlement of US$0.8062 or US$1=C$1.2404. Disappointing Canadian Consumer Price Index (CPI) […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar was little changed at midday Friday, consolidating following recent sharp declines, analysts said. The currency was still undermined by signs of slow global economic growth, analysts said. The Bank of Canada surprisingly cut interest rates earlier this week, while the European Central Bank […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar was slightly lower against its American counterpart Friday morning, as a new report said Canada’s consumer price index rose 1.5 percent in the year ended December. The consumer price index is regarded as a key measure of inflation. At 8:50 CST Friday morning, […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 22 – The Canadian dollar continued to plummet against the US dollar on Thursday, reacting to ongoing worries about slow global economic growth, analysts said. On Thursday, the European Central Bank announced it will be implementing a stimulus program that will include buying 60 billion euros worth of […] Read more

By Commodity News Service Canada Winnipeg, January 22 – The Canadian dollar continued to ease relative to the US dollar at midday Thursday, with the Bank of Canada’s surprise decision to cut interest rates on Wednesday behind the weakness. The Bank of Canada unexpectedly cut its key interest rate to 0.75 per cent, from its […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 22 – The Canadian dollar was weaker Thursday morning, as the currency continued to react to Wednesday’s Bank of Canada interest rate cut. At 9:19 CST Thursday morning the Canadian dollar was at US$0.8091 or C$1.2359 which compares with Wednesday’s North American close of US$0.8107, or C$1.2335. The […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 21 – The Canadian dollar plummeted on Wednesday, dropping more than one and half cents against the US dollar, just a day after falling a penny. The main driving force was the unexpected announcement that the Bank of Canada is cutting key interest rates to 0.75 per cent, […] Read more

By Commodity News Service Canada Winnipeg, January 21 – The Canadian dollar saw enormous losses on Wednesday, dropping nearly two full cents against the US dollar, just a day after dropping a penny. The Canadian dollar’s losses were linked to news that the Bank of Canada unexpectedly cut its key interest rate to 0.75 per […] Read more

By Commodity News Service Canada Winnipeg, January 21 – The Canadian dollar was stronger against its American counterpart Wednesday morning, as crude oil and gold both showed strength. At 8:45 CST Wednesday morning, the loonie was up 0.0030 of a cent to US$0.8288 or US$1 = C$1.2065. Later today, the Bank of Canada will make […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 20 – The Canadian dollar was sharply lower against the US dollar on Tuesday, dropping more than a full cent and hitting its lowest levels since early 2009. The Canadian dollar closed at US$0.8260 or US$1=C$1.2107 on Tuesday, which compares with Monday’s North American settlement of US$0.8370 or […] Read more