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By Commodity News Service Canada Winnipeg, December 1 – The Canadian dollar was higher against its American counterpart at midday Monday, as new data pointed towards a slump in China’s manufacturing activity. The loonie was at US$0.8823 or US$1 = C$1.1334 at 11:45 CST Monday morning. A report by HSBC Corp. showed Chinese manufacturing activity […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 28 – The Canadian dollar dropped another three-quarters of a cent on Friday, as crude oil values continued to tumble. OPEC’s announcement saying they won’t cut production on Thursday continued to weigh on oil, as did long liquidation and chart-based selling. The Canadian dollar closed at US$0.8741 or […] Read more

By Commodity News Service Canada Winnipeg, November 28 – The Canadian dollar was lower against its American counterpart at midday Friday, as positive data detailing Canada’s economic growth couldn’t keep up with the impact of tumbling oil prices. The loonie was at US$0.8744 or US$1 = C$1.1436 at 11:55 CST Friday morning. Oil slumped to […] Read more

By Commodity News Service Canada Winnipeg, November 28 – The Canadian dollar was lower on Friday as plummeting oil prices offset gains in the economy. At 8:50 CST Friday morning, the loonie was down 0.0054 of a cent to US$0.8763 or US$1 = C$1.1412. A barrel of crude oil is sitting at four-year lows in […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 27 – The Canadian dollar dropped three-quarters of a cent relative to the US dollar on Thursday, following the sharp tumble seen in crude oil values, analysts said. Crude oil values tumbled to fresh four-and-a-half year lows; with the WTI January 2015 crude oil contract dropping below US$70 […] Read more

By Commodity News Service Canada Winnipeg, November 27 – The Canadian dollar was lower against its American counterpart at midday Thursday, in the wake of an announcement by OPEC that it would not be cutting oil production to address falling prices. The loonie was at US$0.8815 or US$1 = C$1.1344 at 11:45 CST Thursday morning. […] Read more

By Commodity News Service Canada Winnipeg, November 27 – The Canadian dollar was slightly lower on Thursday as improving trade data was offset by weak commodity prices. At 8:55 CST Thursday morning, the loonie was down 0.0022 of a cent to US$0.8867 or US$1 = C$1.1278. Canada’s current account deficit narrowed by C$1.5 billion in […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 26 – The Canadian dollar firmed relative to the US dollar on Wednesday, after a quiet day as traders squared positions ahead of Thanksgiving in the US on Thursday. US markets will be closed, while Canadian markets will be open. The Canadian dollar closed at US$0.8900 or US$1=C$1.1236 […] Read more

By Commodity News Service Canada Winnipeg, November 26 – The Canadian dollar was higher against its American counterpart at midday Wednesday, buoyed by positive economic data. The loonie was at US$0.8902 or US$1 = C$1.1233 at 11:35 CST Wednesday morning. Durable goods orders in the US rose by 0.4 percent. That is well above the […] Read more

By Commodity News Service Canada Winnipeg, November 26 – The Canadian dollar was slightly higher on Wednesday as investors waited for the release of US economic data. At 8:50 CST Wednesday morning, the loonie was up 0.0012 of a cent to US$0.8896 or US$1 = C$1.1241. The October reading on US durable goods orders, the […] Read more