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By Commodity News Service Canada Winnipeg, November 17 – The Canadian dollar was lower against its US counterpart Monday morning, as reports came out of Japan indicating the country has slipped into recession. Despite frantic economic positioning by Japanese Prime Minister Shinzo Abe, the country’s manufacturers continue to lose ground to their Asian rivals while […] Read more

By Commodity News Service Canada Winnipeg, Nov. 14 – The Canadian dollar was stronger on Friday, as strong manufacturing data and gains in crude oil supported the currency. The Canadian currency late in the afternoon was quoted at US$0.8868 or US$1=C$1.1277. This compares with Thursday’s North American close of US$0.8790, or US$=C$1.1376. Canadian manufacturing sales […] Read more

By Commodity News Service Canada Winnipeg, November 14 – The Canadian dollar was higher against its US counterpart at midday Friday, buoyed by manufacturing data that showed sales rising 2.1 percent to C$50.3 billion during the month of September. The rise was credited to increasing sales in the transportation equipment industry. Primary metals and the […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 14 – The Canadian dollar was stronger Friday morning, as better-than-expected domestic manufacturing data and gains in crude oil provided support. At 9:30 CST Friday morning the Canadian dollar was at US$0.8828 or C$1.1328 which compares with Thursday’s North American close of US$0.8790, or C$1.1376. Canadian manufacturing sales […] Read more

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar closed lower against its US counterpart on Thursday, pressured by oil prices which dropped below US$75 a barrel in midday trading. The Canadian economy, which is closely linked to oil production, has seen oil prices plunge by $20 a barrel over the past […] Read more

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar was lower against its US counterpart at midday Thursday, largely swayed by plunging crude oil prices. The drop in price happened due to a larger-than-expected decline in crude inventories and sharp rise in supplies of gasoline. Gas inventories rose by 1.8 million barrels […] Read more

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar closed higher against its US counterpart on Wednesday, supported by strong job-market data and the government’s announcement it expects to return to a balanced budget next year. Canadian Finance Minister Joe Oliver said Ottawa expects to reap a surplus of 1.9 billion Canadian […] Read more

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as Federal Finance minister Joe Oliver said the government was on track to balance the budget by 2015. Speaking Wednesday morning, Oliver said Canada would realize a C$1.9 billion surplus in 2015. Meantime, there […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 12 The Canadian dollar was stronger Wednesday morning, as currency traders were adjusting positions ahead of the federal government’s economic update out later in the day. The fall fiscal update is expected to confirm the size of Canada’s projected surplus for 2015. At 9:25 CST Wednesday morning the […] Read more

By Commodity News Service Canada Winnipeg, November 10 – The Canadian dollar closed lower against its US counterpart on Monday, as the US dollar advanced during the session and put pressure on commodities. The December copper contract fell two cents lower to US$3.02 a pound. The December crude oil contract lost US$1.25 to US$77.40 a […] Read more