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By Commodity News Service Canada Winnipeg, November 10 – The Canadian dollar was slightly lower against its US counterpart at midday Monday, pressured by domestic housing data. Housing starts in Canada came in at an annualized rate of 183,604 units in October. That compares to 197,355 in September. Analysts had initially forecast housing starts to […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 10 – The Canadian dollar was holding steady Monday morning, as the currency reacted to domestic housing data and Chinese economic news. At 9:16 CST Monday morning the Canadian dollar was at US$0.8828 or C$1.1328 which compares with Friday’s North American close of US$0.8824, or C$1.1333. China’s trade […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 7 – The Canadian dollar ended sharply higher relative to the US dollar on Friday, gaining nearly three-quarters of a cent. Much of the strength was linked to better than expected Canadian jobs data, analysts said. Statistics Canada reported 43,000 new jobs were created in October, while pre-report […] Read more

By Commodity News Service Canada Winnipeg, MB, November 7 – The Canadian dollar jumped against its US counterpart at midday Friday, carried by Canadian job data that showed better-than-expected job creation numbers. Analysts initially projected losses of 5,000 jobs but numbers showed the economy actually created 43,100 jobs in October. The country’s jobless rate was […] Read more

By Commodity News Service Canada Winnipeg, November 7 – The Canadian dollar was higher against its US counterpart Friday morning, as employment numbers in Canada exceeded expectations. The Canadian economy created 43,100 jobs last month, which exceeded analysts’ expectations. The unemployment rate also dropped from 6.8 percent to 6.5 percent. The US created 215,000 jobs […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 6 – The Canadian dollar ended lower relative to the US dollar on Thursday, undermined by negative economic news out of Europe, analysts said. The European Central Bank is reportedly preparing to implement further stimulus measures if the economy doesn’t start to show signs of better growth. The […] Read more

By Commodity News Service Canada Winnipeg, Nov 6 – The Canadian dollar eased relative to the US dollar on Thursday, giving back all of the gains seen on Wednesday. Weakening oil prices helped to weigh on the loonie, analysts said. At 11:49 CST Thursday, the Canadian dollar was at US$0.8742 or US$1=C$1.1439, which compares with […] Read more

By Commodity News Service Canada Winnipeg, November 6 – The Canadian dollar was lower against its US counterpart Thursday morning, as speculation mounted that Canada lost 8,000 jobs last month. Investors are waiting for the official numbers to come out tomorrow. In the US, the economy is expected to have created 228,000 jobs. The US […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 5 – The Canadian dollar was firmer relative to the US dollar on Wednesday, reacting to a rebound in crude oil prices, analysts said. Oil prices were lifted by smaller than expected US oil supplies, as well as reports that Libya will export less of the commodity than […] Read more

By Commodity News Service Canada Winnipeg, Nov 5 – The Canadian dollar was stronger relative to the US dollar at midday Wednesday, seeing an upward correction following a recent drop to five-year lows, analysts said. At 11:40 CST Wednesday, the Canadian dollar was trading at US$0.8785 or US$1=C$1.1383, which compares with Tuesday’s North American close […] Read more