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By Commodity News Service Canada Winnipeg, November 5 – The Canadian dollar was lower against its US counterpart Wednesday morning, after mid-term elections that saw Republicans gain control of the US Congress for the first time in eight years. The loonie has also felt the impact of slumping crude oil prices which hit a three-year […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 4 – The Canadian dollar was down sharply compared to the US dollar, falling to a five-year low in the wake of declining oil prices, which also hit multi-year lows on Tuesday, analysts said. The Canadian dollar closed at US$0.8764 or US$1=C$1.1410 on Tuesday, which compares with Monday’s […] Read more

By Commodity News Service Canada Winnipeg, Nov 4 – The Canadian dollar continued its sharp decline against the U.S. dollar on Tuesday, falling below the 88 cents U.S. mark. Much of the Canadian dollar’s recent drop in value is linked to falling crude oil values, which are now at multi-year lows, according to analysts. At […] Read more

By Commodity News Service Canada Winnipeg, November 4 – The Canadian dollar was lower against its US counterpart Tuesday morning, after Saudi Arabia cut prices to its US customers. Analysts say the move was sparked by the Middle Eastern country’s desire to retain its market share in the face of surging US supplies. The American […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 3 – The Canadian dollar was down sharply compared to the US dollar, reacting to weak oil prices and disappointing economic data out of Asia and Europe, analysts said. The Canadian dollar closed at US$0.8805 or US$1=C$1.1357 on Monday, which compares with Friday’s North American settlement of US$0.8872 […] Read more

By Commodity News Service Canada Winnipeg, Nov 3 – The Canadian dollar was sharply lower relative to the US dollar on Monday, undermined by weakening oil prices, analysts said. At 11:46 CST Monday, the Canadian dollar was trading at US$0.8807, or US$1=C$1.1355, which compares with Friday’s North American close of US$0.8872 or US$1=C$1.1271. Disappointing economic […] Read more

By Commodity News Service Canada Winnipeg, November 3 – The Canadian dollar was lower against its US counterpart Monday morning, in the wake of weak manufacturing data from China and Europe. The China Federation of Logistics and Purchasing’s manager’s index fell by 0.3 percent from September to 50.8, which indicates expansion. Data from the Eurozone […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 31 – The Canadian dollar was sharply lower relative to the US dollar on Friday, reacting to news that Japan unexpectedly expanded their current stimulus program, analysts said. The Canadian dollar closed at US$0.8872 or US$1=C$1.1271 on Friday, which compares with Thursday’s North American settlement of US$0.8932 or […] Read more

By Commodity News Service Canada Winnipeg, Oct 31 – The Canadian dollar was sharply lower relative to the US dollar on Friday, reacting to disappointing Canadian economic data, analysts said. Statistics Canada said gross domestic product dropped 0.1 per cent last month, while pre-report expectations called for a flat reading. At 11:41 CDT Friday, the […] Read more

By Commodity News Service Canada Winnipeg, October 31 – The Canadian dollar was lower against its US counterpart Friday morning, as weak economic data from August weighed on the market. New numbers show that Canada’s GDP rose by an annualized rate of 2.2 percent. That fell short of analysts’ projections of 2.3 percent. Markets were […] Read more