Archives

By Commodity News Service Canada Winnipeg, October 8 – The Canadian dollar was lower Wednesday morning, as weak economic data continued to trickle in from overseas. The International Monetary Fund cut its estimate for global economic growth this year and next, due to weaker expansions in Japan, Latin America and Europe. The Canada Mortgage and […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 7 – The Canadian dollar was lower relative to the US dollar on Tuesday, seeing a downward correction following Monday’s sharp rally, analysts said. The Canadian dollar closed at US$0.8952 or US$1=C$1.1171 on Tuesday, which compares with Monday’s North American settlement of US$0.8984 or US$1=C$1.1131. Concerns about slow […] Read more

By Commodity News Service Canada Winnipeg, Oct 7 – The Canadian dollar eased against the US dollar at 11:50 CDT Tuesday, reacting to concerns about slow economic growth in Asia and Europe, analysts said. German data showed a decline of four per cent in industrial output in August, which compares with expectations calling for a […] Read more

By Commodity News Service Canada Winnipeg, October 7 – The Canadian dollar was lower Tuesday morning, as weak economic data from Europe and Asia sent the US dollar higher. Concerns are mounting over Germany’s economic outlook, as new numbers showed a 4 percent drop in industrial output during August. The World Bank also said countries […] Read more

By Commodity News Service Canada Winnipeg, Oct 6 – The Canadian dollar was up sharply at 11:55 CDT Monday, finding support from a sharp sell-off in the U.S. dollar, analysts said. At 11:55 CDT Monday, the Canadian dollar was trading at U.S.$0.8933, or U.S.$1=C$1.1194, which compares with Friday’s North American close of U.S.$0.8882 or U.S.$1=C$1.1259. […] Read more

By Commodity News Service Canada Winnipeg, October 6 – The Canadian dollar was higher Monday morning, on the back of rising commodity prices. Investors were looking ahead to the release of Statistics Canada’s employment report for September, said analysts. Early estimates suggest the economy churned out 15,000 jobs in that time period. New data is […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 3 – The Canadian dollar was sharply lower on Friday, dropping below the 89 cents US mark as traders reacted to disappointing Canadian trade data, analysts said. Statistics Canada reported that merchandise exports out of Canada decreased 2.5 per cent in August, while imports rose 3.9 per cent, […] Read more

By Commodity News Service Canada Winnipeg, October 3 – The Canadian dollar was lower Friday morning, due to disappointing domestic trade data and a strong US jobs report. According to Statistics Canada, the country’s trade balance reached a deficit of C$615 million. That compares to a surplus of $2.2 billion in August. Exports fell 2.5 […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 2 – The Canadian dollar was slightly higher relative to the US dollar on Thursday, continuing to see an upward correction following a recent sharp drop, analysts said. The Canadian dollar closed at US$0.8958 or US$1=C$1.1163 on Thursday, which compares with Wednesday’s North American settlement of US$0.8951 or […] Read more

By Commodity News Service Canada Winnipeg, October 2 – The Canadian dollar was slightly firmer against its US counterpart at midday Thursday, just one day before September job numbers were due to be released in the US. There is growing speculation the US Federal Reserve could raise the interest rate by the middle of next […] Read more