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By Commodity News Service Canada Winnipeg, October 2 – The Canadian dollar was higher Thursday morning, as timid manufacturing data in the US weakened the American greenback. The loonie held its own even as prices for oil and some metals fell, analysts said. Meantime, the number of people applying for unemployment benefits in the US […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 1 – The Canadian dollar was firmer relative to the US dollar on Wednesday, seeing an upward correction after falling sharply in recent sessions, analysts said. The Canadian dollar closed at US$0.8951 or US$1=C$1.1172 on Wednesday, which compares with Tuesday’s North American settlement of US$0.8929 or US$1=C$1.1200. Disappointing […] Read more

By Commodity News Service Canada Winnipeg, September 29 – The Canadian dollar was slightly firmer against its US counterpart at midday Wednesday, due to the release of lukewarm American manufacturing data. The Institute for Supply Management’s manufacturing index came in at 56.6 on Wednesday. That is significantly weaker than the 58 reading analysts had forecast […] Read more

By Commodity News Service Canada Winnipeg, October 1 – The Canadian dollar has slightly lower Wednesday morning, as the US government released an employment report that was in line with expectations. Payroll firm ADP reported that the US private sector created 213,000 jobs last month. Canada won’t release its own job numbers until October 10. […] Read more

By Commodity News Service Canada WINNIPEG, September 30 – The Canadian dollar dropped lower relative to the U.S. dollar on Tuesday, reacting to disappointing Canadian gross domestic product (GDP) data, analysts said. According to Statistics Canada, real GDP was basically unchanged in July, following six consecutive months of gains. Pre-report expectations called for GDP growth […] Read more

By Commodity News Service Canada Winnipeg, Sept 30 – The Canadian dollar was down sharply relative to the US dollar at 11:51 CDT Tuesday, reacting to disappointing Canadian gross domestic product (GDP) data, analysts said. According to Statistics Canada, real GDP was basically unchanged in July, following six consecutive months of gains. Pre-report expectations called […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 30 The Canadian dollar was weaker Tuesday morning, as the currency reacted to the latest inflation data from Statistics Canada. At 9:24 CDT Tuesday morning the Canadian dollar was at US$0.8940 or C$1.1186 which compares with Monday’s North American close of US$0.8966, or C$1.1153. Canada’s real gross domestic […] Read more

By Commodity News Service Canada WINNIPEG, September 29 – The Canadian dollar held steady relative to the U.S. dollar on Monday, as the currency was attempting to consolidate following recent sharp declines, analysts said. The Canadian dollar closed at U.S.$0.8966 or U.S.$1=C$1.1153 on Monday, which compares with Friday’s North American settlement of U.S.$0.8965 or U.S.$1=C$1.1155. […] Read more

By Commodity News Service Canada Winnipeg, September 29 – The Canadian dollar was slightly firmer against its US counterpart at midday Monday, as markets sustained a series of jolts on speculation the US Federal Reserve may raise interest rates. New data shows the US economy rose at an annual rate of 4.6 percent in the […] Read more

By Commodity News Service Canada WINNIPEG, September 26 – The Canadian dollar ended sharply lower on Friday, dropping below the 90 cents U.S. mark. An upward revision to U.S. gross domestic product data for the second quarter caused the U.S. dollar to rise sharply, which, in turn, pushed the Canadian currency lower, analysts said. The […] Read more