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By Commodity News Service Canada Winnipeg, September 25 – The Canadian dollar was weaker against its US counterpart at midday Thursday, under pressure from a strengthening US dollar and a weak global economic picture. Speculation that the US Federal Reserve is heading nearer a rate hike has pushed the American greenback higher. The US Labour […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 25 The Canadian dollar was down sharply relative to the US dollar Thursday morning. A strengthening US dollar, which was linked to positive employment data, was behind the weakness in the loonie, analysts said. Unemployment insurance claims were up by 12,000 to 293,000 last week in the US, […] Read more

By Commodity News Service Canada WINNIPEG, September 24 – The Canadian dollar ended firmer on Wednesday, after dropping down to 90 cents US earlier in the day. Short covering at the lows of the day accounted for some of the upward price movement, analysts said. The Canadian dollar closed at US$0.9044 or US$1=C$1.1057 on Wednesday, […] Read more

By Commodity News Service Canada Winnipeg, September 24 – The Canadian dollar was slightly weaker against its US counterpart at midday Wednesday, due to a dovish tone from the central bank and lingering effects from Tuesday’s sales data. The lack of domestic data, other than the weaker-than-expected retail sales figures for July, cast a bearish […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 24 The Canadian dollar was sharply weaker relative to the US dollar Wednesday morning, hovering just about the 90 cents US mark. The narrowing of the spread between Canadian and US two-year bond yields and strength in the value of the US dollar were behind the drop, analysts […] Read more

By Commodity News Service Canada WINNIPEG, September 23 – The Canadian dollar continued to drift down towards the 90 cents US mark on Tuesday, undermined by disappointing economic data out of Europe, analysts said. Markit’s purchasing managers’ index for the euro zone dropped to 52.3 in September, the lowest in nine months, and below 52.5 […] Read more

By Commodity News Service Canada Winnipeg, September 23 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, due to slumping retail sales data. Canadian retail sales were down 0.1 percent in July, following six straight monthly increases. Sales in the auto sector were strong but failed to turn things around. Readings […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 23 The Canadian dollar was firmer relative to the US currency Tuesday morning, recovering from Monday’s sharp drop, analysts said. At 8:52 CDT Tuesday the Canadian dollar was at US$0.9075 or US$=C$1.1019, which compares with Monday’s North American close of US$0.9065 or US$=C$1.1031. Positive manufacturing data out of […] Read more

By Commodity News Service Canada WINNIPEG, September 22 – The Canadian dollar was sharply lower relative to the US dollar on Monday, reacting to a speech from Bank of Canada Senior Deputy Carolyn Wilkins Monday afternoon, analysts said. Wilkins said the Bank of Canada isn’t looking to change its neutral policy towards interest rates any […] Read more

By Commodity News Service Canada Winnipeg, September 22 – The Canadian dollar was weaker against its US counterpart at midday Monday, as words from the US Federal Reserve last week reassured investors the central bank is not looking to hike interest rates anytime soon, lending strength to the US dollar. The announcement reinforces the US […] Read more