Archives

By Commodity News Service Canada WINNIPEG, September 2 – The Canadian dollar was sharply weaker relative to the US dollar on Tuesday, losing nearly half a cent. Expectations that the Bank of Canada will continue to keep interest rates unchanged at Tuesday’s policy announcement helped to weigh on the currency, analysts said. The Canadian dollar […] Read more

By Commodity News Service Canada Winnipeg, September 2 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as traders waited to head a scheduled announcement on interest rates by the Bank of Canada. The central bank is widely expected to leave rates unchanged at one percent. Bank of Canada governor Stephen […] Read more

By Commodity News Service Canada WINNIPEG, August 29 – The Canadian dollar was weaker on Friday, dropping back below the 92 cents US mark. The currency was consolidating after reaching a one-month high earlier in the day, and a head of the long weekend, analysts said. Canadian and US markets will be closed for Labour […] Read more

By Commodity News Service Canada Winnipeg, August 29 – The Canadian dollar was slightly weaker against its US counterpart at midday Friday, as the American greenback gained strength due to signs of economic crisis in Europe. Inflation within Euro-bearing countries slumped to 0.3 percent, the lowest amount since October of 2009. According to Statistics Canada, […] Read more

By Commodity News Service Canada Winnipeg, August 29 – The Canadian was higher on Friday as data showed that the economy grew more than expected in the second quarter, analysts say. At 9:16 CDT Friday morning, the loonie was up 0.08 of a cent to US$0.9227 or US$1 = C$1.0857 as Statistics Canada reported gross […] Read more

By Commodity News Service Canada WINNIPEG, August 28 – The Canadian dollar was slightly higher relative to the US dollar on Thursday, continuing to find support from recent news that US fast food chain Burger King is purchasing Canadian company Tim Hortons, analysts said. The Canadian dollar closed at US$0.9219 or US$1=C$1.0847 on Thursday, which […] Read more

By Commodity News Service Canada Winnipeg, August 28 – The Canadian dollar was higher against its US counterpart at midday Thursday, due to reports that Canada’s current account deficit fell C$200-million to C$11.9 billion. The decline was credited to an increase in the deficit on trade in goods and services, according to a report. The […] Read more

By Commodity News Service Canada Winnipeg, August 28 – The Canadian dollar was higher Thursday as Canada’s current account deficit improved slightly during the second quarter, analysts say. At 9:15 CDT Thursday morning, the loonie rose 0.1 of a cent to US$0.9222 or US$1 = C$1.0891 as Statistics Canada reported that deficit edged down C$200 […] Read more

By Commodity News Service Canada WINNIPEG, August 27 – The Canadian dollar was sharply higher relative to the US dollar on Wednesday, gaining more than three-quarters of a cent against its US counterpart. Much of the strength came from the news of a major deal that will see US company Burger King buy Canadian chain […] Read more

By Commodity News Service Canada Winnipeg, August 27 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as reports from the banking sector buoyed investor confidence. The Royal Bank, reported a quarterly profit that beat expectations while Quebec-based National Bank posted net earnings of C$441 million, up 10% from last year […] Read more