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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

By Commodity News Service Canada Winnipeg, August 27 – The Canadian dollar was higher on Wednesday, as it benefited from a major corporate deal that will see American fast food giant Burger King buy Canadian coffee-and-doughnut chain Tim Hortons for $12.5 billion. At 9:00 CDT Wednesday morning, the loonie rose 0.41 of a cent to […] Read more

By Commodity News Service Canada WINNIPEG, August 26 – The Canadian dollar was stronger relative to the US dollar on Tuesday, finding support from news that Burger King is buying Tim Hortons in a cash and stock deal worth about US$11 billion. Because Burger King is a foreign buyer purchasing a Canadian company, they will […] Read more

By Commodity News Service Canada Winnipeg, August 26 – The Canadian dollar was higher against its US counterpart at midday Tuesday, as the proposed Tim Hortons’ merger with Burger King sent signals to investors that the big foreign buyer will need Canadian currency to seal the deal. The deal is a cash and stock transaction […] Read more

By Commodity News Service Canada Winnipeg, August 26 – The Canadian dollar was higher on Tuesday as traders considered a major Canadian corporate deal in the making and looked ahead to key data out at the end of the week. At 9:10 CDT Tuesday morning, the loonie rose 0.14 of a cent to US$0.9121 or […] Read more

By Commodity News Service Canada WINNIPEG, August 25 – The Canadian dollar was lower relative to the US dollar on Monday, undermined by continued strength in the value of the US currency, analysts said. The US dollar was stronger, as it was reacting to expectations that the US Federal Reserve will raise interest rates sooner […] Read more

By Commodity News Service Canada Winnipeg, MB, August 25, 2014 (CNS Canada) – The Canadian dollar was slightly lower against its US counterpart at midday Monday, as traders considered a possible sale of Tim Hortons’ to Burger King. The deal would involve the creation of a new, publicly traded company that would be based in […] Read more

By Commodity News Service Canada Winnipeg, August 25 – The Canadian dollar was lower on Monday as traders looked ahead to the latest reading on economic growth and considered a potential merger and acquisition deal involving the restaurant chain Tim Hortons, analysts said. At 9:06 CDT Monday morning, the loonie was down 0.07 of a […] Read more

By Commodity News Service Canada Winnipeg, August 22 – The Canadian dollar closed unchanged on Friday amid a stronger than expected showing on retail sales and tame inflation data, analysts say. At 3:40 CDT Friday, the loonie was flat at US$0.9137 or US$1 = C$1.0950 as Statistics Canada reported that the consumer price index for […] Read more