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By Commodity News Service Canada Winnipeg, August 7 – The Canadian dollar was lower on Thursday amid a strong increase in Canadian building permits, analysts say. At midday on Thursday, the loonie was down 0.05 of a cent to US$0.9158 or US$1 = C$1.0922. Statistics Canada reported on Thursday that Canadian building permits worth C$8 […] Read more

By Commodity News Service Canada Winnipeg, August 7 – The Canadian dollar was lower on Thursday amid a strong increase in building permits, analysts say. At 8:50 CDT Thursday morning, the loonie was down 0.13 of a cent to US$0.9150 or US$1 = C$1.0926 after charging ahead almost four-tenth of a cent on Wednesday in […] Read more

By Commodity News Service Canada WINNIPEG, August 6 – The Canadian dollar was up sharply relative to the US dollar on Wednesday, underpinned by positive Canadian trade data, analysts said. According to Statistics Canada, Canada’s trade surplus jumped to C$1.9 billion in June, from a revised C$576 million in May. Exports increased by 1.1 per […] Read more

By Commodity News Service Canada Winnipeg, August 6 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as Statistics Canada reported the country’s trade surplus rose to C$1.9 billion in June. Surging energy exports are credited as being the main driver behind the surplus. Exports of energy products were up 2.5 […] Read more

By Commodity News Service Canada Winnipeg, August 6 – The Canadian dollar was slightly higher on Wednesday as a much better than expected trade report trumped geopolitical concerns, analysts say. At 9:00 CDT Wednesday morning, the loonie was up 0.04 of a cent to US$0.9128 = US$1 = C$1.0970 as Statistics Canada reported that the […] Read more

By Commodity News Service Canada WINNIPEG, August 5 – The Canadian dollar finished sharply lower relative to the US dollar on Tuesday, undermined by spillover pressure from weakness seen in crude oil prices, analysts said. The Canadian dollar closed at US$0.9124 or US$1=C$1.0960 on Tuesday, which compares with Friday’s North American settlement of US$0.9152 or […] Read more

By Commodity News Service Canada Winnipeg, August 5 – The Canadian dollar was lower against its US counterpart at midday Tuesday, on softening commodity news and lukewarm global economic data. Service industries in China grew at the slowest rate last month since November of 2005. The sluggish rate is due to a slowdown in the […] Read more

By Commodity News Service Canada Winnipeg, August 5 – The Canadian dollar was lower on Tuesday amid mixed economic news from China and the eurozone, analysts say. At 8:45 CDT Tuesday morning, the Canadian dollar was down 0.2 of a cent to US$0.9132 or US$1 = C$1.0919. Service industries in China, the world’s second biggest […] Read more

By Commodity News Service Canada WINNIPEG, August 1 – The Canadian dollar finished softer on Friday, reaching an almost eight-week low, reacting to disappointing US economic data, analysts said. US data showed nonfarm employment jumped to 209,000 in July, while the unemployment rate climbed to 6.2 per cent from 6.1 per cent. The Canadian dollar […] Read more

By Commodity News Service Canada Winnipeg, August 1 – The Canadian dollar was slightly lower against its US counterpart at midday Friday, after US employment data came in lower than expected. The US Labour Department said the American economy created 209,000 jobs last month. That is below the expected total of 225,000 jobs. On the […] Read more