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By Commodity News Service Canada Winnipeg, May 23 – The Canadian dollar was slightly higher against its US counterpart at midday Friday, as rising price pressures prompt speculation the Bank of Canada will not raise the interest rate. A report by Statistics Canada on Friday showed the consumer price index for April rose by two […] Read more

By Commodity News Service Canada Winnipeg, May 23 – The Canadian dollar was little changed against its US counterpart Friday morning, as rising inflation and mixed commodity numbers failed to dislodge the loonie from its narrow trading range. Statistics Canada reported that the consumer price index for April rose 2% on a year-over-year basis, which […] Read more

By Commodity News Service Canada WINNIPEG, May 22 – The Canadian dollar closed firmer relative to the US dollar on Thursday, as traders were covering positions ahead of Friday’s Canadian consumer price index data from Statistics Canada, analysts said. Economists expect annual inflation for all items Canada was at 2 per cent in April, up […] Read more

By Commodity News Service Canada Winnipeg, May 22 – The Canadian dollar was marginally higher against its US counterpart at midday Thursday, as strong metal prices helped to offset weak retail sales data. A report by Statistics Canada showed domestic retail sales in March fell 0.1 percent to C$41.1 billion. This was largely due to […] Read more

By Commodity News Service Canada Winnipeg, May 22 – The Canadian dollar was little changed against its US counterpart Thursday morning, as it shrugged off disappointing retail-sales data. Statistics Canada reported retail sales in March fell 0.1% on weaker demand for cars and clothes. On a year-over-year basis however, retail sales rose 3.9%. On the […] Read more

By Commodity News Service Canada WINNIPEG, May 21 – The Canadian dollar closed lower relative to the US dollar on Wednesday. Broad strength in the value of the US dollar was behind the Canadian dollar’s weakness, analysts said. The Canadian dollar closed at US$0.9162 or US$1=C$1.0915 on Wednesday, which compares with Tuesday’s North American settlement […] Read more

By Commodity News Service Canada Winnipeg, May 21 – The Canadian dollar was lower against its US counterpart at midday Wednesday, due to a decline in metal prices. The July copper contract fell two cents to US$3.12 a pound, while June gold faded $4.50 to US$1,290.10 an ounce. July crude oil gained $1.07 to US$103.40 […] Read more

By Commodity News Service Canada Winnipeg, May 21 – The Canadian dollar was slightly lower against its US counterpart Wednesday morning as investors waited to hear the minutes from the US Federal Reserve’s latest meeting. US Federal Reserve Chairwoman Janet Yellen, Kansas City Fed President Esther George and Minneapolis Fed President Narayana Kocherlakota were all […] Read more

By Commodity News Service Canada WINNIPEG, May 20 – The Canadian dollar eased against the US dollar on Tuesday, undermined by disappointing Canadian wholesale sales data, analysts said. According to Statistics Canada, wholesale sales decreased by 0.4 per cent to C$50.5 billion in March 2014, following advances seen in both January and February 2014. Pre-report […] Read more

By Commodity News Service Canada Winnipeg, May 20 – The Canadian dollar was down against its US counterpart at midday Tuesday, as a decline in Canadian March wholesale sales led traders towards the safety of the US dollar. Canadian wholesale sales in March fell 0.4% to C$50.45 billion. That is far below earlier expectations of […] Read more