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By Commodity News Service Canada WINNIPEG, May 13 – The Canadian dollar eased relative to its US counterpart on Tuesday, undermined by broad strength in the value of the US dollar, analysts said. The Canadian dollar closed at US$0.9166 or US$1=C$1.0910 on Tuesday, which compares with Monday’s North American settlement of US$0.9177 or US$1=C$1.0897. The […] Read more

By Commodity News Service Canada Winnipeg, May 13 – The Canadian dollar was little changed against its US counterpart at midday Tuesday, after weaker-than-expected retail sales data from the US was offset by investor optimism about China. According to the US Department of Commerce, retail sales rose by 0.1% in April. That is down from […] Read more

By Commodity News Service Canada Winnipeg, May 13 – The Canadian dollar rose slightly against its US counterpart Tuesday morning after retail sales data from the United States came in weaker-than-expected. US retail sales rose 0.1% last month after a 1.5% surge in March. The June crude oil contract gained 64 cents to US$101.23 a […] Read more

By Commodity News Service Canada WINNIPEG, May 12 – The Canadian dollar was nearly unchanged relative to the US dollar on Monday, as traders were being cautious ahead of key US retail sales data, due out on Tuesday, brokers said. Traders were also looking ahead to Thursday’s US industrial production figures, as well as housing […] Read more

By Commodity News Service Canada Winnipeg, May 12 – The Canadian dollar was marginally higher against its US counterpart at midday Monday, after reports the Chinese government is preparing to widen market access. Copper prices jumped on the news China’s cabinet was agreeable to ideas of streamlining the approval process for initial public stock offerings. […] Read more

By Commodity News Service Canada Winnipeg, May 12 – The Canadian dollar rose against its US counterpart Monday morning on sideways trading as traders waited for a number of key economic and central bank releases, said analysts. US retail sales data is due out tomorrow while Statistics Canada is scheduled to release its March report […] Read more

By Commodity News Service Canada WINNIPEG, May 9 – The Canadian dollar was weaker relative to the US dollar on Friday, undermined by disappointing Canadian employment data, analysts said. Statistics Canada said the economy lost 28,600 jobs in April, while expectations called for 13,500 new jobs to be added. The unemployment rate held steady at […] Read more

By Commodity News Service Canada Winnipeg, May 9 – The Canadian dollar fell against its US counterpart at midday Friday, as poor news on the Canadian labour front and slips in the financial sector, dragged the loonie lower. Numbers released by Statistics Canada show the Canadian economy lost 28,900 jobs in April. This confirms the […] Read more

By Commodity News Service Canada Winnipeg, May 9 – The Canadian dollar fell against its US counterpart Friday morning after weaker-than-expected data from the Canadian labour market underwhelmed investors. Canada lost 28,600 jobs in April while the jobless rate stayed consistent at 6.9%, according to Statistics Canada. The TSX is due for some consolidation after […] Read more

By Commodity News Service Canada WINNIPEG, May 8 – The Canadian dollar was up sharply against the US dollar on Thursday, breaking above the 92 cents US mark. Positive Canadian housing data helped to lift the loonie on Thursday, analysts said. Housing starts were at an annualized rate of 195,000 in April, beating expectations of […] Read more