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By Commodity News Service Canada WINNIPEG, April 17 – The Canadian dollar was little changed against the US dollar on Thursday, as investors were being cautious ahead of the long weekend. Markets in Canada and the US will be closed on April 18 for Good Friday. The Canadian dollar closed at US$0.9080 or US$1=C$1.1013 on […] Read more

By Commodity News Service Canada WINNIPEG, April 17 – The Canadian dollar was slightly firmer at midday Thursday, as better-than-expected inflation data provided some support for the currency. At 11:55 CDT, the Canadian dollar was trading at US$0.9088 or US$1=C$1.1004 which compares with Wednesday’s close of US$0.9076 or US$=C$1.1018. Canadian consumer prices rose at an […] Read more

By Commodity News Service Canada Winnipeg, April 17 – The Canadian dollar rose slightly against the US dollar Thursday morning on the strength of a Statistics Canada report which said inflation in March exceeded expectations on a year- over-year basis. According to the report, consumer prices rose by a rate of 1.5% in the year […] Read more

By Commodity News Service Canada Winnipeg, April 16 – The Canadian dollar fell against its US counterpart at midday Wednesday, as the Bank of Canada decided to hold the interest rate steady at 1%. The bank also dropped its first quarter growth forecast from 2.5 per cent to 1.5 per cent. Data in its quarterly […] Read more

By Commodity News Service Canada Winnipeg, April 16 – The Canadian dollar was basically unchanged Wednesday morning as investors waited to see whether the bank of Canada would adjust its interest rate. A report showings foreign investors bought 6.1 billion Canadian dollars (US$5.54 billion) was met with relative indifference, said analysts. There is speculation Bank […] Read more

By Commodity News Service Canada WINNIPEG, April 15 – The Canadian dollar moved lower against the US dollar on Tuesday, as concerns about slow economic growth in China were bearish, analysts said. The Canadian dollar closed at US$0.9110 or US$1=C$1.0977 on Tuesday, which compares with Monday’s North American settlement of US$0.9130 or US$1=C$1.0953. Spillover pressure […] Read more

By Commodity News Service Canada Winnipeg, April 15 – The Canadian dollar fell slightly against the US dollar Tuesday morning as positive manufacturing data failed to take investors’ attention off a pending rate decision by the Bank of Canada, said analysts. On Wednesday the bank is scheduled to release its quarterly Monetary Policy Report decision […] Read more

By Commodity News Service Canada WINNIPEG, April 14 – The Canadian dollar moved higher relative to the US dollar on Monday, seeing a correction following recent losses, analysts said. The Canadian dollar closed at US$0.9130 or US$1=C$1.0953 on Monday, which compares with Friday’s North American settlement of US$0.9108 or US$1=C$1.0979. Spillover support from the gains […] Read more

By Commodity News Service Canada WINNIPEG, April 14 – The Canadian dollar was firmer at midday Monday, with solid US retail sales data providing some underlying support for the currency. At 11:49 CDT, the Canadian dollar was trading at US$0.9120 or US$1=C$1.0965 which compares with Friday’s close of US$0.9108 or US$=C$1.0979. US retail sales increased […] Read more

By Commodity News Service Canada Winnipeg, April 14 – The Canadian dollar rose against the US dollar Monday morning as a pending decision by the Bank of Canada whether or not to adjust its policy rate provided support to the currency. Canada’s central bank is generally expected to keep its policy rate at 1%, said […] Read more