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By Commodity News Service Canada WINNIPEG, April 3 – The Canadian dollar was holding relatively steady at midday Thursday, as the market reacted to conflicting domestic and US trade data. At 11:54 CDT, the Canadian dollar was trading at US$0.9057 or US$1=C$1.1041 which was steady with Wednesday’s close of US$0.9062 or US$=C$1.1035. Canada reported a […] Read more

By Commodity News Service Canada Winnipeg, April 3 – The Canadian dollar rose slightly Thursday morning as new information showed the country reported a small trade surplus in February. The C$290 million surplus was above expectations and a potential signal the improving US economy is helping Canadian exporters, an analyst said. Canadian exports to the […] Read more

By Commodity News Service Canada WINNIPEG, April 2 – The Canadian dollar finished with little change relative to the US dollar on Wednesday, as traders were being cautious ahead of the release of key data later this week. On Thursday, Statistics Canada will release Canadian trade data for February, while employment data from both Canada […] Read more

By Commodity News Service Canada Winnipeg, April 2 – The Canadian dollar was unchanged against its US counterpart at midday Wednesday, as positive data about the US economy failed to sway the market. Automatic Data Processing Inc. said US companies had accelerated their employment numbers in March, adding an estimated 191,000 jobs. The June gold […] Read more

By Commodity News Service Canada Winnipeg, April 2 – The Canadian dollar was mostly unchanged Wednesday morning, due to a lack of internal domestic data. The loonie is fixed on external developments in the absence of any major Canadian announcements scheduled for Wednesday. The Canadian dollar has gained more than 2% against its American counterpart […] Read more

By Commodity News Service Canada WINNIPEG, April 1 – The Canadian dollar closed stronger against its US counterpart on Tuesday, lifted by positive Canadian economic news, analysts said. The Royal Bank of Canada’s Canadian Manufacturing Purchasing Managers Index rose to 53.3 in March, from 52.9 in February. The Canadian dollar closed at US$0.9065 or US$1=C$1.1032 […] Read more

By Commodity News Service Canada Winnipeg, April 1 – The Canadian dollar continued to strengthen against its US counterpart at midday Tuesday, after a report on Canadian manufacturing from the Royal Bank said manufacturers reported a welcome recovery in new order volumes. The RBC Canadian Manufacturing Purchasing Managers Index registered 53.3 in March. This marks […] Read more

By Commodity News Service Canada Winnipeg, April 1 – The Canadian dollar was slightly higher Tuesday morning, but is unlikely to make any major gains before the release of North American March jobs data, due out later this week. On Wednesday, the US will release information about job numbers in the private-sector, while both the […] Read more

By Commodity News Service Canada WINNIPEG, March 31 – The Canadian dollar closed fractionally firmer compared to the US dollar on Monday, finding some support from strong Canadian economic data, analysts said. According to Statistics Canada, Canada’s gross domestic product (GDP) increased by 0.5 per cent in January, beating expectations of 0.4 per cent. However, […] Read more

By Commodity News Service Canada Winnipeg, March 31 – The Canadian dollar strengthened against its US counterpart at midday Monday, after the chairwoman of the US Federal Reserve, Janet Yellen, said extraordinary commitment would be needed to support the US economy. Yellen defended the policies of bond-buying and low-interest rates the reserve has taken in […] Read more