Archives

By Commodity News Service Canada WINNIPEG, Feb. 3 – The Canadian dollar finished higher against the US dollar on Monday. Optimism that the US will approve the Keystone XL pipeline project helped to lift the Canadian currency. The approval would mean an increase in Canadian oil exports to the US, which would help to stimulate […] Read more

By Commodity News Service Canada Winnipeg, February 3 – The Canadian dollar was significantly stronger against its US counterpart at midday Monday, underpinned by better-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, the Industrial Product Price Index (IPPI) increased by 0.7% in December, following a 0.2% gain seen in November. Economists were […] Read more

By Commodity News Service Canada Winnipeg, February 3 – The Canadian dollar opened significantly stronger against its US counterpart on Monday, underpinned by better- than-expected Canadian economic data, industry watchers said. According to Statistics Canada, the Industrial Product Price Index (IPPI) increased by 0.7% in December, following a 0.2% gain in November. Economists were expecting […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 31 – The Canadian dollar finished firmer on Friday, recovering after dropping to a four-and-a-half-year low earlier in the day. Traders were said to be covering their short positions ahead of the weekend, according to analysts. The Canadian currency closed at US$0.8978 or US$1=C$1.1138 on Friday, which compares […] Read more

By Commodity News Service Canada Winnipeg, January 31 – The Canadian dollar was stronger against its US counterpart at midday Friday, underpinned by reports that Canada’s deficit shrank in November 2013, industry watchers said. According to the Finance Department, Canada posted a budget deficit of C$613 million, narrowing from C$1.7 billion seen in November 2012. […] Read more

By Commodity News Service Canada Winnipeg, January 31 – The Canadian dollar opened weaker against its US counterpart on Friday, undermined by unfavourable Canadian economic data, industry watchers said. According to Statistics Canada, the gross domestic product was up only 0.2% in November, which was slower than the 0.3% gain seen the previous two months. […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 30 – The Canadian dollar finished slightly firmer compared to the US dollar Thursday, seeing a recovery after dipping to four-and-a-half year lows during the overnight trading session, analysts said. The Canadian currency closed at US$0.8956 or US$1=C$1.1166 on Thursday, which compares with Wednesday’s North American settlement of […] Read more

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by favourable Canadian economic data, industry watchers said. According to Statistics Canada, the average weekly earnings of a non-farm payroll employee were up 0.9% in November to C$928. On a year- over-year outlook, […] Read more

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by stronger-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, weekly earnings of non-farm payroll employees were up 0.9% to C$928 in November. Looking at the year-over-year basis, weekly earnings were up […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 29 – The Canadian dollar moved lower against the US dollar after the US Federal Reserve announced further stimulus cutbacks on Wednesday. The US Fed announced they will be reducing their monthly bond purchases by another US$10 billion, to US$65 billion, due to improving economic conditions in the […] Read more