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By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was slightly stronger against its US counterpart at midday Wednesday, as traders position themselves ahead of the afternoon’s US Federal Reserve interest rate announcement, industry watchers said. The Fed tapered asset purchases by US$10 billion a month in December, and currently spend US$75 […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar opened stronger against its US counterpart on Wednesday, as traders position themselves ahead of the US Federal Reserve’s interest rate announcement in the afternoon, industry watchers said. The Fed tapered asset purchases by US$10 billion a month in December, and currently spend US$75 […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 28 – The Canadian dollar dropped sharply on Tuesday, losing more than a third of a cent against its US counterpart. The Canadian currency closed at US$0.8964 or US$1=C$1.1156 on Tuesday, which compares with Monday’s North American settlement of US$0.8999 or US$=C$1.1112. Economic growth concerns in emerging countries […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar was significantly weaker against its US counterpart at midday Tuesday, falling to its lowest level since July 2009 amid worries about currencies in emerging markets, industry watchers said. Losses seen in commodities, including copper and gold, added to the bearish tone. Traders are […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar opened significantly weaker against its US counterpart on Tuesday, falling to its lowest level since July 2009 amid worries about currencies in emerging markets, industry watchers said. Spillover from the losses seen in gold added to the bearish tone, brokers said. Traders are […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 27 – The Canadian dollar eased on Monday, closing just below the 90 cents US mark. Nervousness surrounding the upcoming US Federal Reserve decision about whether or not to ease stimulus measures further on Wednesday was behind some of the weakness, analysts said. The Canadian currency closed at […] Read more

By Commodity News Service Canada Winnipeg, January 27 – The Canadian dollar was weaker against its US counterpart at midday Monday, as a lack of fresh economic indicators had the loonie trading up and down during the morning, industry watchers said. Losses seen in commodities, including gold, copper and crude oil, added to the bearish […] Read more

By Commodity News Service Canada Winnipeg, January 27 – The Canadian dollar opened stronger against its US counterpart on Monday, reversing some of the sharp losses seen in the previous week, industry watchers said. However, losses seen in commodities, including gold and copper, limited any further gains. Traders are also looking ahead to Wednesday’s interest […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 24 – The Canadian dollar firmed against the US dollar on Friday, seeing an upward correction ahead of the weekend, analysts said. Short covering following a recent sharp drop in the value of the Canadian dollar was responsible for some of the upward movement. Stronger gold prices were […] Read more

By Commodity News Service Canada Winnipeg, January 24 – The Canadian dollar was stronger against its US counterpart at midday Friday, underpinned by Canadian economic data that was in line with trade expectations, market watchers said. According to Statistics Canada, Canada’s core inflation on a year- over-year basis in December was 1.2%, which was what […] Read more