Archives

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

By Commodity News Service Canada WINNIPEG, Jan. 23 – The Canadian dollar closed only slightly lower, after trading well below the 90 cents US mark for most of the day on Thursday. The loonie’s decline was linked to disappointing Chinese manufacturing data, as well as Thursday’s dovish Bank of Canada policy announcement. But, bargain hunting […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar was significantly weaker against its US counterpart at midday Thursday, falling below the 90 US cent level earlier in the morning amid Wednesday’s dovish Bank of Canada policy announcement, industry watchers said. Further weakness came after the US dollar was finally able to […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar opened weaker against its US counterpart on Thursday, falling below 90 US cents amid Wednesday’s dovish Bank of Canada policy announcement, industry watchers said. Further weakness came after the US dollar was finally able to settle above resistance seen at the key technical […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 22 – The Canadian dollar closed sharply lower, losing almost a full cent against the US dollar on Wednesday. A dovish Bank of Canada (BoC) policy announcement sparked the downward price slide, analysts said. The BoC left interest rates unchanged, but said it will take longer for the […] Read more

By Commodity News Service Canada Winnipeg, MB, January 22, 2014 (CNS Canada) – The Canadian dollar was down over three-quarters of a cent against its US counterpart at midday Wednesday, undermined by the Bank of Canada’s (BoC) dovish interest rate announcement, industry watchers said. According to the BoC, inflation is expected to remain lower-than- anticipated […] Read more

By Commodity News Service Canada Winnipeg, January 22 – The Canadian dollar opened slightly stronger against its US counterpart on Wednesday, as traders position themselves ahead of the Bank of Canada’s interest rate announcement at 9:00 CST, industry watchers said. The loonie found some strength from the US dollar’s inability to settle above resistance at […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 21 – The Canadian dollar closed lower against the US dollar on Tuesday, as speculation that the US Federal Reserve will start to cut stimulus further weighed on the currency, analysts said. The Canadian currency closed at US$0.9114 or US$1=C$1.0972 on Tuesday, which compares with Monday’s North American […] Read more

By Commodity News Service Canada Winnipeg, January 21 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as traders position themselves ahead of Wednesday’s Bank of Canada interest rate announcement, industry watchers said. Some of the downward pressure came from a Wall Street Journal report that said the US Federal Reserve […] Read more

By Commodity News Service Canada Winnipeg, January 21 – The Canadian dollar opened weaker against its US counterpart on Tuesday, as it continued to trade in a narrow range ahead of Wednesday’s Bank of Canada interest rate announcement, industry watchers said. Some downward pressure came from a Wall Street Journal report that said the US […] Read more