Archives

By Commodity News Service Canada Winnipeg, January 8 – The Canadian dollar was weaker against its US counterpart at midday Wednesday, falling to a new 44-month low earlier in the session amid better-than-expected US economic data, industry watchers said. According to an Automatic Data Processing Inc. (ADP) report, private sector jobs in the US increased […] Read more

By Commodity News Service Canada Winnipeg, January 8 – The Canadian dollar opened weaker against its US counterpart on Wednesday, falling to a new 44-month low amid stronger-than-expected US economic data, industry watchers said. According to an Automatic Data Processing Inc. (ADP) report, US private sector jobs increased by 238,000 in December, making it the […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 7 – The Canadian dollar closed sharply lower on Tuesday, losing more than a cent against its US counterpart. The Canadian dollar’s drop was linked to a combination of disappointing Canadian trade data, and surprisingly strong trade data from the US, analysts said. Statistics Canada reported that Canada’s […] Read more

By Commodity News Service Canada Winnipeg, January 7 – The Canadian dollar was significantly weaker against its US counterpart at midday Tuesday, dropping close to a full cent amid weaker-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, Canada’s trade deficit with the world went from C$908 million in October to C$940 million […] Read more

By Commodity News Service Canada Winnipeg, January 7 – The Canadian dollar opened significantly lower against its US counterpart on Tuesday, undermined by weaker-than- expected Canadian economic data, industry watchers said. According to Statistics Canada, Canada’s trade deficit with the world went from C$908 million in October to C$940 million in November, as imports increased […] Read more

By Commodity News Service Canada Winnipeg, January 6 – The Canadian dollar closed lower against its US counterpart on Monday, as Sunday’s comments from Canadian Finance Minister Jim Flaherty regarding the loonie were bearish, participants said. According to reports, Flaherty said there could be further softening seen in the value of the Canadian dollar, which […] Read more

By Commodity News Service Canada Winnipeg, January 6 – The Canadian dollar was weaker against its US counterpart at midday Monday, undermined by comments from Canadian Finance Minister Jim Flaherty on Sunday regarding the loonie, market watchers said. According to reports, Flaherty said there could be further softening seen in the value of the Canadian […] Read more

By Commodity News Service Canada Winnipeg, January 6 – The Canadian dollar opened weaker against its US counterpart on Monday, undermined by Sunday’s comments from Canadian Finance Minister Jim Flaherty regarding the loonie, industry watchers said. According to the report, Flaherty said there could be further softening seen in the value of the Canadian dollar, […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 3 – The Canadian dollar closed higher against the US dollar on Friday, with gains seen in gold prices helping to support the currency, traders said. Quiet holiday related trade activity and a lack of fresh news helped to exaggerate the move to the upside, analysts added. However, […] Read more

By Commodity News Service Canada Winnipeg, January 3 – The Canadian dollar was significantly stronger against its US counterpart at midday Friday, as a lack of fresh economic news throughout the week has the loonie trading in a narrow range, industry watchers said. The Canadian dollar did get bumped higher from the gains seen by […] Read more