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By Commodity News Service Canada WINNIPEG, Dec. 27 – The Canadian dollar closed sharply lower against its US counterpart on Friday amid quiet holiday activity. The Canadian currency closed at US$0.9342 or US$1=C$1.0704 on Friday, which compares with Tuesday’s North American settlement of US$0.9417 or US$=C$1.0619. Canadian markets were closed Wednesday and Thursday for Christmas […] Read more

By Commodity News Service Canada Winnipeg, December 27 – The Canadian dollar was significantly weaker against its US counterpart at midday Friday, amid light trading following the Christmas and Boxing Day holidays, market watchers said. Weighing on the value of the loonie was the Bank of Canada’s (BoC) recent projection to keep interest rates low […] Read more

By Commodity News Service Canada Winnipeg, December 27 – The Canadian dollar opened weaker against its US counterpart on Friday, amid a lack of fresh Canadian economic data following the Christmas and Boxing Day holidays, industry watchers said. Weighing on the value of the loonie was the Bank of Canada’s (BoC) recent projection to keep […] Read more

By Commodity News Service Canada Winnipeg, December 24 – The Canadian dollar closed lower against its US counterpart on Tuesday, as trading was quiet ahead of the Christmas and Boxing Day holidays, industry watchers said. The loonie was weakened by stronger-than-expected US economic data, participants said. According to the US Department of Commerce, orders for […] Read more

By Commodity News Service Canada Winnipeg, December 24 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as trading was relatively quiet ahead of the Christmas and Boxing Day holidays, market watchers said. The loonie was weakened by stronger-than-expected US economic data, participants said. According to the US Department of Commerce, […] Read more

By Commodity News Service Canada Winnipeg, December 24 – The Canadian dollar opened weaker against its US counterpart on Tuesday, amid quiet trading ahead of the Christmas and Boxing Day holidays, industry watchers said. Stronger-than-expected US economic data did create some weakness for the loonie, analysts said. According to the US Department of Commerce, orders […] Read more

By Commodity News Service Canada Winnipeg, December 23 – The Canadian dollar closed stronger against its US counterpart on Monday, underpinned by favourable Canadian economic data, participants said. According to Statistics Canada, the gross domestic product grew by 0.3% in October, beating expectations of a 0.2% increase. StatsCan also reported that the average weekly earnings […] Read more

By Commodity News Service Canada Winnipeg, December 23 – The Canadian dollar was stronger against its US counterpart at midday Monday, underpinned by better-than- expected Canadian economic data ahead of Christmas, industry watchers said. According to Statistics Canada, the gross domestic product grew 0.3% in October, beating economists’ expectations of a 0.2% increase. Statistics Canada […] Read more

By Commodity News Service Canada Winnipeg, December 23 – The Canadian dollar opened stronger against its US counterpart on Monday, underpinned by better-than- expected Canadian economic data, industry watchers said. According to Statistics Canada, the gross domestic product grew by 0.3% in October, beating trade expectations of a 0.2% increase. Statistics Canada also reported that […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 20 – The Canadian dollar closed firmer against its US counterpart on Friday, as investors were taking profits on their short positions ahead of the holiday season, analysts said. The Canadian currency closed at US$0.9391 or US$1=C$1.0648 on Friday, which compares with Thursday’s North American settlement of US$0.9376 […] Read more