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By Commodity News Service Canada Winnipeg, December 20 – The Canadian dollar was weaker against its US counterpart at midday Friday, undermined by weaker-than-expected Canadian economic data and positive growth seen in the US economy, industry watchers said. According to Statistics Canada, retail sales in October were down 0.1% to C$40.72 billion, which was below […] Read more

By Commodity News Service Canada Winnipeg, December 20 – The Canadian dollar opened weaker against its US counterpart on Friday, undermined by weaker-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, retail sales in October were down 0.1% to C$40.72 billion, which was below the 0.2% gain economists were expecting. Statistics Canada also […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 19 – The Canadian dollar closed firmer against its US counterpart on Thursday, seeing a corrective bounce after falling to a three-year low. Some support came from expectations that the US Federal Reserve will keep interest rates low for longer while they taper out of stimulus, analysts said. […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 19 – The Canadian dollar closed firmer against its US counterpart on Thursday, seeing a corrective bounce after falling to a three-year low. Some support came from expectations that the US Federal Reserve will keep interest rates low for longer while they taper out of stimulus, analysts said. […] Read more

By Commodity News Service Canada Winnipeg, December 19 – The Canadian dollar was slightly stronger against its US counterpart at midday Thursday, despite Wednesday’s decision by the US Federal Reserve to begin tapering of asset purchases starting in January, industry watchers said. The Fed said it will be cutting US$10 billion off of their US$85 […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 18 – The Canadian dollar closed sharply lower against its US counterpart following the US Federal Reserve’s announcement Wednesday. The US Federal Reserve announced they will start to ease stimulus measures starting in January 2014. They will cut their bond purchases down by US$10 billion, to $75 billion […] Read more

By Commodity News Service Canada Winnipeg, December 18 – The Canadian dollar was weaker against its US counterpart at midday Wednesday, as traders positioned themselves ahead of this afternoon’s US Federal Reserve policy statement, industry watchers said. Despite some concerns that the Fed could start tapering as early as today, most economists believe the Fed […] Read more

By Commodity News Service Canada Winnipeg, December 18 – The Canadian dollar opened weaker against its US counterpart on Wednesday, as traders positioned themselves ahead of the US Federal Reserve’s policy statement in the afternoon, industry watchers said. Despite some concerns that the Fed could start tapering as early as today, most economists believe the […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 17 – The Canadian dollar closed weaker against the US dollar on Tuesday amid nervousness ahead of Wednesday’s US Federal Reserve announcement, analysts said. It is generally expected that the US Federal Reserve won’t back out of stimulus programs until next year, but it is possible that they […] Read more

By Commodity News Service Canada Winnipeg, December 17 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as traders continue to position themselves ahead of the US Federal Reserve’s policy statement on Wednesday, industry watchers said. Losses seen in commodities, including gold, copper and crude oil, were bearish for the loonie. […] Read more