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By Commodity News Service Canada Winnipeg, December 6 – The Canadian dollar was weaker against its US counterpart at midday Friday, undermined by better-than-expected US economic data, industry watchers said. The US Department of Labour reported that US nonfarm payrolls increased by 203,000 in November, beating economists’ expectations of a 180,000 job increase. The unemployment […] Read more

By Commodity News Service Canada Winnipeg, December 6 – The Canadian dollar opened weaker against its US counterpart on Friday, as stronger-than-expected US economic data weighed on the loonie, industry watchers said. According to the US Department of Labour, US nonfarm payrolls increased by 203,000 in November, surpassing trade expectations of a 180,000 job increase. […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 5 – The Canadian dollar closed firmer against its US counterpart on Thursday, correcting from recent sharp declines, analysts said. The Canadian currency was quoted at US$0.9398 or US$1=C$1.0641 at the close on Thursday, which compares with Wednesday’s North American settlement of US$0.9365 or US$=C$1.0678. Positive Canadian building […] Read more

By Commodity News Service Canada Winnipeg, December 5 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by better-than- expected Canadian housing market data, industry watchers said. According to Statistics Canada, the total value of building permits for October were up 7.4%, beating economists’ expectations of just a 1.0% increase. […] Read more

By Commodity News Service Canada Winnipeg, December 5 – The Canadian dollar opened slightly weaker against its US counterpart on Thursday, undermined by stronger-than- expected US economic data, industry watchers said. According to the US Department of Commerce, the US third-quarter gross domestic product grew at a seasonally adjusted rate of 3.6%, beating trade expectations […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 4 – The Canadian dollar closed lower against the US dollar for the fourth straight session on Wednesday, undermined by a dovish statement from the Bank of Canada (BoC), analysts said. The BoC announced that they will keep their interest rates unchanged; highlighting that Canadian inflation isn’t reaching […] Read more

By Commodity News Service Canada Winnipeg, December 4 – The Canadian dollar was significantly weaker against its US counterpart at midday Wednesday, undermined by the Bank of Canada’s decision to leave their overnight rate at one per cent, industry watchers said. Better-than-expected US economic data was also weighing on the loonie, investors said. According to […] Read more

By Commodity News Service Canada Winnipeg, December 4 – The Canadian dollar opened weaker against its US counterpart on Wednesday, as traders position themselves ahead of the Bank of Canada’s (BoC) policy statement later in the morning, industry watchers said. According to investors, the BoC is expected to keep their overnight rate at one per […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 3 – The Canadian dollar closed lower against the US dollar Tuesday, continuing a recent downward trend that has seen the currency lose more than a cent against its US counterpart over the last week. The Canadian currency was quoted at US$0.9391 or US$1=C$1.0649 at the close on […] Read more

By Commodity News Service Canada Winnipeg, December 3 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as the loonie fell to a three-year low earlier in the session amid positioning ahead of Wednesday’s Bank of Canada (BoC) policy meeting, industry watchers said. According to analysts, the BoC is expected to […] Read more