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By Commodity News Service Canada Winnipeg, December 3 – The Canadian dollar opened weaker against its US counterpart on Tuesday, as traders position themselves ahead of Wednesday’s Bank of Canada (BoC) policy statement, where it is expected that the BoC will keep their overnight rate at one per cent, industry watchers said. Concerns that the […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 2 – The Canadian dollar closed lower against the US dollar Monday, falling below 94 cents US. Some of the weakness was linked to bearish US and Chinese manufacturing data, analysts said. The Canadian currency was quoted at US$0.9398 or US$1=C$1.0641 at the close on Monday, which compares […] Read more

By Commodity News Service Canada Winnipeg, December 2 – The Canadian dollar was weaker against its US counterpart at midday Monday, falling to a two-year low earlier in the session amid stronger-than-expected US economic data, industry watchers said. Markit Economics said their US manufacturing purchasing managers’ index increased from 51.8 in October to 54.7 in […] Read more

By Commodity News Service Canada Winnipeg, December 2 – The Canadian dollar opened weaker against its US counterpart on Monday, falling to a two-year low early in the session as better-than-expected US economic data was bearish, market watchers said. Markit Economics said their US manufacturing purchasing managers’ index for November rose to 54.7 from 51.8 […] Read more

By Commodity News Service Canada Winnipeg, November 29 – The Canadian dollar was weaker against its US counterpart at midday Friday, despite stronger-than-expected Canadian economic data, market watchers said. The loonie was pressured by expectations that the Bank of Canada (BoC) will take longer to slow their monetary stimulus than the US Federal Reserve, analysts […] Read more

By Commodity News Service Canada Winnipeg, November 29 – The Canadian dollar opened close to unchanged against its US counterpart on Friday, despite better-than- expected Canadian economic data, industry watchers said. According to Statistics Canada, the third-quarter gross domestic product grew at an annualized rate of 2.7%, which was above trade expectations of a 2.5% […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 28 – The Canadian dollar closed slightly firmer against the US dollar on Thursday amid quiet activity as US markets were closed for their Thanksgiving holiday. The Canadian currency was quoted at US$0.9446 or US$1=C$1.0587 at the close on Thursday, which compares with Wednesday’s North American settlement of […] Read more

By Commodity News Service Canada Winnipeg, November 28 – The Canadian dollar moved higher against its US counterpart at midday Thursday, underpinned by favourable Canadian economic data, industry watchers said. Statistics Canada reported that the current deficit narrowed by C$0.5 billion to C$15.5 billion in the third-quarter of 2013. Strength seen in commodities, including gold […] Read more

By Commodity News Service Canada Winnipeg, November 28 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by favourable Canadian economic data, industry watchers said According to a Statistics Canada report, the current deficit narrowed by C$0.5 billion in the third-quarter to C$15.5 billion. Gains seen in commodities, including gold and […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 27 – The Canadian dollar closed sharply lower on Wednesday, with much of the weakness linked to the drop seen in crude oil prices, analysts said. The Canadian currency was quoted at US$0.9438 or US$1=C$1.0595 at the close on Wednesday, which compares with Tuesday’s North American settlement of […] Read more