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By Commodity News Service Canada Winnipeg, November 22 – The Canadian dollar opened weaker against its US counterpart on Friday, undermined by weaker-than-expected Canadian inflation data, industry watchers said. According to Statistics Canada, the year-over-year consumer price index for October rose 0.7%, which was lower than the 0.9% increase economists expected. However, strong Canadian retail […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 21 – The Canadian dollar closed sharply lower against its US counterpart on Thursday, losing almost three-quarters of a cent. Some of the weakness in the Canadian currency was linked to Bank of Canada’s (BoC) Stephen Poloz’s reiteration that the BoC will keep interest rates low for longer […] Read more

By Commodity News Service Canada Winnipeg, November 21 – The Canadian dollar was weaker against its US counterpart at midday Thursday, undermined by expectations that the US Federal Reserve could slow its monetary stimulus in the near-term, industry watchers said. According to reports, if the job market sees improvement, the Fed could start pulling back […] Read more

By Commodity News Service Canada Winnipeg, November 21 – The Canadian dollar opened weaker against its US counterpart on Thursday, undermined by Wednesday’s release of minutes from the US Federal Reserve’s October policy meeting, industry watchers said. According to reports, the Fed could begin slowing its monetary stimulus “in the coming months” if the US […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 20 – The Canadian dollar closed higher against the US dollar on Wednesday, lifted by the US Federal Reserve’s announcement that they are waiting for more strong US economic data before easing out of stimulus programs, analysts said. The Canadian currency was quoted at US$0.9572 or US$1=C$1.0447 at […] Read more

By Commodity News Service Canada Winnipeg, November 20 – The Canadian dollar was stronger against its US counterpart at midday Wednesday, underpinned by favourable Canadian wholesale sales data, industry watchers said. Statistics Canada reported that sales were up for the third consecutive month, increasing by 0.2% in September to C$49.8 billion. Gains seen in commodities, […] Read more

By Commodity News Service Canada Winnipeg, November 20 – The Canadian dollar opened stronger against its US counterpart on Wednesday, underpinned by favourable Canadian economic data, market watchers said. According to Statistics Canada, wholesale sales were up for a third consecutive month in September, increasing by 0.2% to C$49.8 billion. Weaker-than-expected US economic data was […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 19 – The Canadian dollar closed lower against the US dollar on Tuesday, with technical based selling behind some of the weakness, analysts said. The Canadian currency was quoted at US$0.9550 or US$1=C$1.0471 at the close on Tuesday, which compares with Monday’s North American settlement of US$0.9586 or […] Read more

By Commodity News Service Canada Winnipeg, November 19 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as a lack of fresh Canadian and US economic news has traders looking ahead to Wednesday’s release of minutes from the US Federal Reserve’s October policy meeting, market watchers said. A report from the […] Read more

By Commodity News Service Canada Winnipeg, November 19 – The Canadian dollar opened slightly weaker against its US counterpart on Tuesday, remaining in a narrow trading range ahead of Wednesday’s release of minutes from the US Federal Reserve’s October policy meeting, industry watchers said. Some weakness came from an Organization for Economic Cooperation and Development’s […] Read more