Archives

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar was stronger against its US counterpart at midday Wednesday, underpinned by Tuesday’s announcement from Finance Minister Jim Flaherty, who said the federal government is expected to post a budget surplus in 2015, market watchers said. According to Flaherty, there will be a C$3.7 […] Read more

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar opened slightly stronger against its US counterpart on Wednesday, rising from a two- month low after Finance Minister Jim Flaherty said on Tuesday afternoon that the federal government will post a budget surplus in 2015, industry watchers said. According to Flaherty, there will […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 12 – The Canadian dollar closed lower against the US dollar on Tuesday, as expectations that the US Federal Reserve will back out of stimulus programs soon, due to the recovery of the US economy, weighed on its value. The Canadian currency was quoted at US$0.9530 or US$1=C$1.0493 […] Read more

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, undermined by ideas that recent strong US economic data could lead the US Federal Reserve to slowing its monetary stimulus before the end of 2013, industry watchers said. Losses seen in commodities, including gold, […] Read more

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar opened slightly weaker against its US counterpart on Tuesday, as last Friday’s strong US jobs report has traders concerned that the US Federal Reserve could slow its monetary stimulus before 2014, industry watchers said. Losses seen in commodities, including crude oil, gold and […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 8 – The Canadian dollar closed lower against the US dollar Friday, with better than expected US employment data behind some of the selling, analysts said. The US economy created 204,000 new jobs in October, up from 148,000 the previous month and above expectations of 120,000 new jobs. […] Read more

By Commodity News Service Canada Winnipeg, November 8 – The Canadian dollar was weaker against its US counterpart at midday Friday, undermined by stronger-than-expected US economic data that could lead the US Federal Reserve to slowing its monetary stimulus before the end of 2013, market watchers said. The US Department of Labour reported that 204,000 […] Read more

By Commodity News Service Canada Winnipeg, November 8 – The Canadian dollar opened weaker against its US counterpart on Friday, undermined by stronger-than-expected US jobs data, industry watchers said. According to the US Department of Labour, 204,000 jobs were created during October, which surpassed economists’ expectations of a 120,000 job increase. Losses seen in commodities, […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 7 – The Canadian dollar closed lower against the US dollar Thursday, undermined by the unexpected decision by the European Central Bank to cut interest rates, analysts said. The Canadian currency was quoted at US$0.9559 or US$1=C$1.0461 at the close on Thursday, which compares with Wednesday’s North American […] Read more

By Commodity News Service Canada Winnipeg, November 7 – The Canadian dollar was weaker against its US counterpart at midday 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 an annualized rate of 2.8%, which was stronger than the […] Read more