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By Commodity News Service Canada Winnipeg, November 1 – The Canadian dollar was weaker against its US counterpart at midday Friday, reversing gains seen in the previous session due to stronger-than-expected US manufacturing data, industry watchers said. The Institute for Supply Management reported that the manufacturing purchasing managers’ index (PMI) moved to 56.4 points in […] Read more

By Commodity News Service Canada Winnipeg, November 1 – The Canadian dollar opened weaker against its US counterpart on Friday, reversing the previous session’s gains due to a lack of fresh US or Canadian economic news to end the week, industry watchers said. Losses seen in commodities, including gold and crude oil, were bearish. However, […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 31 – The Canadian dollar moved higher against the US dollar on Thursday, gaining more than half a cent from Wednesday’s close. Much of the Canadian dollar’s strength was linked to better than expected Canadian gross domestic product (GDP) data. Statistics Canada reported that GDP increased by 0.3% […] Read more

By Commodity News Service Canada Winnipeg, October 31 – The Canadian dollar moved higher against its US counterpart at midday Thursday, underpinned by strong Canadian economic data, market watchers said. Statistics Canada reported that the gross domestic product was up 0.3% in August, surpassing economists’ expectations of 0.1% increase. Further strength came from a second […] Read more

By Commodity News Service Canada Winnipeg, October 31 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by better-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, the gross domestic product for August was up 0.3%, which was above economists’ expectations of a 0.1% gain. Further strength came from […] Read more

Canadian forex review: C$ closes lower By Commodity News Service Canada WINNIPEG, Oct. 30 – The Canadian dollar moved lower against its US counterpart again on Wednesday, with total losses now at 1.75 cents since the Bank of Canada unexpectedly said they wouldn’t raise interest rates in the country for longer than anticipated on October […] Read more

By Commodity News Service Canada Winnipeg, October 30 – The Canadian dollar was slightly stronger against its US counterpart at midday Wednesday, as traders await this afternoon’s policy statement from the US Federal Reserve, industry watchers said. According to analysts, it’s expected that the Fed will delay slowing its monetary stimulus this month, due to […] Read more

By Commodity News Service Canada Winnipeg, October 30 – The Canadian dollar opened stronger against its US counterpart on Wednesday, as traders look ahead to the US Federal Reserve’s policy statement in the afternoon, market watchers said. It’s widely expected that the Fed will announce that it will not slow its monetary stimulus in October, […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 29 – The Canadian dollar was weaker compared to its US counterpart on Tuesday, undermined by comments from Bank of Canada Governor Stephen Poloz that stimulus measures will remain in place for a longer period of time in Canada, analysts said. The Canadian currency was quoted at US$0.9551 […] Read more

By Commodity News Service Canada Winnipeg, October 29 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, undermined by poor Canadian economic data, market watchers said. According to Statistics Canada, the industrial producer price index (IPPI) declined 0.3% in September, which was lower than the 0.1% decrease economists’ expected. Losses seen […] Read more