Archives

By Commodity News Service Canada Winnipeg, October 29 – The Canadian dollar opened slightly stronger against its US counterpart on Tuesday, amid mixed Canadian and US economic data, market watchers said. The loonie received some strength from poor US retail sales data, analysts said. According to the US Department of Commerce, sales were down 0.1% […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 28 – The Canadian dollar was slightly firmer compared to its US counterpart on Monday, recovering from last week’s weakness when the Canadian dollar lost more than 1.5 cents over a three day period. The Canadian currency was quoted at US$0.9574 or US$1=C$1.0445 at the close on Monday, […] Read more

By Commodity News Service Canada Winnipeg, October 28 – The Canadian dollar strengthened against its US counterpart at midday Monday, underpinned by reports that the US Federal Reserve will likely decide to not slow its monetary stimulus during this week’s two-day policy meeting, market watchers said. According to traders, economic uncertainty due to the 16-day […] Read more

By Commodity News Service Canada Winnipeg, October 28 – The Canadian dollar opened stronger against its US counterpart on Monday, underpinned by ideas that the US Federal Reserve will decide not to slow its monetary stimulus during this week’s policy meeting, industry watchers said. According to analysts, the Fed is unlikely to slow their bond […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 25 – The Canadian dollar was weaker compared to its US counterpart for the third straight day on Friday, losing more than a quarter of a cent against its US counterpart. The Canadian dollar continued to move lower in reaction to Wednesday’s unexpected Bank of Canada announcement that […] Read more

By Commodity News Service Canada Winnipeg, October 25 – The Canadian dollar was weaker against its US counterpart at midday Friday, extending its losses for a third consecutive day following Wednesday’s Bank of Canada announcement that said inflation rates would remain below their 2% target longer than expected, industry watchers said. Reports that China’s central […] Read more

By Commodity News Service Canada Winnipeg, October 25 – The Canadian dollar opened weaker against its US counterpart on Friday, undermined by Wednesday’s Bank of Canada announcement that said inflation rates would remain below their 2% target longer than originally thought, market watchers said. Concerns that China’s central bank could raise interest levels in the […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 24 – The Canadian dollar was sharply weaker compared to its US counterpart again on Thursday, losing more than a third of a cent and dropping below 96 cents US. The Canadian currency was quoted at US$0.9592 or US$1=C$1.0425 at the close on Thursday, which compares with Wednesday’s […] Read more

By Commodity News Service Canada Winnipeg, October 24 – The Canadian dollar was weaker against its US counterpart at midday Thursday, undermined by Wednesday’s Bank of Canada policy statement where it was announced that inflation will remain below 2% until the end of 2015, a full two quarters longer than their forecast in July, industry […] Read more

By Commodity News Service Canada Winnipeg, October 24 – The Canadian dollar opened weaker against its US counterpart on Thursday, undermined by favourable US economic data and weaker-than-expected Canadian economic data, market watchers said. According to the US Department of Labour, jobless claims during the week ended October 19 were down 12,000 to a seasonally […] Read more