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By Commodity News Service Canada Winnipeg, October 8 – The Canadian dollar opened lower against its US counterpart on Tuesday, undermined by weaker-than-expected Canadian economic data, market watchers said. According to a Statistics Canada report, Canada’s trade deficit widened to C$1.31 billion in August, up from C$1.19 billion in July. Economists had forecast the deficit […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 7 – The Canadian dollar eased against its US counterpart on Monday, undermined by disappointing Canadian economic data. According to Statistics Canada, building permits were down 21.2% in August, following a 21.4% increase in July. Pre-report expectations called for a 7.4% decrease in August. The Canadian currency was […] Read more

By Commodity News Service Canada Winnipeg, October 7 – The Canadian dollar was weaker against its US counterpart at midday Monday, undermined by poor Canadian economic data, industry watchers said. Statistics Canada reported that building permits declined in August by 21.2%, which was significantly worse than the 7.4% drop that economists’ expected. August’s decrease followed […] Read more

By Commodity News Service Canada Winnipeg, October 7 – The Canadian dollar opened lower against its US counterpart on Monday, undermined by weaker-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, building permits were down 21.2% in August, following a 21.4% increase in July. The decline was significantly lower than the 7.4% decrease […] Read more

By Commodity News Service Canada Winnipeg, Oct. 4 – The Canadian dollar was stronger compared to its US counterpart on Friday, lifted by spillover support from the gains seen in crude oil and copper, analysts said. The Canadian currency was quoted at US$0.9716 or US$1=C$1.0292 at the close on Friday, which compares with Thursday’s North […] Read more

By Commodity News Service Canada Winnipeg, October 4 – The Canadian dollar was stronger against its US counterpart at midday Friday, underpinned by Canadian economic data that showed improvement in purchasing activity, industry watchers said. Canada’s Ivey Purchasing Managers Index was up from 51.0 in August to 51.9 in September. Despite being lower than economists’ […] Read more

By Commodity News Service Canada Winnipeg, October 4 – The Canadian dollar opened flat against its US counterpart on Friday, due to a lack of fresh economic news, industry watchers said. The loonie remained in a narrow trading range as the partial shutdown of the US government entered its fourth day, analysts said. US nonfarm […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 3 – The Canadian dollar was firmed slightly against its US counterpart on Thursday, though traders were still being cautious due to the US government shutdown, analysts said. The Canadian currency was quoted at US$0.9684 or US$1=C$1.0326 at the close on Thursday, which compares with Wednesday’s North American […] Read more

By Commodity News Service Canada Winnipeg, October 3 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by positive economic data, industry watchers said. According to the Department of Finance Canada, Canada’s international reserves increased in September by US$1.464 billion to US71.392 billion. The loonie remains in a narrow trading […] Read more

By Commodity News Service Canada Winnipeg, October 3 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by favourable Canadian economic data, industry watchers said. According to the Department of Finance Canada, Canada’s international reserves increased by US$1.464 billion in September to US$71.392 billion, which is up from US$69.928 billion in […] Read more