Archives

By Commodity News Service Canada Winnipeg, September 18 – The Canadian dollar closed stronger against its US counterpart on Wednesday, underpinned by news that the US Federal Reserve had decided to not slow its monetary stimulus yet, analysts said. According to industry watchers, the Fed said it needs to see more improvement in the US […] Read more

By Commodity News Service Canada Winnipeg, September 18 – The Canadian dollar was weaker against its US counterpart on Wednesday, as traders await to see if the US Federal Reserve will slow its monetary stimulus during today’s policy meeting, industry watchers said. Fed Chairman Ben Bernanke is set to make an announcement this afternoon at […] Read more

By Commodity News Service Canada Winnipeg, September 17 – The Canadian dollar closed stronger against its US counterpart on Tuesday, as positive Canadian economic data gave the loonie a boost, industry watchers said. According to Statistics Canada, manufacturing sales were up 1.7% in July to C$49.5 billion. July’s gains were significantly higher than the 0.5% […] Read more

By Commodity News Service Canada Winnipeg, September 17 – The Canadian dollar was stronger against its US counterpart at midday Tuesday, underpinned by favourable Canadian economic data, industry watchers said. Statistics Canada reported that manufacturing sales increased 1.7% to C$49.5 billion in July, which was significantly higher than the 0.5% gain economists were expecting. Weaker-than-expected […] Read more

By Commodity News Service Canada Winnipeg, September 17 – The Canadian dollar opened stronger against its US counterpart on Tuesday, underpinned by stronger-than- expected Canadian economic data, industry watchers said. According to Statistics Canada, manufacturing sales were up 1.7% in July to C$49.5 billion, following a 0.1% drop in June. July’s increase was much higher […] Read more

By Commodity News Service Canada Winnipeg, September 16 – The Canadian dollar closed stronger against its US counterpart on Monday, underpinned by news that Lawrence Summers decided to leave the race to replace US Federal Reserve Chairman Ben Bernanke when he departs, analysts said. Further strength came from a Statistics Canada report that said foreign […] Read more

By Commodity News Service Canada Winnipeg, September 16 – The Canadian dollar was stronger against its US counterpart at midday Monday, underpinned by news that former US Treasury Secretary Lawrence Summers has withdrawn from the race to replace US Federal Reserve Chairman Ben Bernanke when he departs, industry watchers said. Statistics Canada reported that foreign […] Read more

By Commodity News Service Canada Winnipeg, September 16 – The Canadian dollar was stronger against its US counterpart on Monday, underpinned by reports that Lawrence Summers has decided to withdraw from the race to replace US Federal Reserve Chairman Ben Bernanke when he departs, industry watchers said. Further strength came from a Statistics Canada report […] Read more

By Commodity News Service Canada WINNIPEG, September 13 – The Canadian dollar eased against its US counterpart on Friday, undermined by spillover pressure from the losses seen in gold prices, analysts said. The Canadian currency was quoted at US$0.9685, or US$1=C$1.0325 at the close on Friday, which compares with Thursday’s North American close of US$0.9665, […] Read more

By Commodity News Service Canada Winnipeg, September 13 – The Canadian dollar was weaker against its US counterpart at midday Friday, undermined by concerns that the US Federal Reserve could decide to slow its monetary stimulus at next week’s policy meeting, industry watchers said. Further downward pressure came from a Statistics Canada report that said […] Read more