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By Commodity News Service Canada WINNIPEG, September 9 – The Canadian dollar strengthened against its US counterpart on Monday, underpinned by recent strong Canadian economic data. According to Statistics Canada, contractors took out building permits worth C$8.0 billion in July, up 20.7% from June. Statistics Canada also reported strong employment data on Friday, which showed […] Read more

By Commodity News Service Canada Winnipeg, September 9 – The Canadian dollar was higher against its US counterpart at midday Monday, underpinned by stronger-than-expected building permits data, industry watchers said. According to a Statistics Canada report, building permits were up 20.7% in July, which was significantly higher than the 3.5% gain that economists were expecting. […] Read more

By Commodity News Service Canada Winnipeg, September 9 – The Canadian dollar opened stronger against its US counterpart on Monday, underpinned by favourable Canadian economic data, industry watchers said. Statistics Canada reported that building permits were up 20.7% in July, with the total value of permits up for the sixth time in seven months. The […] Read more

By Commodity News Service Canada Winnipeg, September 6 – The Canadian dollar was up over a cent against its US counterpart at midday Friday, underpinned by favourable Canadian jobs data, industry watchers said. Statistics Canada reported that the economy created 59,200 jobs in August, which was significantly higher than the 20,000 job increase that economists […] Read more

By Commodity News Service Canada Winnipeg, September 6 – The Canadian dollar opened close to a cent higher against its US counterpart on Friday, underpinned by stronger- than-expected Canadian jobs data, industry watchers said. According to Statistics Canada, the economy created 59,200 jobs in August, which was much higher than the 20,000 job increase economists […] Read more

By Commodity News Service Canada WINNIPEG, September 5 – The Canadian dollar eased against the US dollar on Thursday, undermined by positive US employment data which reinforced ideas that the US Federal Reserve will start tapering stimulus programs soon, analysts said. According to the US government, the number of US jobless claims fell by 9,000 […] Read more

By Commodity News Service Canada Winnipeg, September 5 – The Canadian dollar was lower against its US counterpart at midday Thursday, undermined by positive US employment data, industry watchers said. According to reports, US jobless claims during the week ended August 31 decreased by 9,000 to a seasonally adjusted 323,000. Further weakness came from an […] Read more

By Commodity News Service Canada Winnipeg, September 5 – The Canadian dollar opened slightly stronger against its US counterpart on Thursday, as traders look ahead to tomorrow’s August jobs report, market watchers said. According to economists, the report is expected to show that the Canadian economy created 20,000 jobs in August, after seeing declines in […] Read more

By Commodity News Service Canada WINNIPEG, September 4 – The Canadian dollar was stronger compared to its US counterpart on Wednesday, as the Bank of Canada left its interest rates unchanged, which was expected. The Canadian currency was quoted at US$0.9531, or US$1=C$1.0492 at the close on Wednesday, which compares with Tuesday’s North American close […] Read more

By Commodity News Service Canada Winnipeg, September 4 – The Canadian dollar was significantly higher against its US counterpart at midday Wednesday, after the Bank of Canada announced that it would keep its overnight rate at 1%, industry watchers said. However, weak Canadian economic data did stop further gains, analysts said. Statistics Canada reported that […] Read more