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By Commodity News Service Canada Winnipeg, September 4 – The Canadian dollar opened stronger against its US counterpart on Wednesday, as traders look ahead to the Bank of Canada’s interest rate announcement later today, industry watchers said. According to economists, it’s expected that the BoC will keep its overnight rate at 1%. Gains were limited […] Read more

By Commodity News Service Canada WINNIPEG, September 3 – The Canadian dollar was unchanged compared to its US counterpart for the second trading day in a row on Tuesday. Activity was described as choppy as traders were positioning themselves ahead of the Bank of Canada’s interest rate announcement on Wednesday. The Canadian currency was quoted […] Read more

By Commodity News Service Canada Winnipeg, September 3 – The Canadian dollar was slightly lower against its US counterpart at midday Tuesday, undermined by a lack of trading activity due to no scheduled economic data releases from the US or Canada, industry watchers said. However, gains seen in commodities, including gold, crude oil and copper, […] Read more

By Commodity News Service Canada Winnipeg, September 3 – The Canadian dollar opened stronger against its US counterpart on Tuesday, underpinned by easing concerns about a possible US military strike against Syria, industry watchers said. Gains seen in commodities, including gold and copper, added to the loonie’s bullish tone. Traders are also looking ahead to […] Read more

By Commodity News Service Canada WINNIPEG, August 30 – The Canadian dollar was unchanged compared to its US counterpart on Friday, as traders were being cautious ahead of the long weekend, analysts said. Canadian and US markets will be closed on Monday for Labour Day. The Canadian currency was quoted at US$0.9497, or US$1=C$1.0530 at […] Read more

By Commodity News Service Canada Winnipeg, August 30 – The Canadian dollar was flat against its US counterpart at midday Friday, amid mixed Canadian economic data, industry watchers said. Strength was seen from a Statistics Canada report that showed the gross domestic product (GDP) at an annualized rate expanded 1.7%, which surpassed economists’ expectations, analysts […] Read more

By Commodity News Service Canada Winnipeg, August 30 – The Canadian dollar opened flat against its US counterpart on Friday, amid the release of mixed Canadian economic data, industry watchers said. The loonie found some strength from a Statistics Canada report that showed the gross domestic product (GDP) expanded 1.7% at an annualized rate, which […] Read more

By Commodity News Service Canada WINNIPEG, August 29 – The Canadian dollar moved sharply lower on Thursday, falling below 95 cents US as conflicts in Syria continued to have traders avoiding riskier assets. Some of the weakness in the value of the Canadian dollar was linked to expectations that Friday’s Canadian gross domestic product data […] Read more

By Commodity News Service Canada Winnipeg, August 29 – The Canadian dollar was significantly lower against its US counterpart at midday Thursday, undermined by positive US economic data that could lead to the US Federal Reserve slowing its monetary stimulus sooner than later, market watchers said. The US Department of Commerce reported that the US […] Read more

By Commodity News Service Canada Winnipeg, August 29 – The Canadian dollar opened weaker against its US counterpart on Thursday, undermined by poor Canadian economic data, market watchers said. According to a Statistics Canada report, Canada’s account deficit increased C$1.1 billion to C$14.6 billion in the second quarter. Further weakness came from a US Department […] Read more