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By Commodity News Service Canada Winnipeg, July 24 – The Canadian dollar closed weaker against its US counterpart on Wednesday, undermined by significantly lower crude oil prices caused by a Chinese report showing a slowdown in the country’s manufacturing sector, analysts said. According to a HSBC survey, China’s manufacturing is at an 11-month low in […] Read more

By Commodity News Service Canada Winnipeg, July 24 – The Canadian dollar was weaker against its US counterpart at midday Wednesday, undermined by a Chinese report showing a slowdown in the country’s manufacturing sector, which has led to a decline in crude oil prices, market analysts said. According to a HSBC survey, China’s manufacturing is […] Read more

By Commodity News Service Canada Winnipeg, July 24 – The Canadian dollar opened slightly stronger against its US counterpart for a fifth consecutive day on Wednesday, after the biggest three year gain in retail sales sparked bets for faster economic growth this year, market watchers said. Retail sales increased 1.9% in May, which was significantly […] Read more

By Commodity News Service Canada WINNIPEG, July 23 – The Canadian dollar strengthened more than half a cent against its US counterpart on Tuesday, underpinned by better than expected Canadian retail sales data, analysts said. According to Statistics Canada, retail sales rose 1.9% to C$40.4 billion in May, the largest monthly increase since March 2010. […] Read more

By Commodity News Service Canada Winnipeg, July 23 – The Canadian dollar was higher against its US counterpart at midday Tuesday, boosted by positive Canadian retail sales data for May. Retail sales increased 1.9% to C$40.4 billion in May, which was the largest rate of growth since March 2010, according to Statistics Canada. The gain […] Read more

By Commodity News Service Canada Winnipeg, July 23 – The Canadian dollar opened stronger against its US counterpart on Tuesday, underpinned by better-than-expected retail sales data for May. According to Statistics Canada, retail sales rose 1.9% to C$40.4 billion in May, making it the largest rate of growth since March 2010. Economists had originally forecast […] Read more

By Commodity News Service Canada WINNIPEG, July 22 – The Canadian dollar strengthened against its US counterpart on Monday, lifted by sharply higher gold prices, analysts said. The Canadian currency was quoted at US$0.9667, or US$1=C$1.0344 at the close on Monday, which compares with Friday’s North American close of US$0.9468, or US$=C$1.0367. General weakness in […] Read more

By Commodity News Service Canada Winnipeg, July 22 – The Canadian dollar was higher against its US counterpart at midday Monday, underpinned by weaker US home sales data, market watchers said. A report released on Monday showed that existing US home sales fell by 1.2% in June, which is significantly lower than the 1.4% rise […] Read more

By Commodity News Service Canada Winnipeg, MB, July 22 – The Canadian dollar opened higher against its US counterpart on Monday, underpinned by last week’s comments from US Federal Reserve Chairman Ben Bernanke, who said the Fed was in no hurry to end monetary stimulus. Gains in commodities, including crude oil, copper and gold, added […] Read more

By Commodity News Service Canada Winnipeg, July 19 – The Canadian dollar was higher than its US counterpart at midday Friday, underpinned by new Canadian data showing that inflation was under control in June, market watchers said. According to Statistics Canada, core inflation rose by 1.3 percent on a year-over-year basis in June. Despite it […] Read more