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By Commodity News Service Canada Winnipeg, MB, July 19, 2013 (CNS Canada) – The Canadian dollar opened weaker than its US counterpart on Friday, undermined by Canada’s June consumer price index which came in lower than the Bank of Canada’s two percent inflation target, market watchers said. Canada’s core inflation rose by 1.3 percent on […] Read more

By Commodity News Service Canada WINNIPEG, July 18 – The Canadian dollar firmed against its US counterpart on Thursday, seeing a correction from Wednesday’s decline, analysts said. The Canadian currency was quoted at US$0.9638, or US$1=C$1.0376 at the close on Thursday, which compares with Wednesday’s North American close of US$0.9602, or US$=C$1.0414. Strength seen in […] Read more

By Commodity News Service Canada Winnipeg, July 18 – The Canadian dollar opened relatively unchanged on Thursday, undermined by better-than-expected US labour market data, market analysts said. US jobless claims fell by 24,000 to a seasonally adjusted 334,000 in the week ended July 13. That is better than the 340,000 claims economists had originally expected […] Read more

By Commodity News Service Canada WINNIPEG, July 17 – The Canadian dollar eased against its US counterpart on Wednesday, undermined by a bearish Bank of Canada interest rate announcement, analysts said. Bank of Canada governor, Stephen Poloz, announced Wednesday that the bank plans to keep interest rates unchanged, and will continue to do so until […] Read more

By Commodity News Service Canada WINNIPEG, July 17 – The Canadian dollar was weaker at midday Wednesday as the currency market reacted to the latest interest rate announcement from the Bank of Canada. At 11:55 CDT, the Canadian dollar was trading at US$0.9602 or US$1=C$1.0414 which compares with Tuesday’s close of US$0.9647 or US$=C$1.0366. The […] Read more

By Commodity News Service Canada WINNIPEG, July 16 – The Canadian dollar strengthened against its US counterpart on Tuesday, lifted by expectations that the US Federal Reserve will announce later this week that they’re in no hurry to ease out of stimulus programs, analysts said. The Canadian currency was quoted at US$0.9647, or US$1=C$1.0366 at […] Read more

By Commodity News Service Canada WINNIPEG, July 16 – The Canadian dollar was slightly stronger at midday Tuesday, recovering from earlier weakness as participants awaited Wednesday’s Bank of Canada interest rate announcement. At 11:43 CDT, the Canadian dollar was trading at US$0.9633 or US$1=C$1.0381 which compares with Monday’s close of US$0.9602 or US$=C$1.0415. The Bank […] Read more

By Commodity News Service Canada Winnipeg, July 16 – The Canadian dollar opened lower than its US counterpart on Tuesday as traders position themselves ahead of Stephen Poloz’s first interest-rate decision tomorrow since taking over as governor at the Bank of Canada, market watchers said. According to economists, Poloz will keep the benchmark interest rate […] Read more

By Commodity News Service Canada WINNIPEG, July 15 – The Canadian dollar eased against its US counterpart on Monday amid lower than expected US retail sales data, traders said. According to the US government, US retail sales rose 0.4% in June, which was lower than the expected gain of about 0.8%. The Canadian currency was […] Read more

By Commodity News Service Canada Winnipeg, July 15 – The Canadian dollar was lower than its US counterpart on Monday, undermined by US retail sales data, analysts said. Although numbers were lower-than-expected, US retail sales still rose 0.4 percent in June. Lower crude oil and copper prices put additional weight on the Canadian dollar. However, […] Read more