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By Commodity News Service Canada Winnipeg, July 15 – The Canadian dollar opened lower against its US counterpart on Monday, undermined by US retail sales data for June, market watchers said. According to analysts, US retail sales rose in June by 0.4 percent. Although it was lower than what economists had forecast, it still added […] Read more

By Commodity News Service Canada WINNIPEG, July 12 – The Canadian dollar eased slightly against its US counterpart on Friday, as Thursday’s rally was seen as overdone and in need of a downward correction, analysts said. Much of the strength in the currency on Thursday was linked to the news that the US Federal Reserve […] Read more

By Commodity News Service Canada WINNIPEG, July 12 – The Canadian dollar was slightly weaker at midday Friday, as the currency saw as bit of a correction after rallying sharply against its US counterpart on Thursday. At 11:42 CST, the Canadian dollar was trading at US$0.9620 or US$1=C$1.0395 which compares with Thursday’s close of US$0.9629 […] Read more

By Commodity News Service Canada Winnipeg, July 12 – The Canadian dollar opened slightly higher than its US counterpart on Friday, underpinned by an absence of any important domestic events, which suggests the loonie will be moved by global market developments, market watchers said. According to analysts, the Canadian dollar is expected to have a […] Read more

By Commodity News Service Canada WINNIPEG, July 11 – The Canadian dollar moved more than a cent higher against its US counterpart on Thursday. Much of the strength in the value of the Canadian dollar was linked to news from the US Federal Reserve. The government agency’s Chairman, Ben Bernanke, said that they’re not in […] Read more

By Commodity News Service Canada Winnipeg, July 11 – The Canadian dollar opened significantly higher against its US counterpart on Thursday, underpinned by comments from US Federal Reserve Chairman Ben Bernanke saying the US economy still isn’t strong enough to do without monetary stimulus. According to analysts, the release of the minutes from the Fed’s […] Read more

By Commodity News Service Canada Winnipeg, July 10 – The Canadian dollar strengthened against its US counterpart at midday Wednesday, underpinned by the greenback that weakened ahead of the afternoon release of minutes from the latest US Federal Reserve meeting, analysts said. The Fed currently buys US$85 billion in bonds each month to keep interest […] Read more

By Commodity News Service Canada Winnipeg, July 10 – The Canadian dollar opened higher against its US counterpart on Wednesday, as the greenback weakened ahead of an afternoon release of minutes from the latest US Federal Reserve meeting, market watchers said. According to analysts, the publication of minutes to the last policy meeting may provide […] Read more

By Commodity News Service Canada Winnipeg, July 9 – The Canadian dollar strengthened against its US counterpart at midday Tuesday, underpinned by stronger-than-expected Canadian housing starts data, industry watchers said. According to the Canada Mortgage and Housing Corporation, housing starts came in at an annualized rate of 199,586 units in June. That was higher than […] Read more

By Commodity News Service Canada Winnipeg, July 9 – The Canadian dollar opened higher against its US counterpart on Tuesday, despite a report showing that Canadian housing starts declined last month, market watchers said. According to Canada Mortgage and Housing Corporation, housing starts came in at an annualized rate of 199,586 units in June, which […] Read more