Currency Markets

By Commodity News Service Canada WINNIPEG, June 3 The Canadian dollar was weaker than its US counterpart Wednesday morning. Canada’s trade deficit weighed on the dollar when imports and exports fell in April. At 8:45 CDT Wednesday morning the Canadian dollar was at US$0.8018 or C$1.2472—weaker than Tuesday’s North American close of US$0.8059, or C$1.2408. […] Read more

By Commodity News Service Canada WINNIPEG, June 2 – The Canadian dollar was stronger Tuesday, seeing an upward correction following Monday’s sharp drop against the US dollar, analysts said. The Canadian dollar closed at US$0.8059 or US$1=C$1.2408 on Tuesday, which compares with Monday’s North American settlement of US$0.7978 or US$1=C$1.2535. Spillover support for the Canadian […] Read more

By Commodity News Service Canada Winnipeg, June 2 – The Canadian dollar firmed against its US counterpart at midday Tuesday, as an upward spike in crude oil buoyed the loonie. The loonie was at US$0.8075 or US$1 = C$1.2383 at 11:50 CDT Tuesday morning. Oil futures were lifted by the weaker US dollar and positive […] Read more

By Commodity News Service Canada WINNIPEG, June 2 – The Canadian dollar gained back some value in relation to the US dollar Tuesday morning, a boost which was caused in part by crude oil prices rising. At 9:00 CDT Tuesday morning the Canadian dollar was at US$0.829, or C$1.2455. The Bank of Canada’s official close […] Read more

By Commodity News Service Canada WINNIPEG, June 1 – The Canadian dollar was down sharply relative to the US dollar Monday, reacting to positive US manufacturing data, analysts said. Traders were more confident that an interest rate hike will be coming in the US after the data, which showed the US ISM manufacturing index rose […] Read more

By Commodity News Service Canada Winnipeg, June 1 – The Canadian dollar was lower against its US counterpart at midday Monday, as a lack of domestic data left the loonie vulnerable to a slump in crude oil prices. The loonie was at US$0.7969 or US$1 = C$1.2549 at 11:45 CDT Monday morning. A broad strengthening […] Read more

By Commodity News Service Canada WINNIPEG, June 1 – The Canadian dollar was weaker Monday morning relative to its US counterpart as crude oil prices fell. At 9:50 a.m. CDT Monday the Canadian dollar was at C$1.536, or US$0.797. The Bank of Canada’s official close on Friday was at C$1.2436, or US$0.8041. Crude oil was […] Read more

By Commodity News Service Canada WINNIPEG, May 29 – The Canadian dollar closed nearly unchanged against the US dollar Friday, as traders evened positions ahead of the weekend, and the end of the month, analysts said. The Canadian dollar closed at US$0.8041 or US$1=C$1.2437 on Friday, which compares with Thursday’s North American settlement of US$0.8042 […] Read more

By Commodity News Service Canada Winnipeg, May 29, – The Canadian dollar was weaker against its US counterpart at midday Friday, as disappointing first-quarter gross domestic product data weighed down the loonie. The loonie was at US$0.8021 or US$1 = C$1.2467 at 11:45 CDT Friday morning. Canada’s gross domestic product fell by 0.6% on an […] Read more

By Commodity News Service Canada Winnipeg, May 29 – The Canadian dollar was lower against its American counterpart Friday morning, after reports came out indicating Canada’s economy had shrunk during the first quarter of the year. The contraction was blamed on the slump in oil prices. At 8:55 CDT Friday morning, the loonie was down […] Read more