Currency Markets

By Commodity News Service Canada WINNIPEG, March 4 – The Canadian dollar closed sharply higher against the US dollar Wednesday, gaining nearly half a cent after the Bank of Canada decided to keep interest rates unchanged at 0.75 per cent. The central banked also noted that financial conditions have improved since the rate cut made […] Read more

By Commodity News Service Canada Winnipeg, March 4 – The Canadian dollar moved higher against the US dollar at midday Wednesday, reacting to news that the Bank of Canada is keeping interest rates unchanged at 0.75 per cent, analysts said. In the weeks prior to Wednesday morning’s announcement, some traders feared the central bank would […] Read more

By Commodity News Service Canada Winnipeg, March 4 – The Canadian dollar was lower against its American counterpart Wednesday morning, as investors waited to hear an announcement later this morning from the Bank of Canada. Most analysts believe the central bank will hold interest rates steady after cutting the rate by a quarter of a […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The Canadian dollar closed stronger relative to the US dollar on Tuesday, underpinned by positive Canada economic growth data, analysts said. Statistics Canada reported real gross domestic product (GDP) grew 0.6 per cent in the final quarter of 2014. In December, GDP grew 0.3 per cent, […] Read more

By Commodity News Service Canada Winnipeg, March 3 – The Canadian dollar was stronger against the US dollar at midsession Tuesday, reacting to better than expected domestic economic growth data, analysts said. Statistics Canada reported real gross domestic product (GDP) grew 0.6 per cent in the final quarter of 2014. In December, GDP grew 0.3 […] Read more

By Commodity News Service Canada Winnipeg, March 3 – The Canadian dollar was higher against its American counterpart Tuesday morning, on the heels of a report about the Canadian economy, which was generally positive. At 8:45 CST Tuesday morning, the loonie was up 0.0049 of a cent to US$0.8024 or US$1 = C$1.2462. According to […] Read more

By Commodity News Service Canada WINNIPEG, March 2 – The Canadian dollar closed lower against the US dollar on Monday, undermined by soft Canadian economic data, analysts said. Statistics Canada said the current account deficit for Canada in the fourth-quarter totalled a shortfall of C$13.9 billion, while expectations called for only a C$12.5 billion deficit. […] Read more

By Commodity News Service Canada Winnipeg, March 2 – The Canadian dollar was softer relative to the US dollar at midday Monday, as traders squared positions ahead of Wednesday’s Bank of Canada interest rate announcement. Sentiment is that the Bank of Canada will likely keep interest rates unchanged. Market watchers initially thought the central bank […] Read more

By Commodity News Service Canada Winnipeg, March 2 – The Canadian dollar was lower against its American counterpart Monday morning, as new data from China shows the country’s manufacturing sector contracted for a second month in a row. At 8:50 CST Monday morning, the loonie was down 0.0015 of a cent to US$0.7981 or US$1 […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 27 – The Canadian dollar closed slightly stronger relative to the US dollar on Friday, finding some spillover support from the gains seen in crude oil, analysts said. The Canadian dollar closed at US$0.7998 or US$1=C$1.2503 on Friday, which compares with Thursday’s North American settlement of US$0.7983 or […] Read more