Currency Markets

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

By Commodity News Service Canada Winnipeg, February 27 – The Canadian dollar was slightly higher against its American counterpart at midday Friday, due to advances in crude oil prices and disappointing US economic data. The loonie was at US$0.7995 or US$1 = C$1.2507 at 11:55 CST Friday morning. US gross domestic product grew at an […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 27 The Canadian dollar was firmer relative to the US dollar Friday morning, following the advances seen in crude oil values, analysts said. At 9:00 CST Friday, the Canadian dollar was at US$0.8007 or US$=C$1.2489, which compares with Thursday’s North American close of US$0.7983 or US$1=C$1.2527. General weakness […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 26 – The Canadian dollar closed sharply lower against the US dollar on Thursday, falling back below the 80 cents US mark. A sharp drop in crude oil values was behind the softness, as it reinforced worries that weak oil prices are slowing Canadian economic growth, analysts said. […] Read more

By Commodity News Service Canada Winnipeg, February 26 – The Canadian dollar was lower against its American counterpart at midday Thursday, weighed down by losses in crude oil. The loonie was at US$0.7990 or US$1 = C$1.2515 at 11:45 CST Thursday morning. Canada’s annual inflation rate dropped from 1.5 percent in December to just 1 […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 26 The Canadian dollar eased against the US dollar Thursday morning, reacting to news that Canadian inflation fell last month, analysts said. The consumer price index dropped by 0.2 per cent in January, mainly due to the weakness seen in crude oil and the resulting lower gas prices, […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 25 – The Canadian dollar closed stronger relative to the US dollar on Wednesday, gaining almost half a cent. Strength in crude oil values spilled over to underpin the Canadian dollar, market watchers said. The Canadian dollar closed at US$0.8050 or US$1=C$1.2423 on Wednesday, which compares with Tuesday’s […] Read more

By Commodity News Service Canada Winnipeg, February 25 – The Canadian dollar was higher against its American counterpart at midday Wednesday, after the Bank of Canada indicated it wasn’t looking to adjust the interest rate anytime soon. The loonie was at US$0.8041 or US$1 = C$1.2436 at 11:40 CST Wednesday morning. The central bank’s governor […] Read more