Currency Markets

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was lower against its American counterpart at midday Thursday, as oil prices began to approach the US$40 a barrel mark. The loonie was at US$0.7904 or US$1 = C$1.1652 at 11:50 CST Thursday morning. A new report indicated inventories of US crude were […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was lower against its American counterpart Thursday morning, as speculation rose the US Federal Reserve will hike interest rates sometime this year. At 8:40 CST Thursday morning, the loonie was down 0.0011 of a cent to US$0.7968 or US$1 = C$1.2550. The US […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 28 – The Canadian dollar moved sharply lower on Wednesday, dropping below the 80 cents US mark. Strength in the US dollar, after some investors interpreted the latest US Federal Reserve announcement as hawkish, was behind the softness. Though, other investors thought the announcement was more on the […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar was lower against its American counterpart at midday Wednesday, due to weak oil prices and revised employment data which showed the country lost more jobs in December than initially reported. The loonie was at US$0.8029 or US$1 = C$1.1245 at 11:45 CST Wednesday […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar was lower against its American counterpart Wednesday morning, amid weaker oil prices as traders looked ahead to an interest rate announcement by the US Federal Reserve. At 8:50 CST Wednesday morning, the loonie was down 0.0039 of a cent to US$0.8031 or US$1 […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 27 – The Canadian dollar moved higher relative to the US dollar on Tuesday, seeing an upward correction after many days of huge losses, analysts said. The Canadian dollar closed at US$0.8062 or US$1=C$1.2404 on Tuesday, which compares with Monday’s North American settlement of US$0.8023 or US$1=C$1.2464. Spillover […] Read more

By Commodity News Service Canada Winnipeg, January 26 – The Canadian dollar was higher against its American counterpart at midday Tuesday, as the firming oil and gold sector helped the loonie find stability amid troubling predictions. The loonie was at US$0.8053 or US$1 = C$1.1417 at 11:55 CST Tuesday morning. A report from TD Bank […] Read more

By Commodity News Service Canada Winnipeg, January 27 – The Canadian dollar was higher against its American counterpart Tuesday morning, buoyed by strength in crude oil and gold. At 8:40 CST Tuesday morning, the loonie was up 0.0049 of a cent to US$0.8065 or US$1 = C$1.2340. The loonie was noticeably stronger following five straight […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 26 – The Canadian dollar continued its downward spiral against the US dollar on Monday, dropping another quarter of a cent. The Canadian dollar closed at US$0.8023 or US$1=C$1.2464 on Monday, which compares with Friday’s North American settlement of US$0.8049 or US$1=C$1.2424. Expectations that the US Federal Reserve […] Read more

By Commodity News Service Canada Winnipeg, January 26 – The Canadian dollar was slightly higher against its American counterpart at midday Monday, as the currency sought to find a stable footing amid new forecasts by analysts. The loonie was at US$0.8044 or US$1 = C$1.1243 at 11:45 CST Monday morning. A report from TD economics […] Read more