Currency Markets

By Commodity News Service Canada WINNIPEG, Jan. 9 – The Canadian dollar dropped nearly a quarter-of-a-cent against the US dollar Friday, reacting to weak Canadian employment data, analysts said. According to Statistics Canada, 4,300 jobs were lost from the Canadian economy in December, while the unemployment rate held steady at 6.6 per cent. Pre-report expectations […] Read more

By Commodity News Service Canada Winnipeg, January 9 – The Canadian dollar was slightly lower against its American counterpart at midday Friday, due to disappointing job numbers and housing data, traders said. The loonie was at US$0.8433 or US$1 = C$1.1858 at 11:35 CST Friday morning. Housing starts in December came at an annualized pace […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 9 The Canadian dollar was sharply lower relative to the U.S. dollar Friday morning, reacting to disappointing Canadian employment data, analysts said. Statistics Canada said 4,300 jobs were lost during the month of December, while pre-report expectations called for 10,000 new jobs. The unemployment rate remained unchanged at […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 8 – The Canadian dollar eased slightly against the US dollar on Thursday, with ongoing worries about crude oil’s recent tumble hurting Canada’s economy behind the softness, analysts said. The Canadian dollar closed at US$0.8449 or US$1=C$1.1836 on Thursday, which compares with Wednesday’s North American settlement of US$0.8460 […] Read more

By Commodity News Service Canada Winnipeg, January 8 – The Canadian dollar was slightly higher against its American counterpart at midday Thursday, as crude oil prices began to stabilize. The loonie was at US$0.8468 or US$1 = C$1.1809 at 11:45 CST Thursday morning. Housing prices in Canada rose 0.1 percent in November which is in […] Read more

By Commodity News Service Canada Winnipeg, January 8 – The Canadian dollar was slightly lower against its American counterpart Thursday morning, as investors waited to see the latest job data from the US and Canada. At 8:45 CST Thursday morning, the loonie was down 0.0006 of a cent to US$0.8444 or US$1 = C$1.1843. Oil […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 7 – The Canadian dollar was slightly higher on Wednesday, seeing a late day recovery after falling nearly 30 points earlier in the session, analysts said. A rebound in crude oil values was helping to push the loonie higher Wednesday, as were ideas that recent losses were overdone. […] Read more

By Commodity News Service Canada Winnipeg, January 7 – The Canadian dollar was lower against its American counterpart at midday Wednesday, due to dropping oil prices and bearish trade data. The loonie was at US$0.8439 or US$1 = C$1.1798 at 11:50 CST Wednesday morning. The Canadian trade deficit in November was pegged at C$644 million. […] Read more

By Commodity News Service Canada Winnipeg, January 7 – The Canadian dollar was slightly lower against its American counterpart Wednesday morning, as investors speculated about the US government’s employment report for December. At 8:55 CST Wednesday morning, the loonie was down 0.0003 of a cent to US$0.8444 or US$1 = C$1.1843. Oil prices stabilized for […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 6 – The Canadian dollar was sharply lower on Tuesday, losing more than half a cent and falling well below the 85 cents US mark. A falling crude oil market was behind the Canadian currency’s softness, with oil values falling below US$50 per barrel. The Canadian dollar closed […] Read more