Currency Markets

By Commodity News Service Canada Winnipeg, January 6 – The Canadian dollar was lower Tuesday morning, as oil sunk below the key US$50 a barrel mark. At 8:50 CST Tuesday morning, the loonie was down 0.0015 of a cent to US$0.8486 or US$1 = C$1.1784. Oil prices continue to soften in the face of high […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 5 – The Canadian dollar was slightly higher Monday, seeing a late-day recovery after falling below 85 cents US earlier in the trading session. Ideas that recent losses were overdone sparked some supportive buying for the Canadian currency, according to analysts. The Canadian dollar closed at US$0.8511 or […] Read more

By Commodity News Service Canada Winnipeg, January 5 – The Canadian dollar was lower against its American counterpart at midday Monday, as plunging oil prices began to weigh on the loonie. The loonie was at US$0.8843 or US$1 = C$1.1788 at 11:40 CST Monday morning. Energy stocks on the TSX felt the blow acutely as […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 2 – The Canadian dollar was sharply lower on Friday, testing the 85 cents US level. A sharp drop in crude oil values was behind the weakness, analysts said. Since oil is one of Canada’s biggest exports, its more than 50 per cent drop since summer is likely […] Read more

By Commodity News Service Canada Winnipeg, January 2 – The Canadian dollar was sharply weaker relative to the US dollar on Friday, losing more than a full cent and hitting a fresh six-year low during the session. Ongoing weakness in the crude oil market, as it was down sharply, holding just above the US$52 per […] Read more

By Commodity News Service Canada Winnipeg, January 2 – The Canadian dollar was lower Friday morning, feeling the pinch of lower oil prices to start the year. At 8:40 CST Friday morning, the loonie was down 0.0067 of a cent to US$0.8548 or US$1 = C$1.1699. A lack of domestic data left the loonie vulnerable […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 31 – The Canadian dollar was fractionally higher relative to the US dollar amid quiet year-end trade on Wednesday. The Bank of Canada posted closing rates early, due to substantially lower trading volumes. Investors were wary of pushing the currency too far one way or the other amid […] Read more

By Commodity News Service Canada Winnipeg, December 31 – The Canadian dollar was higher Wednesday morning amid falling commodity prices. At 8:35 CST Wednesday morning, the loonie was up 0.0010 of a cent to US$0.8623 or US$1 = C$1.1597. New data was released that seemed to confirm China’s economy was slowing. A survey by HSBC […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 30 – The Canadian dollar firmed on Tuesday, with relative weakness in the US dollar helping to underpin the Canadian dollar. Disappointing US consumer confidence data was supporting the Canadian dollar, analysts said. The Conference Board’s consumer-confidence index was at 92.6 in December, falling below expectations of 93.9. […] Read more

By Commodity News Service Canada Winnipeg, Dec 30 – The Canadian dollar was stronger relative to the US dollar on Tuesday, with general weakness in the US currency providing support, analysts said. Disappointing consumer confidence data out of the US was weighing on the country’s dollar. The Conference Board’s consumer-confidence index was at 92.6 in […] Read more