Currency Markets

By Commodity News Service Canada WINNIPEG, Dec. 3 – The Canadian dollar moved higher relative to the US dollar on Wednesday, reacting to positive messaging from the Bank of Canada, analysts said. While the Bank of Canada will keep interest rates unchanged, they also noted that Canadian inflation has risen by more than expected recently, […] Read more

By Commodity News Service Canada Winnipeg, December 3 – The Canadian dollar was stronger against its American counterpart at midday Wednesday, as Canada’s central bank announced it was keeping the interest rate unchanged at one percent. The loonie was at US$0.8794 or US$1 = C$1.1371 at 11:55 CST Wednesday morning. The Bank of Canada noted […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 3 The Canadian dollar was firmer relative to the US dollar Wednesday morning, reacting to a positive message from the Bank of Canada, analysts said. While the Bank of Canada will keep interest rates unchanged, they also noted that Canadian inflation has risen by more than expected recently, […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 2 – The Canadian dollar moved sharply lower relative to the US dollar on Tuesday, reacting to tumbling crude oil values, analysts said. The Canadian dollar closed at US$0.8777 or US$1=C$1.1394 on Tuesday, which compares with Monday’s North American settlement of US$0.8828 or US$1=C$1.1328. Weakness in gold prices, […] Read more

By Commodity News Service Canada Winnipeg, December 2 – The Canadian dollar fell against its American counterpart at midday Tuesday, as the plunging price of crude oil continued to influence the country’s economic picture. The loonie was at US$0.8775 or US$1 = C$1.1396 at 11:50 CST Tuesday morning. Several major banks are expected to announce […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 2 The Canadian dollar was sharply lower relative to the US dollar Tuesday morning, with weakening crude oil values behind the declines, analysts said. At 8:58 CDT Tuesday the Canadian dollar was at U.S.$0.8762 or U.S.$=C$1.1413, which compares with Monday’s North American close of U.S.$0.8828 or U.S.$=C$1.1328. Softness […] Read more

By Commodity News Service Canada WINNIPEG, Dec. 1 – The Canadian dollar moved sharply higher against the US dollar on Monday, seeing an upward correction following last week’s sharp decline, analysts said. The Canadian dollar closed at US$0.8828 or US$1=C$1.1328 on Monday, which compares with Friday’s North American settlement of US$0.8741 or US$1=C$1.1440. A rebound […] Read more

By Commodity News Service Canada Winnipeg, December 1 – The Canadian dollar was higher against its American counterpart at midday Monday, as new data pointed towards a slump in China’s manufacturing activity. The loonie was at US$0.8823 or US$1 = C$1.1334 at 11:45 CST Monday morning. A report by HSBC Corp. showed Chinese manufacturing activity […] Read more

By Commodity News Service Canada WINNIPEG, Nov. 28 – The Canadian dollar dropped another three-quarters of a cent on Friday, as crude oil values continued to tumble. OPEC’s announcement saying they won’t cut production on Thursday continued to weigh on oil, as did long liquidation and chart-based selling. The Canadian dollar closed at US$0.8741 or […] Read more

By Commodity News Service Canada Winnipeg, November 28 – The Canadian dollar was lower against its American counterpart at midday Friday, as positive data detailing Canada’s economic growth couldn’t keep up with the impact of tumbling oil prices. The loonie was at US$0.8744 or US$1 = C$1.1436 at 11:55 CST Friday morning. Oil slumped to […] Read more