Currency Markets

By Commodity News Service Canada WINNIPEG, Oct. 24 – The Canadian dollar was unchanged relative to the US dollar on Friday, as traders were being cautious ahead of the weekend and next week’s interest rate announcement from the US Federal Reserve, analysts said. The Canadian dollar closed at US$0.8902 or US$1=C$1.1233 on Friday, which compares […] Read more

By Commodity News Service Canada Winnipeg, October 24 – The Canadian dollar was slightly higher against its US counterpart at midday Friday, as investors showed caution ahead of the weekend. The first reading of third quarter GDP data in the US and August GDP data for Canada is expected to be released in the coming […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 24 The Canadian dollar was firmer relative to the U.S. dollar Friday morning, as traders were squaring positions ahead of the U.S. Federal Reserve’s interest rate announcement next week, analysts said. At 9:00 CDT Friday the Canadian dollar was at U.S.$0.8925 or U.S.$=C$1.1204, which compares with Thursday’s North […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 23 – The Canadian dollar was slightly firmer relative to the US dollar on Thursday, lifted by positive economic data from China and Europe, analysts said. Markit’s composite purchasing managers’ index for the euro zone rose to 52.2 points in October, from 52.0 in September. HSBC’s preliminary Chinese […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 23 The Canadian dollar was holding up slightly relative to the U.S. dollar Thursday morning, finding support from positive economic news out of Europe and China, analysts said. Markit’s composite purchasing managers’ index for the euro zone rose to 52.2 points in October, from 52.0 in September. Anything […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 22 – The Canadian dollar was softer relative to the US dollar on Wednesday, undermined by disappointing Canadian economic data, analysts said. According to Statistics Canada, retail sales dropped 0.3 per cent in August, to C$42.4 billion. It was second consecutive monthly decline, following gains in the previous […] Read more

By Commodity News Service Canada Winnipeg, October 22 – The Canadian dollar was higher against its US counterpart at midday Wednesday, after the Bank of Canada announced in a briefing note that it would not hike the interest rate. The central bank also dropped any reference to taking a neutral stance on interest rates going […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 22 The Canadian dollar was down sharply relative to the U.S. dollar Wednesday morning, reacting to disappointing Canadian retail sales data, analysts said. According to Statistics Canada, retail sales dropped 0.3 per cent in August, to C$42.4 billion. It was second consecutive monthly decline, following gains in the […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 21 – The Canadian dollar was sharply higher relative to the U.S. dollar on Tuesday, gaining nearly half a cent and breaking back above 89 cents U.S. The Canadian dollar closed at U.S.$0.8906 or U.S.$1=C$1.1228 on Tuesday, which compares with Monday’s North American settlement of U.S.$0.8862 or U.S.$1=C$1.1284. […] Read more

By Commodity News Service Canada Winnipeg, October 21 – The Canadian dollar was higher against its US counterpart at midday Tuesday, as new Chinese economic data buoyed commodities across the board. China’s economic growth slowed to 7.3 percent last quarter. The number was in line with general expectations and slightly higher than the 7.2 percent […] Read more