Currency Markets

By Commodity News Service Canada Winnipeg, October 15 – The Canadian dollar corrected slightly higher Wednesday morning, after sinking to a 5-1/2 year low in early trading. Low oil prices and worries over global economic growth sent many investors fleeing to the US dollar, said an analyst. Traders were also reportedly avoiding equities and currencies […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 14 – The Canadian dollar was down sharply against the US dollar on Tuesday, undermined by a strengthening US dollar, analysts said. The Canadian dollar closed at US$0.8845 or US$1=C$1.1306 on Tuesday, which compares with Friday’s North American settlement of US$0.8915 or US$1=C$1.1217. Canadian markets were closed Monday […] Read more

By Commodity News Service Canada Winnipeg, October 14 – The Canadian dollar was lower against its US counterpart at midday Tuesday, as global economic worries kept traders focused on the American greenback. Germany’s decision to slash its growth estimate for this year from 1.8 percent to 1.2 percent contributed to the uncertainty, according to an […] Read more

By Commodity News Service Canada Winnipeg, October 14 – The Canadian dollar was lower Tuesday morning, as nervous investors gravitated towards the American dollar, ignoring other currencies deemed as risks, given the global economic climate. Worries over economic strength in several countries, including Europe, have dominated headlines in recent weeks, said traders. Last week, Germany […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 10 – The Canadian dollar was down sharply against the US dollar on Friday, undermined by liquidation ahead of the long weekend, analysts said. Canadian markets are closed for Thanksgiving on Monday. The Canadian dollar closed at US$0.8915 or US$1=C$1.1217 on Friday, which compares with Thursday’s North American […] Read more

By Commodity News Service Canada Winnipeg, Oct 10 – The Canadian dollar was holding steady at 11:41 CDT Friday, as traders were squaring positions ahead of the long weekend. Canadian markets are closed for Thanksgiving on Monday. At 11:41 CDT Friday, the Canadian dollar was trading at US$0.8947, or US$1=C$1.1177, which compares with Thursday’s North […] Read more

By Commodity News Service Canada Winnipeg, October 10 – The Canadian dollar was slightly lower Friday morning, as nervousness over global markets offset better than expected job numbers. Statistics Canada reported that the economy churned out 74,100 jobs last month. That is well above the 20,000 positions some analysts had been expecting. The jobless rate […] Read more

By Commodity News Service Canada WINNIPEG, Oct. 9 – The Canadian dollar was down sharply against the US dollar on Thursday, undermined by profit taking on Wednesday’s rally, analysts said. The Canadian dollar closed at US$0.8950 or US$1=C$1.1173 on Thursday, which compares with Wednesday’s North American settlement of US$0.9006 or US$1=C$1.1104. Concerns about slow economic […] Read more

By Commodity News Service Canada Winnipeg, Oct 9 – The Canadian dollar eased against the US dollar at 11:47 CDT Thursday, reacting to more soft economic data out of Germany, analysts said. German exports dropped 5.8 per cent in August compared to July, data showed, which was renewing worries about slow economic growth in the […] Read more

By Commodity News Service Canada Winnipeg, October 9 – The Canadian dollar was lower Thursday morning, on indications the US Federal Reserve still isn’t in a hurry to hike interest rates. According to the minutes of the central bank’s latest meeting, the reserve won’t raise rates until the US economy is ready for it. The […] Read more