Currency Markets

By Commodity News Service Canada WINNIPEG, September 16 – The Canadian dollar closed sharply stronger relative to the US dollar on Tuesday, breaking back above the 91 cents US mark. The currency was underpinned by positive Canadian manufacturing data, analysts said. Canadian manufacturing sales increased 2.5 per cent to C$53.7 billion in July, exceeding the […] Read more

By Commodity News Service Canada Winnipeg, September 16 – The Canadian dollar was higher against its US counterpart at midday Tuesday, as traders positioned themselves ahead of a key speech by the Bank of Canada. Governor for the central bank, Stephen Poloz, was scheduled to talk about the role of the floating exchange rate in […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, September 16 – Canola contracts on the ICE Futures Canada platform were mostly lower on choppy trading Tuesday morning following soyoil. The looming harvest is expected to keep a lid on prices, a trader said. The market is feeling some resistance on technical indicators, according to a […] Read more

By Commodity News Service Canada WINNIPEG, September 15 – The Canadian dollar closed firmer relative to the US dollar on Monday, seeing an upward correction following last week’s sharp declines, analysts said. The Canadian dollar closed at US$0.9050 or US$1=C$1.1050 on Monday, which compares with Friday’s North American settlement of US$0.9014 or US$1=C$1.1094. Strength in […] Read more

By Commodity News Service Canada Winnipeg, September 15 – The Canadian dollar was higher against its US counterpart at midday Monday, as traders positioned themselves ahead of Wednesday’s interest rate announcement by the US Federal Reserve. Investors will be anxiously waiting to see if the central bank indicates whether it will hike rates by the […] Read more

By Commodity News Service Canada WINNIPEG, September 12 – The Canadian dollar closed lower on Friday, continuing to drift closer to the 90 cents US mark. Positive US retail sales data sent the already strong US dollar higher, resulting in a weaker Canadian currency, analysts said. The Canadian dollar closed at US$0.9014 or US$1=C$1.1094 on […] Read more

By Commodity News Service Canada Winnipeg, September 12 – The Canadian dollar slumped against its US counterpart at midday Friday, as the US dollar strengthened amid anticipation the Federal Reserve is thinking about winding down its economic stimulus. It is widely expected the central bank will move on interest rates by the middle of next […] Read more

By Commodity News Service Canada Winnipeg, September 12 – The Canadian dollar was lower Friday morning, as international pressures pushed the loonie lower against its American counterpart. The European Union slapped more sanctions on Russia for its involvement in the fighting in Ukraine. Investors are also anxious as a vote on Scottish Independence is just […] Read more

By Commodity News Service Canada WINNIPEG, September 11 – The Canadian dollar closed sharply lower against the US dollar on Thursday, losing nearly a full cent. Strength in the US dollar, which was lifted by chart-based buying after it broke above a key resistance level against the Canadian dollar, was responsible for the loonie’s weakness, […] Read more

By Commodity News Service Canada Winnipeg, September 11 – The Canadian dollar was slightly lower against its US counterpart at midday Thursday, as the country’s New Housing Price Index failed to post a gain for the first time in 2014. According to a report from Statistics Canada, the index for July remained unchanged from June. […] Read more