Currency Markets

By Commodity News Service Canada Winnipeg, September 5 – The Canadian dollar was slightly weaker against its US counterpart at midday Friday, undermined by a report that said the country lost 11,000 jobs last month. According to Statistics Canada, the unemployment rate remained unchanged at seven percent. There were also fewer youths between the ages […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 5 The Canadian dollar was slightly weaker Friday morning, as the currency reacted to the latest monthly employment data. At 9:03 CDT Friday morning the Canadian dollar was at US$0.9188 or C$1.0884 which compares with Thursday’s North American close of US$0.9196, or C$1.0874. The Canadian economy lost a […] Read more

By Commodity News Service Canada WINNIPEG, September 4 – The Canadian dollar was firmer relative to the US dollar on Thursday, but fell from earlier gains that saw the loonie jump above 92 cents US. The Canadian dollar closed at US$0.9196 or US$1=C$1.0874 on Thursday, which compares with Wednesday’s North American settlement of US$0.9184 or […] Read more

By Commodity News Service Canada Winnipeg, September 4 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by news the European Central Bank will attempt a new stimulus program in a bid to bolster Europe’s economic recovery. The announcement was welcomed as the US economy continues to show signs it […] Read more

By Commodity News Service Canada WINNIPEG, September 3 – The Canadian dollar was stronger relative to the US dollar on Wednesday, reacting to a Bank of Canada policy announcement that was slightly less dovish than expected, analysts said. The Bank of Canada left interest rates unchanged, as expected, and remains “neutral with respect to the […] Read more

By Commodity News Service Canada Winnipeg, September 3 – The Canadian dollar was stronger against its US counterpart at midday Wednesday, as the Bank of Canada confirmed it was leaving the interest rate at 1%. The central bank said new information would be looked at to determine how and when the rate should be adjusted […] Read more

By Commodity News Service Canada WINNIPEG, Sept. 3 The Canadian dollar was firmer relative to the US dollar Wednesday morning, finding some support from optimism that a cease-fire in eastern Ukraine will hold, analysts said. Ukrainian President Petro Poroshenko and Russian President Vladimir Putin agreed on a cease-fire in eastern Ukraine, Poroshenko said Wednesday. At […] Read more

By Commodity News Service Canada WINNIPEG, September 2 – The Canadian dollar was sharply weaker relative to the US dollar on Tuesday, losing nearly half a cent. Expectations that the Bank of Canada will continue to keep interest rates unchanged at Tuesday’s policy announcement helped to weigh on the currency, analysts said. The Canadian dollar […] Read more

By Commodity News Service Canada Winnipeg, September 2 – The Canadian dollar was weaker against its US counterpart at midday Tuesday, as traders waited to head a scheduled announcement on interest rates by the Bank of Canada. The central bank is widely expected to leave rates unchanged at one percent. Bank of Canada governor Stephen […] Read more

By Commodity News Service Canada WINNIPEG, August 29 – The Canadian dollar was weaker on Friday, dropping back below the 92 cents US mark. The currency was consolidating after reaching a one-month high earlier in the day, and a head of the long weekend, analysts said. Canadian and US markets will be closed for Labour […] Read more