Currency Markets

By Commodity News Service Canada Winnipeg, August 29 – The Canadian was higher on Friday as data showed that the economy grew more than expected in the second quarter, analysts say. At 9:16 CDT Friday morning, the loonie was up 0.08 of a cent to US$0.9227 or US$1 = C$1.0857 as Statistics Canada reported gross […] Read more

By Commodity News Service Canada WINNIPEG, August 28 – The Canadian dollar was slightly higher relative to the US dollar on Thursday, continuing to find support from recent news that US fast food chain Burger King is purchasing Canadian company Tim Hortons, analysts said. The Canadian dollar closed at US$0.9219 or US$1=C$1.0847 on Thursday, which […] Read more

By Commodity News Service Canada Winnipeg, August 28 – The Canadian dollar was higher against its US counterpart at midday Thursday, due to reports that Canada’s current account deficit fell C$200-million to C$11.9 billion. The decline was credited to an increase in the deficit on trade in goods and services, according to a report. The […] Read more

By Commodity News Service Canada Winnipeg, August 28 – The Canadian dollar was higher Thursday as Canada’s current account deficit improved slightly during the second quarter, analysts say. At 9:15 CDT Thursday morning, the loonie rose 0.1 of a cent to US$0.9222 or US$1 = C$1.0891 as Statistics Canada reported that deficit edged down C$200 […] Read more

By Commodity News Service Canada WINNIPEG, August 27 – The Canadian dollar was sharply higher relative to the US dollar on Wednesday, gaining more than three-quarters of a cent against its US counterpart. Much of the strength came from the news of a major deal that will see US company Burger King buy Canadian chain […] Read more

By Commodity News Service Canada Winnipeg, August 27 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as reports from the banking sector buoyed investor confidence. The Royal Bank, reported a quarterly profit that beat expectations while Quebec-based National Bank posted net earnings of C$441 million, up 10% from last year […] Read more

By Commodity News Service Canada Winnipeg, August 27 – The Canadian dollar was higher on Wednesday, as it benefited from a major corporate deal that will see American fast food giant Burger King buy Canadian coffee-and-doughnut chain Tim Hortons for $12.5 billion. At 9:00 CDT Wednesday morning, the loonie rose 0.41 of a cent to […] Read more

By Commodity News Service Canada WINNIPEG, August 26 – The Canadian dollar was stronger relative to the US dollar on Tuesday, finding support from news that Burger King is buying Tim Hortons in a cash and stock deal worth about US$11 billion. Because Burger King is a foreign buyer purchasing a Canadian company, they will […] Read more

By Commodity News Service Canada Winnipeg, August 26 – The Canadian dollar was higher against its US counterpart at midday Tuesday, as the proposed Tim Hortons’ merger with Burger King sent signals to investors that the big foreign buyer will need Canadian currency to seal the deal. The deal is a cash and stock transaction […] Read more

By Commodity News Service Canada Winnipeg, August 26 – The Canadian dollar was higher on Tuesday as traders considered a major Canadian corporate deal in the making and looked ahead to key data out at the end of the week. At 9:10 CDT Tuesday morning, the loonie rose 0.14 of a cent to US$0.9121 or […] Read more