Currency Markets

By Commodity News Service Canada WINNIPEG, August 25 – The Canadian dollar was lower relative to the US dollar on Monday, undermined by continued strength in the value of the US currency, analysts said. The US dollar was stronger, as it was reacting to expectations that the US Federal Reserve will raise interest rates sooner […] Read more

By Commodity News Service Canada Winnipeg, MB, August 25, 2014 (CNS Canada) – The Canadian dollar was slightly lower against its US counterpart at midday Monday, as traders considered a possible sale of Tim Hortons’ to Burger King. The deal would involve the creation of a new, publicly traded company that would be based in […] Read more

By Commodity News Service Canada Winnipeg, August 25 – The Canadian dollar was lower on Monday as traders looked ahead to the latest reading on economic growth and considered a potential merger and acquisition deal involving the restaurant chain Tim Hortons, analysts said. At 9:06 CDT Monday morning, the loonie was down 0.07 of a […] Read more

By Commodity News Service Canada Winnipeg, August 22 – The Canadian dollar closed unchanged on Friday amid a stronger than expected showing on retail sales and tame inflation data, analysts say. At 3:40 CDT Friday, the loonie was flat at US$0.9137 or US$1 = C$1.0950 as Statistics Canada reported that the consumer price index for […] Read more

By Commodity News Service Canada Winnipeg, August 22 – The Canadian dollar was little changed against its US counterpart at midday Friday, as traders sought safety in gold due to concerns over the situation in Ukraine. The December gold contract rose US$5.20 to $1,280.60 an ounce. Meantime, Statistics Canada reported that the consumer price index […] Read more

By Commodity News Service Canada Winnipeg, August 22 – The Canadian dollar saw little change on Friday amid a stronger than expected showing on retail sales and tame inflation data, analysts said. At 9:15 CDT Friday morning, the loonie was 0.01 of a cent lower to US$0.9136 or US$1 = C$1.0948 as Statistics Canada reported […] Read more

By Commodity News Service Canada Winnipeg, August 21 – The Canadian dollar closed higher on Thursday as the U.S. dollar weakened slightly after minutes from the latest U.S. Federal Reserve meeting supported expectations that the central bank could hike rates earlier than expected next year, analysts said. At 3:42 CDT Thursday afternoon, the loonie gained […] Read more

By Commodity News Service Canada Winnipeg, August 21 – The Canadian dollar was slightly higher on Thursday as markets were focused on some disappointing purchasing managers data from China and the eurozone, analysts said. Traders were also looking ahead to a key speech from the head of the U.S. Federal Reserve scheduled for Friday. At […] Read more

By Commodity News Service Canada WINNIPEG, August 20 – The Canadian dollar was lower relative to the US dollar, with continued strength in the greenback after US Federal Reserve meeting minutes were released behind the weakness, analysts said. The debate on whether or not to raise very low interest rates in the US seems to […] Read more

By Commodity News Service Canada Winnipeg, August 20 – The Canadian dollar was flat on Wednesday as traders digested data that showed a further increase in Canadian wholesale trade and look to the U.S. Federal Reserve for possible indications on the timing of interest rate increases, analysts say. At 9:20 CDT Wednesday morning, the loonie […] Read more