Currency Markets

By Commodity News Service Canada WINNIPEG, August 19 – The Canadian dollar was sharply lower relative to the US dollar on Tuesday, with general strength in the US currency accounting for the loonie’s weakness, analysts said. The US dollar found support from strong domestic housing data. Good demand for the US currency ahead of US […] Read more

By Commodity News Service Canada Winnipeg, August 19 – The Canadian dollar was lower against its US counterpart at midday Tuesday, as the loonie faltered against its American counterpart which was gaining strength on the back of positive US housing data. Home construction in the US surged 15.7% in July to an annualized rate of […] Read more

By Commodity News Service Canada Winnipeg, August 19 – The Canadian dollar was lower on Tuesday amid data showing weak inflation in the United States, analysts say. At 9:17 CDT Tuesday morning the loonie was down 0.22 of a cent to US$0.9164 or US$1 = C$1.0889, as U.S. consumer prices for July rose at the […] Read more

By Commodity News Service Canada WINNIPEG, August 18 – The Canadian dollar was holding steady relative to the US dollar on Monday, as traders were awaiting fresh market moving news, analysts said. Traders will be closely watching Friday’s keynote speech from US Federal Reserve chair Janet Yellen following the bank’s annual meeting, as it has […] Read more

By Commodity News Service Canada Winnipeg, August 18 – The Canadian dollar saw little change at midday on Monday as strong risk appetite in financial markets was broadly offset by data that indicated that foreign investors were net sellers of Canadian securities in June, analysts say. The loonie was at US$0.9183 or US$1 = C$1.0890 […] Read more

By Commodity News Service Canada Winnipeg, August 15 – The Canadian dollar closed higher on Friday, amid the strong revised Canadian jobs data, analysts say. At 3:40 CDT Friday, the loonie rose 0.12 of a cent to US$0.9184 or US$1 = C$1.0910 as Statistics Canada said that the economy added 42,000 positions last month. Earlier […] Read more

By Commodity News Service Canada Winnipeg, August 15 – The Canadian dollar was lower at midday on Friday as traders looked for safety amid a worsening standoff between Russia and Ukraine, analysts say. At 11:45 CDT Friday morning, the loonie was down 0.09 of a cent to US$0.9163 or US$1 = $C1.0911 after Ukraine’s president […] Read more

By Commodity News Service Canada Winnipeg, August 15 – The Canadian dollar was higher on Friday as revised jobs data blew past expectations, analysts say. At 9:10 CDT Friday morning, the loonie was ahead 0.21 of a cent to US$0.9193 or US$1 = C$1.0911 as Statistics Canada reported that the economy added 42,000 jobs in […] Read more

By Commodity News Service Canada WINNIPEG, August 14 – The Canadian dollar was stronger relative to the US dollar on Thursday, as traders expect Statistics Canada to up July employment figures in their revised data set to be released on Friday, analysts said. Statistics Canada announced there was an error in the employment data reported […] Read more

By Commodity News Service Canada Winnipeg, August 14 – The Canadian dollar moved slightly higher at midday on Thursday as markets await the arrival of revised jobs data for July, analysts say. At 11:40 CDT Thursday morning, the loonie gained 0.04 of a cent to US$0.9164 or US$1 = C$1.0911, a day before Statistics Canada […] Read more