Currency Markets

By Commodity News Service Canada Winnipeg, July 3 – The Canadian dollar was higher against its US counterpart at midday Thursday, on the strength of positive jobs data. The US Labour Department says the American economy created 288,000 jobs during June, while the US jobless rate dropped to 6.1% from 6.3%. The numbers suggest damage […] Read more

By Commodity News Service Canada Winnipeg, July 3 The Canadian dollar held steady on Thursday morning as the currency reacted to U.S. employment Canadian trade data. At 9:00 CDT Thursday morning, the Canadian dollar was quoted at US$0.9376 or US$1 = C$1.0667, up 0.01 cents US from Wednesday’s close. The U.S. economy generated 288,000 jobs […] Read more

By Commodity News Service Canada Winnipeg, July 2 – The Canadian dollar was lower against its US counterpart at midday Wednesday, as it was unable to sustain gains made earlier in the day amid mixed commodity prices. The American dollar made advances after US payrolls firm ADP reported that the private sector created 281,000 jobs […] Read more

By Commodity News Service Canada Winnipeg, July 2 The Canadian dollar rose to a 2014 high relative to its U.S counterpart on Wednesday morning, despite a soft reading on April’s economic growth earlier in the week, analysts say. At 8:51 CDT Wednesday morning, the loonie rose to US$0.9398 or US$1 = C$1.0676, up 0.26 cents […] Read more

By Commodity News Service Canada WINNIPEG, June 30 – The Canadian dollar was slightly lower against the US dollar on Monday, reacting to disappointing Canadian economic data, analysts said. According to Statistics Canada, Canadian gross domestic product (GDP) rose by 0.1 per cent in April, falling below expectations of a 0.2 per cent jump. The […] Read more

By Commodity News Service Canada Winnipeg, June 30 – The Canadian dollar was down slightly against its US counterpart at midday Monday, as the latest Canadian GDP readings point to a sluggish recovery. According to Statistics Canada, the economy grew by 0.1 per cent in April, slightly below expectations of 0.2 per cent growth. Mining, […] Read more

By Commodity News Service Canada Winnipeg, June 30 The Canadian dollar fell on Monday morning against the U.S. dollar as GDP figures were lower than expected, indicating that the economy hasn’t recovered as quickly as anticipated from the harsh winter, according to Statistics Canada. At 9:07 CDT Monday morning, the Canadian dollar was at US$0.9355 […] Read more

By Commodity News Service Canada WINNIPEG, June 27 – The Canadian dollar was up sharply against the US dollar on Friday, seeing some follow-through buying on recent gains, analysts said. The Canadian dollar closed at US$0.9380 or US$1=C$1.0661 on Friday, which compares with Thursday’s North American settlement of US$0.9352 or US$1=C$1.0693. Concerns about slowing economic […] Read more

By Commodity News Service Canada Winnipeg, June 27 – The Canadian dollar was higher against its US counterpart at midday Friday, amid US economic concerns. American investors are still concerned about a weaker-than-expected US GDP reading, which showed a 2.9% contraction in the first quarter of this year. The report also throws into question the […] Read more

By Commodity News Service Canada Winnipeg, June 27 The Canadian dollar remained unchanged Friday due to economic concerns in the U.S. and mixed commodity prices, analysts say. At 9:01 CDT Friday morning, the Canadian dollar was flat at US$0.9352 or US$ = C$1.0707. Low prices for energy and petroleum products had Statistics Canada’s Industrial Product […] Read more