Currency Markets

By Commodity News Service Canada WINNIPEG, June 26 – The Canadian dollar ended sharply stronger, gaining about a quarter of a cent against the US dollar on Thursday. Technical based buying after the currency broke above a key resistance level accounted for the sharp advance on Thursday, analysts said. The Canadian dollar closed at US$0.9352 […] Read more

By Commodity News Service Canada Winnipeg, June 26 – The Canadian dollar was higher against its US counterpart at midday Thursday, after the US Commerce Department reported a 0.2% rise in consumer spending. This happened after there was no gain in April. The loonie also gained support from stronger than expected inflationary data, leading some […] Read more

By Commodity News Service Canada Winnipeg, June 26 The Canadian dollar was slightly higher relative to its U.S. counterpart on Thursday due to mixed commodity prices and a fairly neutral read on American consumer spending, analysts say. At 9:03 CDT Thursday morning, the Canadian dollar rose to US$0.9337 or US$ = C$1.0721, increasing from Wednesday’s […] Read more

By Commodity News Service Canada WINNIPEG, June 25 – The Canadian dollar ended stronger against the US dollar on Wednesday, reacting to disappointing economic growth data out of the US, analysts said. Data showed the US economy slowed by 2.9 per cent during the first quarter of 2014, while pre-report estimates called for a 2.0 […] Read more

By Commodity News Service Canada Winnipeg, June 25 – The Canadian dollar was higher against its US counterpart at midday Wednesday, after new data showed that US GDP shrank 2.9% in the first quarter. The decline was larger than the 2% analysts had expected. The drop was attributed to the severe winter. The US durable […] Read more

By Commodity News Service Canada Winnipeg, June 25 The Canadian dollar was up on Wednesday due to weak U.S. economic data, analysts say. At 9:09 CDT Wednesday morning, the Canadian dollar rose to US$0.9317 or US$ = C$1.0740, rising 0.09 cents US from Tuesday’s close of US$0.9308. The increase in price came as the final […] Read more

By Commodity News Service Canada WINNIPEG, June 24 – The Canadian dollar moved lower against the US dollar on Tuesday, seeing a profit taking correction following a recent rally, analysts said. The Canadian dollar closed at US$0.9308 or US$1=C$1.0744 on Tuesday, which compares with Monday’s North American settlement of US$0.9323 or US$1=C$1.0726. Spillover pressure from […] Read more

By Commodity News Service Canada Winnipeg, June 24 – The Canadian dollar was slightly lower against its US counterpart at midday Tuesday, after four days of gains prompted a correction. The US Commerce Department issued a report showing home sales jumped 18.6% to their highest annual rate in a year-and-a-half. The August gold contract gained […] Read more

By Commodity News Service Canada Winnipeg, June 24 The Canadian dollar was slightly lower on Tuesday after four days of gains that lifted currency to its highest level relative to its U.S. counterpart since the beginning of January, analysts say. At 9:13 CDT Tuesday morning, the Canadian dollar dipped to US$0.9318 or US$ = C$1.0731, […] Read more

By Commodity News Service Canada WINNIPEG, June 23 – The Canadian dollar continued to climb higher against the US dollar on Monday, seeing some follow-through buying on Friday’s sharp rally, analysts said. Better than expected Canadian inflation data released on Friday continued to be supportive for the Canadian dollar, as it could mean the Bank […] Read more