Currency Markets

By Commodity News Service Canada Winnipeg, June 23 – The Canadian dollar jumped higher against its US counterpart at midday Monday, on word China’s manufacturing industry was moving into expansion mode. The move upwards was also brought about by speculation the Bank of Canada might move interest rates higher sooner than expected. In the US, […] Read more

By Commodity News Service Canada Winnipeg, June 23 The Canadian dollar was higher on Monday due to mixed economic news from Asia and Europe, analysts say. At 9:23 CDT Monday morning, the Canadian dollar rose to a five month high of US$0.9315 or US$ = C$1.0766, up from Friday’s close of US$0.9300 or $US = […] Read more

By Commodity News Service Canada WINNIPEG, June 20 – The Canadian dollar closed sharply higher relative to the US dollar, hitting the 93 cents US mark for the first time in months. Much of the strength was linked to better than expected Canadian inflation data, which could cause the Bank of Canada to take a […] Read more

By Commodity News Service Canada Winnipeg, June 20 – The Canadian dollar jumped higher against its US counterpart at midday Friday, on word Canada’s inflation rate rose higher than expected last month. The 2.3% rise in May was a result of strong energy prices. Statistics Canada reported that retail sales in Canada rose for the […] Read more

By Commodity News Service Canada Winnipeg, June 20 The Canadian dollar was stronger again on Friday morning, as oil prices remained high due to the fighting between Iraq soldiers and Islamic militants over the control of the country’s largest oil refinery, analysts say. The Canadian Dollar is at its strongest level since January as a […] Read more

By Commodity News Service Canada WINNIPEG, June 19 – The Canadian dollar closed higher relative to the US dollar on Thursday, with broad weakness in the US dollar behind the loonie’s strength, analysts said. The US dollar moved lower against the Canadian dollar after the US Federal Reserve said they aren’t very worried about inflation […] Read more

By Commodity News Service Canada Winnipeg, June 19 – The Canadian dollar was higher against its US counterpart at midday Thursday, buoyed by the 0.4% monthly rise in the American Consumer Price Index. All told, the index rose 2.1% over the past 12 months. Statistics Canada reported that wholesale sales in Canada rose 1.2% in […] Read more

By Commodity News Service Canada Winnipeg, June 19 The Canadian dollar was higher on Thursday morning, as the U.S dollar weakened after the Federal Reserve reassured traders that there is little concern of inflation. At 9:20 CDT Thursday morning, the Canadian dollar rose to US$0.9235 or US$ = C$1.0870, up from Wednesday’s close of US$0.9207 […] Read more

By Commodity News Service Canada WINNIPEG, June 18 – The Canadian dollar ended firmer on Wednesday relative to the US dollar, after the no surprises came out of the US Federal Reserve’s meeting this week, analysts said. The US Federal Reserve decided to lower their monthly bond purchases by another US$10 billion a month, and […] Read more

By Commodity News Service Canada Winnipeg, June 18 – The Canadian dollar was slightly lower against its US counterpart at midday Wednesday, as traders awaited an update by the US Federal Reserve on how the US economy is doing while commodities dipped due to the conflict in Iraq. It’s widely expected the central bank will […] Read more