Currency Markets

By Commodity News Service Canada WINNIPEG, June 12 – The Canadian dollar ended slightly firmer against the US dollar on Thursday, lifted by the gains seen in crude oil values. Much of the strength in crude oil was linked to concerns about unrest in Iraq causing problems moving oil supplies, analysts said. The Canadian dollar […] Read more

By Commodity News Service Canada Winnipeg, June 12 – The Canadian dollar was higher against its US counterpart at midday Thursday, pushed up by surging gold prices. Turmoil in Iraq and possible disruptions to oil supplies sent traders looking for safe havens. As well, risks to the Chinese financial system and higher long-term interest rates […] Read more

By Commodity News Service Canada Winnipeg, June 12 – The Canadian dollar was up slightly Thursday morning, as concern that fighting in Iraq could disrupt oil supplies, deepens. OPEC’s decision Wednesday to keep the target output pegged at 30 million barrels a day means their membership likely would not be able to increase demand in […] Read more

By Commodity News Service Canada WINNIPEG, June 11 – The Canadian dollar ended stronger against the US dollar on Wednesday, rising above 92 cents US. The firmness was linked to traders being more willing to take on risk amid optimism surrounding global economic growth, analysts said. The Canadian dollar closed at US$0.9202 or US$1=C$1.0867 on […] Read more

By Commodity News Service Canada Winnipeg, June 11 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as investors flocked to commodities in the absence of domestic data. A low-volatility environment helped the loonie make gains against the American greenback and other major currencies, according to a report. The July crude […] Read more

By Commodity News Service Canada Winnipeg, June 11 – The Canadian dollar was up slightly Wednesday morning, as commodities including gold and oil continue to make gains. Faltering talks over Ukraine’s gas payments to Russia are also underpinning the market, say analysts. The World Bank is cutting its 2014 growth forecast to 2.8 percent, from […] Read more

By Commodity News Service Canada WINNIPEG, June 10 – The Canadian dollar ended fractionally firmer compared to the US dollar on Tuesday, following the gains seen in crude oil and gold, analysts said. The Canadian dollar closed at US$0.9171 or US$1=C$1.0904 on Tuesday, which compares with Monday’s North American settlement of US$0.9168 or US$1=C$1.0908. A […] Read more

By Commodity News Service Canada Winnipeg, June 10 – The Canadian dollar was little changed Tuesday morning, as a lack of domestic data kept the loonie within a tight range. The upward momentum of oil and gold kept the Canadian dollar from moving backward, said an analyst. On the commodity markets, the July crude oil […] Read more

By Commodity News Service Canada WINNIPEG, June 9 – The Canadian dollar ended stronger relative to the US dollar on Monday, as positive global economic news had traders more willing to take on riskier assets, including the loonie, analysts said. The Canadian dollar closed at US$0.9168 or US$1=C$1.0908 on Monday, which compares with Friday’s North […] Read more

By Commodity News Service Canada Winnipeg, June 9 – The Canadian dollar was slightly higher against its US counterpart at midday Monday on the back of robust housing data. According to Statistics Canada, the number of seasonally-adjusted housing starts in May rose to 198,324, over 1,600 more than in April. The numbers suggest housing will […] Read more