Currency Markets

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

By Commodity News Service Canada Winnipeg, June 9 – The Canadian dollar was slightly lower Monday morning, as China reported its export growth sped up in May, despite sagging imports. According to China’s General Administration of Customs, the country’s exports rose seven percent in dollar terms, up from 0.9 percent in April. Imports fell 1.6 […] Read more

By Commodity News Service Canada WINNIPEG, June 6 – The Canadian dollar ended little changed relative to the US dollar on Friday, as traders were being cautious ahead of the weekend, analysts said. The Canadian dollar closed at US$0.9149 or US$1=C$1.0930 on Friday, which compares with Thursday’s North American settlement of US$0.9150 or US$1=C$1.0929. Canada’s […] Read more

By Commodity News Service Canada Winnipeg, MB, 2014 – The Canadian dollar was slightly higher against its US counterpart at midday Friday, amid mixed employment news. Job creation numbers for Canada showed 25,800 jobs were created in May. However, Statistics Canada said many of those jobs were part-time while the unemployment rates inched up from […] Read more

By Commodity News Service Canada Winnipeg, June 6 – The Canadian dollar was slightly lower Friday morning, on the back of lukewarm employment data from both Canada and the US. According to Statistics Canada, the country added 25,800 jobs in May, but the unemployment rate moved higher to 7.0% from 6.9%. The US created 217,000 […] Read more

By Commodity News Service Canada WINNIPEG, June 5 – The Canadian dollar ended firmer relative to the US dollar on Thursday, seeing a recovery following recent losses, analysts said. The Canadian dollar closed at US$0.9150 or US$1=C$1.0929 on Thursday, which compares with Wednesday’s North American settlement of US$0.9142 or US$1=C$1.0939. A move by the European […] Read more

By Commodity News Service Canada Winnipeg, June 5 – The Canadian dollar was slightly higher against its US counterpart at midday Thursday, as a rise in the base metals group helped offset a weak energy sector. The gold sector led advancers, up 1.7% as the August contract climbed $10.80 to US$1,255.10 an ounce. The energy […] Read more

By Commodity News Service Canada Winnipeg, June 5 – The Canadian dollar was little changed Thursday morning, as new data showed that Canadian building permits in April rose at a disappointing 1.1%. Analysts had expected an increase of 1.4%. Traders are now looking ahead to Friday’s release of the US employment report for May. Canadian […] Read more

By Commodity News Service Canada WINNIPEG, June 4 – The Canadian dollar ended lower relative to the US dollar on Wednesday, reacting to the Bank of Canada’s decision to remain dovish and keep interest rates unchanged, analysts said. The Canadian dollar closed at US$0.9142 or US$1=C$1.0939 on Wednesday, which compares with Tuesday’s North American settlement […] Read more