Currency Markets

By Commodity News Service Canada WINNIPEG, May 30 – The Canadian dollar ended slightly softer compared to the US dollar on Friday, with some weakness linked to disappointing Canadian growth data, analysts said. According to Statistics Canada, real gross domestic product (GDP) rose 0.3 per cent in the first quarter 2014, following 0.7 per cent […] Read more

By Commodity News Service Canada Winnipeg, May 30 – The Canadian dollar was lower against its US counterpart at midday Friday, as economic growth numbers for the first quarter failed to live up to expectations. Statistics Canada said the country’s GDP rose 1.2% in the first quarter, well below initial estimates of 1.8%. On a […] Read more

By Commodity News Service Canada Winnipeg, May 30 – The Canadian dollar was slightly down Friday morning, after a report that Canada’s economy grew at a weaker pace than expected. According to Statistics Canada, the country’s economy rose 1.2% in the first quarter, down from analysts’ expectations of 1.8%. On the commodity markets, the June […] Read more

By Commodity News Service Canada WINNIPEG, May 29 – The Canadian dollar ended firmer relative to the US dollar on Thursday, lifted by positive Canadian economic data, analysts said. According to Statistics Canada, Canada’s current international payments account deficit (on a seasonally adjusted basis) narrowed by C$3.3 billion to C$12.4 billion in the first quarter […] Read more

By Commodity News Service Canada Winnipeg, May 29 – The Canadian dollar was higher against its US counterpart at midday Thursday, on the back of a report showing the country’s current account deficit narrowed by C$3.3 billion to C$12.4 billion in the first quarter on a seasonally adjusted basis. Statistics Canada said the increase was […] Read more

By Commodity News Service Canada WINNIPEG, May 28 – The Canadian dollar ended slightly lower relative to the US dollar on Wednesday, erasing earlier gains. Some of the weakness was linked to spillover pressure from the losses seen in commodity prices, including crude oil, gold and copper. The Canadian dollar closed at US$0.9195 or US$1=C$1.0875 […] Read more

By Commodity News Service Canada Winnipeg, May 28 – The Canadian dollar was little changed Wednesday morning, with subdued volatility across currency markets due to a lack of domestic data. Bearish technical indicators warn of downside risk for the US dollar against the Canadian unit, but the signals aren’t overly strong, according to an analyst. […] Read more

By Commodity News Service Canada WINNIPEG, May 27 – The Canadian dollar closed nearly unchanged against the US dollar on Tuesday, erasing earlier gains. A broadly stronger US dollar helped to weigh on the Canadian currency, analysts said. The Canadian dollar closed at US$0.9207 or US$1=C$1.0861 on Tuesday, which compares with Monday’s North American settlement […] Read more

By Commodity News Service Canada Winnipeg, May 27 – The Canadian dollar was slightly lower against its US counterpart at midday Tuesday, as traders waded through a large amount of US economic reports and information. According to the US Commerce Department, orders for durable manufactured goods rose 0.8 per cent in April, after a 3.6 […] Read more

By Commodity News Service Canada Winnipeg, May 27 – The Canadian dollar was little changed Tuesday morning, as it held its own against a strengthening US dollar. An increase in risk appetite overnight provided some underlying support for the Canadian currency, according to analysts. On the commodity markets June bullion faded $10.10 to US$1,281.60 an […] Read more