Currency Markets

By Commodity News Service Canada Winnipeg, May 21 – The Canadian dollar was lower against its US counterpart at midday Wednesday, due to a decline in metal prices. The July copper contract fell two cents to US$3.12 a pound, while June gold faded $4.50 to US$1,290.10 an ounce. July crude oil gained $1.07 to US$103.40 […] Read more

By Commodity News Service Canada Winnipeg, May 21 – The Canadian dollar was slightly lower against its US counterpart Wednesday morning as investors waited to hear the minutes from the US Federal Reserve’s latest meeting. US Federal Reserve Chairwoman Janet Yellen, Kansas City Fed President Esther George and Minneapolis Fed President Narayana Kocherlakota were all […] Read more

By Commodity News Service Canada WINNIPEG, May 20 – The Canadian dollar eased against the US dollar on Tuesday, undermined by disappointing Canadian wholesale sales data, analysts said. According to Statistics Canada, wholesale sales decreased by 0.4 per cent to C$50.5 billion in March 2014, following advances seen in both January and February 2014. Pre-report […] Read more

By Commodity News Service Canada Winnipeg, May 20 – The Canadian dollar was down against its US counterpart at midday Tuesday, as a decline in Canadian March wholesale sales led traders towards the safety of the US dollar. Canadian wholesale sales in March fell 0.4% to C$50.45 billion. That is far below earlier expectations of […] Read more

By Commodity News Service Canada Winnipeg, May 20 – The Canadian dollar was lower against its US counterpart Tuesday morning on data showing lower wholesale sales in March. According to Statistics Canada, Canadian wholesales sales dropped 0.4% to C$50.5 billion in the month of March. Motor vehicles and parts led the decline. The June crude […] Read more

By Commodity News Service Canada WINNIPEG, May 16 – The Canadian dollar was stronger relative to the US dollar on Friday, breaking above the 92 cents US mark. Some of the activity was linked to position squaring ahead of the long weekend, as Canadian markets will be close Monday, May 19, for Victoria Day. US […] Read more

By Commodity News Service Canada Winnipeg, May 16 – The Canadian dollar was relatively unchanged against its US counterpart at midday Friday, as gains in commodities helped offset pressures felt internationally. Data suggesting the recovery in Europe is more fragile that first thought pressured the loonie, said an analyst. Wal-Mart also delivered a weaker-than-expected outlook […] Read more

By Commodity News Service Canada Winnipeg, May 16 – The Canadian dollar was little changed against its US counterpart Friday morning on mixed commodity prices and a robust US housing report. April housing starts in the US surpassed initial estimates and failed to sway the loonie, which has featured low volatility in the past few […] Read more

By Commodity News Service Canada WINNIPEG, May 15 – The Canadian dollar was slightly firmer compared to the US dollar on Thursday, seeing some follow-through buying on Wednesday’s advances, analysts said. The Canadian dollar closed at US$0.9194 or US$1=C$1.0877 on Thursday, which compares with Wednesday’s North American settlement of US$0.9189 or US$1=C$1.0882. Better than expected […] Read more

By Commodity News Service Canada Winnipeg, May 15 – The Canadian dollar rose slightly against its US counterpart at midday Thursday, as a better-then-expected manufacturing report helped offset pressures elsewhere. The loonie trended slightly upward after Statistics Canada reported manufacturing sales in March rose 0.4% to C$50.9 billion. This exceeded analyst’s expectations of a 0.1% […] Read more