Currency Markets

By Commodity News Service Canada WINNIPEG, May 9 – The Canadian dollar was weaker relative to the US dollar on Friday, undermined by disappointing Canadian employment data, analysts said. Statistics Canada said the economy lost 28,600 jobs in April, while expectations called for 13,500 new jobs to be added. The unemployment rate held steady at […] Read more

By Commodity News Service Canada Winnipeg, May 9 – The Canadian dollar fell against its US counterpart at midday Friday, as poor news on the Canadian labour front and slips in the financial sector, dragged the loonie lower. Numbers released by Statistics Canada show the Canadian economy lost 28,900 jobs in April. This confirms the […] Read more

By Commodity News Service Canada Winnipeg, May 9 – The Canadian dollar fell against its US counterpart Friday morning after weaker-than-expected data from the Canadian labour market underwhelmed investors. Canada lost 28,600 jobs in April while the jobless rate stayed consistent at 6.9%, according to Statistics Canada. The TSX is due for some consolidation after […] Read more

By Commodity News Service Canada WINNIPEG, May 8 – The Canadian dollar was up sharply against the US dollar on Thursday, breaking above the 92 cents US mark. Positive Canadian housing data helped to lift the loonie on Thursday, analysts said. Housing starts were at an annualized rate of 195,000 in April, beating expectations of […] Read more

By Commodity News Service Canada Winnipeg, May 8 – The Canadian dollar jumped half a cent against its US counterpart at midday Thursday, as better-than-expected Chinese trade numbers helped the loonie take advantage of a weaker US dollar. Traders took confidence from China’s April trade data which showed exports rose 0.9% from the previous year. […] Read more

By Commodity News Service Canada Winnipeg, May 8 – The Canadian dollar rose against its US counterpart Thursday morning after Chinese trade data indicated the Asian country’s projected growth wasn’t as tepid as first thought. Exports from China rose 0.9 percent in April from a year ago. On the commodity markets, the June crude oil […] Read more

By Commodity News Service Canada WINNIPEG, May 7 – The Canadian dollar eased relative to the US dollar on Wednesday, seeing a correction following Tuesday’s sharp advance, analysts said. The Canadian dollar closed at US$0.9179 or US$1=C$1.0894 on Wednesday, which compares with Tuesday’s North American settlement of US$0.9192 or US$1=C$1.0879. Some of the weakness was […] Read more

By Commodity News Service Canada Winnipeg, May 7 – The Canadian dollar drifted lower against its US counterpart at midday Wednesday, on reports from Statistics Canada that building permit insurance was down 3% in March. The report isn’t considered a crucial factor in currency behaviour, but is considered an indication of where the housing sector […] Read more

By Commodity News Service Canada WINNIPEG, May 6 – The Canadian dollar was sharply stronger relative to the US dollar on Tuesday, lifted by positive Canadian trade data, analysts said. Statistics Canada revised Canadian trade data for February, upping the surplus to $847 million, from a previous report pegging the surplus at $290 million. In […] Read more

By Commodity News Service Canada Winnipeg, May 6 – The Canadian dollar was up slightly against its US counterpart at midday Tuesday, on forecasts Canadian economic growth will rise to 2.75 per cent by 2015. The analysis comes from The Organization for Economic Co-operation and Development. The internationally-renowned think-tank says the global economy will grow […] Read more