Currency Markets

By Commodity News Service Canada Winnipeg, May 1 – The Canadian dollar was down slightly against its US counterpart Thursday morning as investors waited to see US jobs data and manufacturing information due to be released tomorrow. The loonie is range-bound as markets in Europe and Asia, widely closed for the May Day holiday, have […] Read more

By Commodity News Service Canada WINNIPEG, April 30 – The Canadian dollar closed slightly lower relative to the US dollar Wednesday, undermined by profit taking at the highs of the day, analysts said. The Canadian dollar did move higher earlier in the trading session, lifted by disappointing US economic data. The Canadian dollar closed at […] Read more

By Commodity News Service Canada Winnipeg, April 30 – The Canadian dollar was virtually unchanged against its US counterpart at midday Wednesday, as the Canadian GDP managed to reach the 0.2% growth mark forecast for the month of February. The United States posted a meager 0.1% rise in the first quarter, well below expectations. Other […] Read more

By Commodity News Service Canada Winnipeg, April 30 – The Canadian dollar was down slightly against its US counterpart Wednesday morning after a mixed reading of economic growth data was released in both the United States and Canada. According to Statistics Canada, Canada’s GDP rose by 0.2% in February. However, the US GDP was stuck […] Read more

By Commodity News Service Canada WINNIPEG, April 29 – The Canadian dollar closed sharply higher compared to the US dollar on Tuesday, lifted by technical buying, analysts said. The Canadian dollar closed at US$0.9132 or US$1=C$1.0951 on Tuesday, which compares with Monday’s North American settlement of US$0.9070 or US$1=C$1.1025. A return to buying riskier assets […] Read more

By Commodity News Service Canada Winnipeg, April 29 – The Canadian dollar was up against its US counterpart at midday Tuesday, as an earnings report from oilsands giant Suncor Energy buoyed expectations for the energy sector overall. Suncor posted earnings of C$1.79 billion which widely outperformed initial estimates. Traders are anxiously watching the US Federal […] Read more

By Commodity News Service Canada Winnipeg, April 29 – The Canadian dollar rose against its US counterpart Tuesday morning after a strong performance from Canadian equity markets and oil prices. Several corporate releases and strong oil prices suggest the Canadian dollar has helped boost profitability, said an analyst. Canada’s February Weekly Employee Earnings report is […] Read more

By Commodity News Service Canada WINNIPEG, April 28 – The Canadian dollar closed firmer relative to the US dollar on Monday, lifted by technical based buying, analysts said. The Canadian dollar closed at US$0.9070 or US$1=C$1.1025 on Monday, which compares with Friday’s North American settlement of US$0.9061 or US$1=C$1.1036. Spillover support from the gains seen […] Read more

By Commodity News Service Canada Winnipeg, April 28 – The Canadian dollar was marginally higher against its US counterpart Monday morning as investors waited to analyze economic data from both sides of the border. Market holidays and a lack of domestic data have kept the dollar restricted to a narrow trading bracket in recent sessions, […] Read more

By Commodity News Service Canada WINNIPEG, April 25 – The Canadian dollar closed weaker relative to the US dollar on Friday amid a lack of risk sentiment due to ongoing worries about political problems in Ukraine and Russia, analysts said. The Canadian dollar closed at US$0.9061 or US$1=C$1.1036 on Friday, which compares with Thursday’s North […] Read more