Currency Markets

By Commodity News Service Canada Winnipeg, April 16 – The Canadian dollar was basically unchanged Wednesday morning as investors waited to see whether the bank of Canada would adjust its interest rate. A report showings foreign investors bought 6.1 billion Canadian dollars (US$5.54 billion) was met with relative indifference, said analysts. There is speculation Bank […] Read more

By Commodity News Service Canada WINNIPEG, April 15 – The Canadian dollar moved lower against the US dollar on Tuesday, as concerns about slow economic growth in China were bearish, analysts said. The Canadian dollar closed at US$0.9110 or US$1=C$1.0977 on Tuesday, which compares with Monday’s North American settlement of US$0.9130 or US$1=C$1.0953. Spillover pressure […] Read more

By Commodity News Service Canada Winnipeg, April 15 – The Canadian dollar fell slightly against the US dollar Tuesday morning as positive manufacturing data failed to take investors’ attention off a pending rate decision by the Bank of Canada, said analysts. On Wednesday the bank is scheduled to release its quarterly Monetary Policy Report decision […] Read more

By Commodity News Service Canada WINNIPEG, April 14 – The Canadian dollar moved higher relative to the US dollar on Monday, seeing a correction following recent losses, analysts said. The Canadian dollar closed at US$0.9130 or US$1=C$1.0953 on Monday, which compares with Friday’s North American settlement of US$0.9108 or US$1=C$1.0979. Spillover support from the gains […] Read more

By Commodity News Service Canada WINNIPEG, April 14 – The Canadian dollar was firmer at midday Monday, with solid US retail sales data providing some underlying support for the currency. At 11:49 CDT, the Canadian dollar was trading at US$0.9120 or US$1=C$1.0965 which compares with Friday’s close of US$0.9108 or US$=C$1.0979. US retail sales increased […] Read more

By Commodity News Service Canada Winnipeg, April 14 – The Canadian dollar rose against the US dollar Monday morning as a pending decision by the Bank of Canada whether or not to adjust its policy rate provided support to the currency. Canada’s central bank is generally expected to keep its policy rate at 1%, said […] Read more

By Commodity News Service Canada WINNIPEG, April 11 – The Canadian dollar moved sharply lower against the US dollar on Friday, following the weakness seen in outside equity markets, analysts said. The Canadian dollar closed at US$0.9108 or US$1=C$1.0979 on Friday, which compares with Thursday’s North American settlement of US$0.9150 or US$1=C$1.0929. Spillover pressure from […] Read more

By Commodity News Service Canada Winnipeg, April 11 – The Canadian dollar continued to fall against its US counterpart at midday Friday, as weakening global markets and signs of trade weakness from China pressured the market, analysts said. The decline was also sparked by US inflation news that suggested a tapering of federal policy would […] Read more

By Commodity News Service Canada Winnipeg, April 11 – The Canadian dollar fell Friday morning in the face of a strengthening US dollar and weakening global markets. A shift away from riskier assets is credited with helping the US dollar hold gains, according to a report by BMO Capital Markets. It will be difficult for […] Read more

By Commodity News Service Canada WINNIPEG, April 10 – The Canadian dollar eased relative to the US dollar on Thursday, seeing a correction following recent advances, 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$0.9198 or US$1=C$1.0872. Disappointing Chinese trade data also weighed […] Read more