Currency Markets

By Commodity News Service Canada Winnipeg, March 31 – The Canadian dollar strengthened against its US counterpart at midday Monday, after the chairwoman of the US Federal Reserve, Janet Yellen, said extraordinary commitment would be needed to support the US economy. Yellen defended the policies of bond-buying and low-interest rates the reserve has taken in […] Read more

By Commodity News Service Canada Winnipeg, March 31 – The Canadian dollar was up Monday morning, after a reading of Canada’s economy came in above expectations. Canada’s GDP rose 0.5% in January, the largest gain in six months. At 8:40 CDT Monday, the Canadian dollar was at US$0.9075 or US$=C$1.1019 which compares with Friday’s North […] Read more

By Commodity News Service Canada WINNIPEG, March 28 – The Canadian dollar closed weaker relative to the US dollar on Friday, as traders were less willing to take on risk due to concerns about slow economic growth in China. The Canadian dollar closed at US$0.9042 or US$1=C$1.1060 on Friday, which compares with Thursday’s North American […] Read more

By Commodity News Service Canada Winnipeg, March 28 – The Canadian dollar weakened against the US dollar at 11:50 CDT Friday, as concerns about slow economic growth in China weighed on the currency, analysts said. At 11:50 CDT Friday, the Canadian dollar was trading at US$0.9029, or US$1=C$1.1075, which compares with Thursday’s North American close […] Read more

By Commodity News Service Canada Winnipeg, March 28 – The Canadian dollar was relatively unchanged Friday morning, in the absence of strong domestic data. A new report by the Bank of Nova Scotia calls for the loonie to stay below 90 cents US through the end of next year. At 8:50 CDT Friday, the Canadian […] Read more

By Commodity News Service Canada WINNIPEG, March 27 – The Canadian dollar closed firmer relative to the US dollar on Thursday, as technical buying and improving risk appetite provided support, analysts said. The Canadian dollar closed at US$0.9064 or US$1=C$1.1032 on Thursday, which compares with Wednesday’s North American settlement of US$0.9022 or US$1=C$1.1084. Positive economic […] Read more

By Commodity News Service Canada Winnipeg, March 27 – The Canadian dollar strengthened against the US dollar at 11:51 CDT Thursday, lifted by technical-based buying, analysts said. At 11:51 CDT Thursday, the Canadian dollar was trading at US$0.9041, or US$1=C$1.1106, which compares with Wednesday’s North American close of US$0.9022, or US$=C$1.1084. Spillover support from the […] Read more

By Commodity News Service Canada Winnipeg, March 27 – The Canadian dollar was relatively unchanged Thursday morning, as it followed the up and down movement of other international currencies in the absence of strong domestic data. A report from RBC Capital Markets said the US/Canadian dollar pair consolidated in a tight range during Asian trading. […] Read more

By Commodity News Service Canada Winnipeg, March 26 – The Canadian dollar firmed against the US dollar at 11:49 CDT Wednesday, finding some support from the strength seen in the also commodity-linked currencies of Australia and New Zealand, analysts said. At 11:49 CDT Wednesday, the Canadian dollar was trading at US$0.8986, or US$1=C$1.1128, which compares […] Read more

By Commodity News Service Canada Winnipeg, March 26 – The Canadian dollar was holding steady Wednesday morning, finding some support in the overnight strength seen in the Australian and New Zealand currencies. A report from CanadianForex said the loonie has performed well along with the other commodity-based currencies. At 8:50 CDT Wednesday, the Canadian dollar […] Read more