Currency Markets

By Commodity News Service Canada Winnipeg, March 25 – The Canadian dollar changed little Tuesday morning in the absence of any internal local drivers. “There is no data for the remainder of the week, leaving USD/CAD trading off of broader themes,” currency analysts at Scotiabank said in a report. At 8:40 CDT Tuesday, the Canadian […] Read more

By Commodity News Service Canada WINNIPEG, March 24 – The Canadian dollar was slightly firmer against the US dollar on Monday, recovering from a recent sharp drop, analysts said. Ideas that last week’s declines were overdone and the market needed to correct higher were behind the upward move on Monday. The Canadian dollar closed at […] Read more

By Commodity News Service Canada Winnipeg, March 24 – The Canadian dollar eased against the US dollar at 11:55 CDT Monday, undermined by disappointing Chinese economic data, analysts said. The Chinese HSBC purchasing managers’ index dropped to 48.1 in March, from 48.5 in February, the lowest reading since July 2013. At 11:55 CDT Monday, the […] Read more

By Commodity News Service Canada Winnipeg, March 24 – The Canadian dollar changed little Monday morning as it consolidated after volatile trading last week. Statements from both the Bank of Canada and U.S. Federal Reserve prompted a flurry of whippy trading last week. This week is expected to be much calmer with no major economic […] Read more

By Commodity News Service Canada WINNIPEG, March 21 – The Canadian dollar was stronger relative to the US dollar on Friday, lifted by positive Canadian economic data, analysts said. Canadian retail sales data came in better than expected at 1.3 per cent in January, beating the 0.7 per cent gain economists forecasted, Statistics Canada data […] Read more

By Commodity News Service Canada Winnipeg, March 21 – The Canadian dollar rallied Friday morning on the strength of Canada’s consumer price index, which came closer to the Bank of Canada’s medium-term forecast. Statistics Canada says consumer prices rose 1.1% in the 12 months up to February, well ahead of the market forecast of 0.9%, […] Read more

By Commodity News Service Canada WINNIPEG, March 20 – The Canadian dollar was little changed relative to the US dollar on Thursday, consolidating after dropping sharply on Wednesday. The Canadian dollar closed at US$0.8895 US$1=C$1.1242 on Thursday, which compares with Wednesday’s North American settlement of US$0.8893 US$1=C$1.1245. The lack of movement was also linked to […] Read more

By Commodity News Service Canada Winnipeg, March 20 – The Canadian dollar continued to fall Thursday morning as speeches from Bank of Canada governor, Stephen Poloz, and Chairwoman of the U.S. Federal Reserve, Janet Yellen, continued to rattle investors, analysts said. Poloz suggested a period of slow economic growth could be on the horizon, while […] Read more

By Commodity News Service Canada WINNIPEG, March 19 – The Canadian dollar down sharply against the US dollar on Wednesday, reaching four-year lows. Tuesday’s dovish remarks from Bank of Canada governor Stephen Poloz continued to be bearish for the loonie, analysts said. Poloz said interest rates will remain low fro now, and didn’t rule out […] Read more

By Commodity News Service Canada WINNIPEG, March 19 – The Canadian dollar was weaker at midday Wednesday, dropping to its lowest levels relative to its US counterpart in over four years as the currency markets continued to react to recent comments made by Bank of Canada governor Stephen Poloz. At 11:41 CDT, the Canadian dollar […] Read more