Currency Markets

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

By Commodity News Service Canada Winnipeg, March 19 – The Canadian dollar fell, relative to its U.S. counterpart, Wednesday morning in early trading as markets continued to react to dovish comments from Bank of Canada Governor Stephen Poloz. The loonie traded near a new four-and-a-half year low a day after the Governor indicated a future […] Read more

By Commodity News Service Canada WINNIPEG, March 18 – The Canadian dollar moved sharply lower against the US dollar on Tuesday, after Bank of Canada governor Stephen Poloz made dovish remarks about Canadian interest rates going forward, analysts said. Poloz said during a speech that he expects inflation was lackluster during the month of February […] Read more

By Commodity News Service Canada Winnipeg, March 18 – The Canadian dollar held steady Tuesday morning as investors waited to hear a speech from bank of Canada Governor Stephen Poloz. A new Canadian manufacturing report showed Canadian sales rose by 1.5% in January, the fastest pace of growth in 11 months. The new numbers from […] Read more

By Commodity News Service Canada WINNIPEG, March 17 – The Canadian dollar firmed relative to the US dollar on Monday as traders were more willing to take on risk after Sunday’s vote in Crimea saw an overwhelming percentage of the population chose to join Russia. As a result, other countries imposed sanctions on the vote, […] Read more

By Commodity News Service Canada WINNIPEG, March 17 – The Canadian dollar was stronger at midday Monday, with easing tensions in Ukraine said to be providing some support for riskier assets. At 11:50 CST, the Canadian dollar was trading at US$0.9050 or US$1=C$1.1050 which compares with Friday’s close of US$0.9013 or US$=C$1.1095. The people of […] Read more

By Commodity News Service Canada Winnipeg, March 17 – The Canadian dollar made modest gains against its U.S. counterpart Monday morning as international tensions over the situation in Ukraine appear to have subsided. An overwhelming vote in favour of Crimea joining Russia has been met with little fanfare by investors. Meanwhile, China’s announcement it is […] Read more

By Commodity News Service Canada WINNIPEG, March 14 – The Canadian dollar eased relative to the US dollar on Friday amid a lack of risk sentiment due to concerns about political problems in Ukraine, analysts said. Traders were also being cautious ahead of the weekend, as residents of Crimea will vote whether to stay with […] Read more

By Commodity News Service Canada Winnipeg, March 14 – The Canadian dollar was weaker, dropping more than a third of a cent against the US dollar at 11:52 CDT Friday. Nervousness ahead of Sunday’s vote in Crimea had traders avoiding riskier assets, including the Canadian dollar, analysts said. Residents in the Crimea region of Ukraine […] Read more

By Commodity News Service Canada Winnipeg, March 14 – The Canadian dollar dipped slightly Friday morning as investors remained cautious in the face of a looming vote in Ukraine that could see residents of Crimea voting to join Russia. Statistics Canada released a quarterly report on the national balance sheet that shows the ratio of […] Read more