Currency Markets

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

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