Currency Markets

By Commodity News Service Canada Winnipeg, March 11 – The Canadian dollar opened Tuesday relatively unchanged against its US counterpart, as markets remained cautious in the face of international tensions between Russia and Ukraine. The Canadian government has announced a free-trade deal with South Korea, one that promises to eventually eliminate most tariffs. However some […] Read more

By Commodity News Service Canada WINNIPEG, March 10 – The Canadian dollar closed lower against its US counterpart on Monday, following weak commodity prices due to disappointing Chinese trade data, analysts said. The Canadian dollar closed at US$0.9008 US$1=C$1.1101 on Monday, which compares with Friday’s North American settlement of US$0.9017 or US$=C$1.1090. Friday’s Statistics Canada […] Read more

By Commodity News Service Canada Winnipeg, March 10 – The Canadian dollar eased against the US dollar at 11:39 CDT Monday, following the declines seen in crude oil values due to disappointing Chinese trade data, analysts said. At 11:39 CDT Monday, the Canadian dollar was trading at US$0.9004, or US$1=C$1.1106, which compares with Friday’s North […] Read more

By Commodity News Service Canada WINNIPEG, March 10 – The Canadian dollar was slightly weaker Monday morning, as a generally softer tone in the equity and commodity markets weighed on the currency. At 9:04 CDT Monday morning the Canadian dollar was at US$0.9011 or C$1.1098 which compares with Friday’s North American close of US$0.9017, or […] Read more

By Commodity News Service Canada WINNIPEG, March 7 – The Canadian dollar closed sharply lower against the US dollar, undermined by disappointing Canadian employment data paired with positive US jobs figures, analysts said. Statistics Canada reported that 7,000 jobs were lost in Canada during the month of February, while the unemployment rate remained steady at […] Read more

By Commodity News Service Canada WINNIPEG, March 7 The Canadian dollar was down sharply against the US dollar Friday morning, undermined by disappointing Canadian employment data, analysts said. Statistics Canada reported that 7,000 jobs were lost in Canada during the month of February, while the unemployment rate remained steady at 7 per cent. Expectations called […] Read more

By Commodity News Service Canada WINNIPEG, March 6 – The Canadian dollar closed stronger against the US dollar on Thursday, settling just below the 91 cents US mark. The Canadian dollar closed at US$0.9098 or US$1=C$1.0992 on Thursday, which compares with Wednesday’s North American settlement of US$0.9060 r US$=C$1.1038. A broad sell-off in the US […] Read more

By Commodity News Service Canada WINNIPEG, March 6 The Canadian dollar firmed against the US dollar Thursday morning, lifted by strong Canadian housing data, analysts said. Statistics Canada reported the total value of building permits issued by Canadian municipalities rose 8.5 per cent to C$7 billion in January. Expectations called for a 1.7 per cent […] Read more

By Commodity News Service Canada WINNIPEG, March 5 – The Canadian dollar closed sharply higher Wednesday, gaining more than half a cent against the US dollar. Short covering following the Bank of Canada’s announcement, which kept interest rates and the outlook for Canada’s economy unchanged, helped the currency move higher. The Canadian dollar closed at […] Read more

By Commodity News Service Canada WINNIPEG, March 5 The Canadian dollar firmed against the US dollar Wednesday morning as traders were awaiting the Bank of Canada’s policy announcement at 9:00 CST. At 8:41 CST Wednesday the Canadian dollar was at US$0.9025 or US$=C$1.1080, which compares with Tuesday’s North American close of US$0.9009 or US$=C$1.1100. News […] Read more