Currency Markets

By Commodity News Service Canada WINNIPEG, March 4 – The Canadian dollar closed lower on Tuesday, undermined by positioning ahead of Wednesday’s Bank of Canada policy announcement, analysts said. The Canadian dollar closed at US$0.9009 or US$1=C$1.1100 on Tuesday, which compares with Monday’s North American settlement of US$0.9022 or US$=C$1.1084. Spillover pressure from the sharp […] Read more

By Commodity News Service Canada WINNIPEG, March 4 The Canadian dollar was up slightly against the US dollar Tuesday morning, as concerns about the political problems in Ukraine and Russia are starting to ease a little bit, analysts said. At 8:48 CST Tuesday the Canadian dollar was at US$0.9030 or US$=C$1.1074, which compares with Monday’s […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The Canadian dollar closed lower as traders were avoiding risk due to concerns about the political turmoil between Ukraine and Russia, analysts said. The Canadian dollar closed at US$0.8980 or US$1=C$1.1136 on Monday, which compares with Friday’s North American settlement of US$0.9030 or US$=C$1.1075. The loonie’s […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The Canadian dollar was slightly weaker at midday Monday, as the mounting tensions in Ukraine had investors backing away from riskier assets. At 11:37 CST, the Canadian dollar was trading at US$0.9021 or US$1=C$1.1085 which compares with Friday’s close of US$0.9030 or US$=C$1.1075. Better-than-expected domestic economic […] Read more

By Commodity News Service Canada WINNIPEG, March 3 The Canadian dollar was slightly weaker Monday morning against the US dollar. Traders were avoiding risk due to concerns about the ongoing political problems between Russia and Ukraine, analysts said. However, the loonie’s losses were limited by positive Canadian industrial product data. According to Statistics Canada, the […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 28 – The Canadian dollar closed higher, as data showed better than expected annual Canadian inflation figures, analysts said. The Canadian economy grew at an annualized rate of 2.9 per cent in the fourth quarter, beating expectations of a 2.5 per cent growth, Statistics Canada said. The Canadian […] Read more

By Commodity News Service Canada Winnipeg, February 28 – The Canadian dollar strengthened against the US dollar at midday Friday, lifted by better than expected annual domestic GDP data, analysts said. Statistics Canada reported that the Canadian economy grew at an annualized rate of 2.9 per cent in the fourth quarter, beating expectations of a […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 27 – The Canadian dollar closed fractionally weaker against the US dollar on Thursday. Better than expected Canadian trade data helped to offset the liquidation of riskier assets due to concerns about political problems in Ukraine, analysts said. Statistics Canada reported that the country’s trade deficit grew to […] Read more

By Commodity News Service Canada Winnipeg, February 27 – The Canadian dollar was slightly weaker compared to the US dollar at midday Thursday, as traders were avoiding risk due to concerns about political problems in Ukraine, analysts said. At 11:42 CDT Thursday, the Canadian dollar was trading at US$0.8977, or US$1=C$1.1140, which compares with Wednesday’s […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 26 – The Canadian dollar closed below the 90 cents US mark on Wednesday, undermined by expectations that Canada’s trade deficit with the world widened in the fourth quarter of 2013, analysts said. Statistics Canada will release trade deficit figures on Thursday. The Canadian dollar closed at US$0.8986 […] Read more