Currency Markets

By Commodity News Service Canada Winnipeg, February 12 – The Canadian dollar opened stronger against its US counterpart on Wednesday, underpinned by a favourable outlook from Tuesday afternoon’s federal budget, industry watchers said. According to Finance Minister Jim Flaherty, Canada’s deficit is forecast to narrow to C$2.9 billion in 2014/15, leading to an expected budget […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 11 – The Canadian dollar firmed against its US counterpart on Tuesday, supported by weakness in the US dollar, analysts said. The Canadian dollar closed at US$0.9077 or US$1=C$1.1017 on Tuesday, which compares with Monday’s North American settlement of US$0.9046 or US$=C$1.1055. Sharply higher gold prices spilled over […] Read more

By Commodity News Service Canada Winnipeg, MB, February 11, 2014 (CNS Canada) – The Canadian dollar was stronger against its US counterpart at midday Tuesday, as traders positioned themselves ahead of the federal government’s 2014/15 fiscal year budget, which is scheduled to be released late Tuesday afternoon, industry watchers said. Spillover from the large gains […] Read more

By Commodity News Service Canada Winnipeg, February 11 – The Canadian dollar opened slightly weaker against its US counterpart on Tuesday, undermined by expectations that US Federal Reserve Chairwoman Janet Yellen will continue with the tapering of the Fed’s monthly bond-buying program, industry watchers said. However, gains seen in commodities, including gold and crude oil, […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 10 – The Canadian dollar closed weaker compared to the US dollar on Monday, undermined by profit taking after Friday’s advance, analysts said. The Canadian dollar closed at US$0.9046 or US$1=C$1.1055 on Monday, which compares with Friday’s North American settlement of US$0.9059 or US$=C$1.1039. Disappointing Canadian housing starts […] Read more

By Commodity News Service Canada Winnipeg, February 10 – The Canadian dollar was slightly weaker against its US counterpart at midday Monday, undermined by disappointing Canadian economic data, industry watchers said. Canada Mortgage and Housing Corp. said Canadian housing starts were down 3.7% in January to an annual rate of 180,248 units. Economists were expecting […] Read more

By Commodity News Service Canada Winnipeg, February 10 – The Canadian dollar opened weaker against its US counterpart on Monday, undermined by disappointing Canadian economic data, industry watchers said. According to the Canada Mortgage and Housing Corp., Canadian housing starts were down 3.7% to an annual rate of 180,248 units in January. Economists were expecting […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 7 – The Canadian dollar closed stronger against its US counterpart on Friday, aided by better than expected Canadian employment data, analysts said. Statistics Canada reported that employment rose by 29,000 jobs in January, beating expectations that 20,000 new jobs would be added to the economy. Unemployment also […] Read more

By Commodity News Service Canada Winnipeg, February 7 – The Canadian dollar was significantly stronger against its US counterpart at midday Friday, underpinned by better-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, the Canadian economy added 29,000 jobs in January, which was above the 20,000 job increase economists were expecting. The unemployment […] Read more

By Commodity News Service Canada Winnipeg, February 7 – The Canadian dollar opened significantly stronger against its US counterpart on Friday, gaining over half a cent early in the session amid stronger-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, the Canadian economy added 29,000 jobs in January, which was above the 20,000 […] Read more