Currency Markets

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

By Commodity News Service Canada WINNIPEG, Feb. 6 – The Canadian dollar firmed against the US dollar on Thursday amid positioning ahead of Friday’s employment data from the US and Canada, analysts said. The Canadian dollar closed at US$0.9033 or US$1=C$1.1070 on Thursday, which compares with Wednesday’s North American settlement of US$0.9025 or US$=C$1.1080. Some […] Read more

By Commodity News Service Canada Winnipeg, MB, February 6, 2014 (CNS Canada) – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by better-than-expected Canadian economic data, industry watchers said. The Ivey Purchasing Managers Index was 56.8 in January, which was well above the forecast of 52.9 from economists. Gains seen […] Read more

By Commodity News Service Canada Winnipeg, February 6 – The Canadian dollar opened lower against its US counterpart on Thursday, undermined by weaker-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, Canada’s trade deficit with the world widened to C$1.7 billion in December from C$1.5 billion in November. Economists were expecting the deficit […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 5 – The Canadian dollar was nearly unchanged against the US dollar on Wednesday, as traders were being cautious ahead of the release of Canadian and US employment data on Friday, February 7, analysts said. Positioning ahead of a European Central Bank (ECB) meeting on Thursday, February 6, […] Read more

By Commodity News Service Canada Winnipeg, February 5 – The Canadian dollar was weaker against its US counterpart at midday Wednesday, undermined by poor Canadian economic data, industry watchers said. According to Statistics Canada, building permits were down 4.1% to C$6.5 billion in December, following a 6.6% decline seen in November. Economists were expecting permits […] Read more

By Commodity News Service Canada Winnipeg, February 5 – The Canadian dollar opened lower against its US counterpart on Wednesday, undermined by weaker-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, building permits declined by 4.1% to C$6.5 billion in December, following a 6.6% decrease seen in November. Economists were expecting permits to […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 4 – The Canadian dollar firmed against the US dollar on Tuesday amid continued optimism that the US government may approve the Keystone XL Pipeline project, which would result in increased Canadian oil exports. The Canadian currency was at US$0.9026 or US$1=C$1.1079 at the close on Tuesday, which […] Read more

By Commodity News Service Canada Winnipeg, February 4 – The Canadian dollar was stronger against its US counterpart at midday Tuesday, underpinned by growing optimism that the Keystone XL pipeline could get US approval, industry watchers said. Further strength came from reports that Canada will see increased growth in its economy in 2014, participants said. […] Read more