Currency Markets

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by favourable Canadian economic data, industry watchers said. According to Statistics Canada, the average weekly earnings of a non-farm payroll employee were up 0.9% in November to C$928. On a year- over-year outlook, […] Read more

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by stronger-than-expected Canadian economic data, industry watchers said. According to Statistics Canada, weekly earnings of non-farm payroll employees were up 0.9% to C$928 in November. Looking at the year-over-year basis, weekly earnings were up […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 29 – The Canadian dollar moved lower against the US dollar after the US Federal Reserve announced further stimulus cutbacks on Wednesday. The US Fed announced they will be reducing their monthly bond purchases by another US$10 billion, to US$65 billion, due to improving economic conditions in the […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was slightly stronger against its US counterpart at midday Wednesday, as traders position themselves ahead of the afternoon’s US Federal Reserve interest rate announcement, industry watchers said. The Fed tapered asset purchases by US$10 billion a month in December, and currently spend US$75 […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar opened stronger against its US counterpart on Wednesday, as traders position themselves ahead of the US Federal Reserve’s interest rate announcement in the afternoon, industry watchers said. The Fed tapered asset purchases by US$10 billion a month in December, and currently spend US$75 […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 28 – The Canadian dollar dropped sharply on Tuesday, losing more than a third of a cent against its US counterpart. The Canadian currency closed at US$0.8964 or US$1=C$1.1156 on Tuesday, which compares with Monday’s North American settlement of US$0.8999 or US$=C$1.1112. Economic growth concerns in emerging countries […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar was significantly weaker against its US counterpart at midday Tuesday, falling to its lowest level since July 2009 amid worries about currencies in emerging markets, industry watchers said. Losses seen in commodities, including copper and gold, added to the bearish tone. Traders are […] Read more

By Commodity News Service Canada Winnipeg, January 28 – The Canadian dollar opened significantly weaker against its US counterpart on Tuesday, falling to its lowest level since July 2009 amid worries about currencies in emerging markets, industry watchers said. Spillover from the losses seen in gold added to the bearish tone, brokers said. Traders are […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 27 – The Canadian dollar eased on Monday, closing just below the 90 cents US mark. Nervousness surrounding the upcoming US Federal Reserve decision about whether or not to ease stimulus measures further on Wednesday was behind some of the weakness, analysts said. The Canadian currency closed at […] Read more

By Commodity News Service Canada Winnipeg, January 27 – The Canadian dollar was weaker against its US counterpart at midday Monday, as a lack of fresh economic indicators had the loonie trading up and down during the morning, industry watchers said. Losses seen in commodities, including gold, copper and crude oil, added to the bearish […] Read more