Currency Markets

By Commodity News Service Canada Winnipeg, January 27 – The Canadian dollar opened stronger against its US counterpart on Monday, reversing some of the sharp losses seen in the previous week, industry watchers said. However, losses seen in commodities, including gold and copper, limited any further gains. Traders are also looking ahead to Wednesday’s interest […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 24 – The Canadian dollar firmed against the US dollar on Friday, seeing an upward correction ahead of the weekend, analysts said. Short covering following a recent sharp drop in the value of the Canadian dollar was responsible for some of the upward movement. Stronger gold prices were […] Read more

By Commodity News Service Canada Winnipeg, January 24 – The Canadian dollar was stronger against its US counterpart at midday Friday, underpinned by Canadian economic data that was in line with trade expectations, market watchers said. According to Statistics Canada, Canada’s core inflation on a year- over-year basis in December was 1.2%, which was what […] Read more

By Commodity News Service Canada Winnipeg, January 24 – The Canadian dollar opened stronger against its US counterpart on Friday, underpinned by Canadian economic data that was in line with economists’ estimates, industry watchers said. According to Statistics Canada, Canada’s core inflation on a year- over-year basis in December was 1.2%, which was what trade […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 23 – The Canadian dollar closed only slightly lower, after trading well below the 90 cents US mark for most of the day on Thursday. The loonie’s decline was linked to disappointing Chinese manufacturing data, as well as Thursday’s dovish Bank of Canada policy announcement. But, bargain hunting […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar was significantly weaker against its US counterpart at midday Thursday, falling below the 90 US cent level earlier in the morning amid Wednesday’s dovish Bank of Canada policy announcement, industry watchers said. Further weakness came after the US dollar was finally able to […] Read more

By Commodity News Service Canada Winnipeg, January 23 – The Canadian dollar opened weaker against its US counterpart on Thursday, falling below 90 US cents amid Wednesday’s dovish Bank of Canada policy announcement, industry watchers said. Further weakness came after the US dollar was finally able to settle above resistance seen at the key technical […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 22 – The Canadian dollar closed sharply lower, losing almost a full cent against the US dollar on Wednesday. A dovish Bank of Canada (BoC) policy announcement sparked the downward price slide, analysts said. The BoC left interest rates unchanged, but said it will take longer for the […] Read more

By Commodity News Service Canada Winnipeg, MB, January 22, 2014 (CNS Canada) – The Canadian dollar was down over three-quarters of a cent against its US counterpart at midday Wednesday, undermined by the Bank of Canada’s (BoC) dovish interest rate announcement, industry watchers said. According to the BoC, inflation is expected to remain lower-than- anticipated […] Read more

By Commodity News Service Canada Winnipeg, January 22 – The Canadian dollar opened slightly stronger against its US counterpart on Wednesday, as traders position themselves ahead of the Bank of Canada’s interest rate announcement at 9:00 CST, industry watchers said. The loonie found some strength from the US dollar’s inability to settle above resistance at […] Read more