Currency Markets

By Commodity News Service Canada WINNIPEG, Jan. 16 – The Canadian dollar was higher against the US dollar on Thursday, as the currency continued to stabilize after falling sharply recently, analysts said. Disappointing US inflation data was supportive for the loonie. The US government reported that inflation was up to only 1.5 per cent on […] Read more

By Commodity News Service Canada Winnipeg, January 16 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by favourable technical signals, market watchers said. According to analysts, the US dollar’s inability to break through C$1.1000 in the previous session could mean its strength against the loonie is slowing. Gains seen […] Read more

By Commodity News Service Canada Winnipeg, January 16 – The Canadian dollar opened stronger against its US counterpart on Thursday, underpinned by positive technical signals, according to industry watchers. Analysts said the US dollar’s inability to break through C$1.1000 in the previous session means its strength against the loonie could be slowing. Gains seen in […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 15 – The Canadian dollar was little changed on Wednesday, seeing a consolidation following recent sharp declines, analysts said. Some support came from short covering ahead of next week’s Bank of Canada policy announcement, where interest rates are expected to remain unchanged. Strong crude oil prices were also […] Read more

By Commodity News Service Canada Winnipeg, January 15 – The Canadian dollar was stronger against its US counterpart at midday Wednesday, as the loonie reversed some early session losses after falling to a four-year low, industry watchers said. Gains seen in commodities, including crude oil and copper, were bullish, as were ideas that the Canadian […] Read more

By Commodity News Service Canada Winnipeg, January 15 – The Canadian dollar opened slightly weaker against its US counterpart on Wednesday, falling to a fresh four-year low amid poor Canadian housing data, industry watchers said. According to the Canadian Real Estate Association, sales of existing homes in December dropped 1.8% from November. Losses seen in […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 14 – The Canadian dollar dropped sharply on Tuesday, losing more than three-quarters of a cent against the US dollar. Strong US economic data, which could encourage more stimulus easing measures in the US, was bearish, analysts said. Retail sales in the US increased by 0.2 per cent […] Read more

By Commodity News Service Canada Winnipeg, January 14 – The Canadian dollar moved significantly lower against its US counterpart at midday Tuesday, falling more than half a cent amid stronger-than-expected US economic data, industry watchers said. According to the US Department of Commerce, retail sales were up 0.2% in December, beating economists’ expectations of a […] Read more

By Commodity News Service Canada Winnipeg, January 14 – The Canadian dollar opened significantly weaker against its US counterpart on Tuesday, falling more than half a cent amid stronger-than-expected US economic data, industry watchers said. According to the US Department of Commerce, retails sales were up 0.2% in December, beating economists’ expectations of a 0.1% […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 13 – The Canadian dollar moved higher against the US dollar on Monday, seeing a corrective recovery following last week’s sharp decline, analysts said. The Canadian currency closed at US$0.9220 or US$1=C$1.0846 on Monday, which compares with Friday’s North American settlement of US$0.9173 or US$=C$1.0901. Further support came […] Read more