Currency Markets

By Commodity News Service Canada WINNIPEG, April 10 – The Canadian dollar was slightly firmer against the US dollar on Friday, seeing some short covering ahead of the weekend as crude oil values rose, analysts said. The Canadian dollar closed at US$0.7949 or US$1=C$1.2580 on Friday, which compares with Thursday’s North American settlement of US$0.7942 […] Read more

By Commodity News Service Canada Winnipeg, April 10 – The Canadian dollar was slightly lower against its US counterpart at midday Friday, as a rise in Canadian employment figures reinforced ideas the Bank of Canada will not look to cut interest rates. The loonie was at US$0.7941 or US$1 = C$1.2593 at 11:45 CDT Friday […] Read more

By Commodity News Service Canada WINNIPEG, April 10 The Canadian dollar was slightly higher relative to the US dollar Friday morning, finding support from better than expected Canadian employment data, analysts said. According to Statistics Canada, 29,000 new jobs were created in March, while the unemployment rate remained unchanged at 6.8 per cent. Pre-report guesses […] Read more

By Commodity News Service Canada WINNIPEG, April 9 – The Canadian dollar was softer relative to the US currency Thursday, as traders evened positions ahead of Friday’s Canadian employment data release, analysts said. The Canadian dollar closed at US$0.7942 or US$1=C$1.2592 on Thursday, which compares with Wednesday’s North American settlement of US$0.7976 or US$1=C$1.2538. Some […] Read more

By Commodity News Service Canada Winnipeg, April 9 – The Canadian dollar was little changed against its US counterpart at midday Thursday, despite a rise in crude oil futures. The loonie was at US$0.7951 or US$1 = C$1.2516 at 11:45 CDT Thursday morning. Canadian plane and train maker, Bombardier, announced a management shakeup on Thursday. […] Read more

By Commodity News Service Canada WINNIPEG, April 9 The Canadian dollar was weaker relative to its US counterpart Thursday morning, reacting to general strength in the US dollar index, analysts said. At 8:41 CDT Thursday, the Canadian dollar was at US$0.7959 or US$=C$1.2564, which compares with Wednesday’s North American close of US$0.7976 or US$1=C$1.2538. Ongoing […] Read more

By Commodity News Service Canada WINNIPEG, April 8 – The Canadian dollar ended weaker against the US dollar on Wednesday, after moving sharply higher earlier in the day. The Canadian currency’s decline was linked to a sharp drop in crude oil values, which were down more than 5.5 per cent on Wednesday, analysts said. The […] Read more

By Commodity News Service Canada Winnipeg, April 8 – The Canadian dollar was slightly lower against its American counterpart at midday Wednesday, weighed down by losses in crude oil and gold. The loonie was at US$0.7990 or US$1 = C$1.2516 at 11:45 CDT Wednesday morning. Canadian Prime Minister Stephen Harper slammed the door on any […] Read more

By Commodity News Service Canada WINNIPEG, April 8 The Canadian dollar was up sharply against its US counterpart Wednesday morning, reacting to positive merger and acquisition news out of Asia and Europe overnight, analysts said. At 8:48 CDT Wednesday, the Canadian dollar was at US$0.8050 or US$=C$1.2422, which compares with Tuesday’s North American close of […] Read more

By Commodity News Service Canada WINNIPEG, April 7 – The Canadian dollar was weaker on Tuesday, as relative strength in the US dollar index weighed on the currency, analysts said. Traders were shedding riskier assets in favour of the US dollar as some of them believe the US economy is still showing signs of growth. […] Read more