Currency Markets

By Commodity News Service Canada WINNIPEG, March 6 – The Canadian dollar closed sharply lower against the US dollar on Friday, reacting to positive US employment data, analysts said. The US Labour Department said 295,000 new jobs were created in the US last month, beating expectations of 245,000 new jobs. The positive data fuelled speculation […] Read more

By Commodity News Service Canada Winnipeg, March 6 – The Canadian dollar was down sharply relative to the US dollar on Friday, reacting to strong US employment data, analysts said. The US Labour Department said 295,000 new jobs were created in the US last month, beating expectations of 245,000 new jobs. The positive data fuelled […] Read more

By Commodity News Service Canada Winnipeg, March 6 – The Canadian dollar was lower against its American counterpart Friday morning, after US job report data came out better than expected. At 8:45 CST Friday morning, the loonie was down 0.0077 of a cent to US$0.7933 or US$1 = C$1.2605. The US economy created just under […] Read more

By Commodity News Service Canada WINNIPEG, March 5 – The Canadian dollar closed sharply lower against the US dollar on Thursday, dropping back below the 80 cents US mark. Broad strength in the US dollar index was contributing the Canadian currency’s weakness, as were declines in crude oil and gold, analysts said. The Canadian dollar […] Read more

By Commodity News Service Canada Winnipeg, March 5 – The Canadian dollar weakened against the US dollar at midday Thursday, with broad strength in the US dollar index weighing on the currency. At 11:37 CST Thursday, the Canadian dollar was trading at US$0.8004 or US$1=C$1.2494, which compares with Wednesday’s North American close of US$0.8054 or […] Read more

By Commodity News Service Canada Winnipeg, March 5 – The Canadian dollar was lower against its American counterpart Thursday morning, as the effects of a decision by the Bank of Canada continued to ripple through the financial community. The central bank announced it was leaving the key rate unchanged at 0.75 percent. At 8:55 CST […] Read more

By Commodity News Service Canada WINNIPEG, March 4 – The Canadian dollar closed sharply higher against the US dollar Wednesday, gaining nearly half a cent after the Bank of Canada decided to keep interest rates unchanged at 0.75 per cent. The central banked also noted that financial conditions have improved since the rate cut made […] Read more

By Commodity News Service Canada Winnipeg, March 4 – The Canadian dollar moved higher against the US dollar at midday Wednesday, reacting to news that the Bank of Canada is keeping interest rates unchanged at 0.75 per cent, analysts said. In the weeks prior to Wednesday morning’s announcement, some traders feared the central bank would […] Read more

By Commodity News Service Canada Winnipeg, March 4 – The Canadian dollar was lower against its American counterpart Wednesday morning, as investors waited to hear an announcement later this morning from the Bank of Canada. Most analysts believe the central bank will hold interest rates steady after cutting the rate by a quarter of a […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The Canadian dollar closed stronger relative to the US dollar on Tuesday, underpinned by positive Canada economic growth data, analysts said. Statistics Canada reported real gross domestic product (GDP) grew 0.6 per cent in the final quarter of 2014. In December, GDP grew 0.3 per cent, […] Read more