Currency Markets

By Commodity News Service Canada WINNIPEG, Feb. 24 – The Canadian dollar closed stronger against the US dollar on Tuesday, jumping back above the 80 cents US mark. The advance was linked to a speech by Bank of Canada Stephen Poloz, which was less dovish than expected, analysts said. Poloz said the January interest rate […] Read more

Canadian Forex Midday: C$ Lower With Rate Hike Reassurances By Commodity News Service Canada Winnipeg, February 24 – The Canadian dollar was lower against its American counterpart at midday Tuesday, as the US Central Bank reassured investors it wasn’t looking to hike interest rates anytime soon. The loonie was at US$0.7989 or US$1 = C$1.2602 […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 24 The Canadian dollar moved lower against the US dollar Tuesday morning, as traders were shedding positions ahead of a US Federal Reserve speech, analysts said. Janet Yellen, the US Federal Reserve chairwoman, will speak on Tuesday, and Wednesday, and traders believe she could hint at an interest […] Read more

By Commodity News Service Canada Winnipeg, Feb. 23 – The Canadian dollar was weaker on Monday, as losses in crude oil and a firmer tone for the US dollar internationally weighed on the currency. The Canadian currency late in the afternoon was quoted at US$0.7952 or US$1=C$1.2576. This compares with Friday’s North American close of […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 23 The Canadian dollar was weaker Monday morning, as uncertainty over the Greek economic situation boosted the US dollar internationally at the expense of other currencies. An agreement to extend loans and implement some budgetary reforms in Greece was reached on Friday, and the Greek government will submit […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 20 – The Canadian dollar closed lower relative to the US dollar on Friday, reacting to weak Canadian retail sales data, analysts said. Statistics Canada said retail sales declined by 2.0 per cent to C$42.1 billion in December 2014, the largest drop since April of 2010. The Canadian […] Read more

By Commodity News Service Canada Winnipeg, February 20 – The Canadian dollar was lower against its American counterpart at midday Friday, as growing inventories of US crude pressured oil prices. The loonie was at US$0.7989 or US$1 = C$1.2513 at 11:55 CST Friday morning. Despite the lower prices the Canadian Energy Research Institute says Canada’s […] Read more

By Commodity News Service Canada Winnipeg, February 20 – The Canadian dollar was lower against its American counterpart Friday morning, after a report indicated retail sales in Canada slumped by two percent in December. That was much larger than the 0.4 percent drop analysts had predicted. At 8:50 CST Friday morning, the loonie was down […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 19 – The Canadian dollar closed sharply lower against the US dollar Thursday, undermined by falling crude oil values, analysts said. The Canadian dollar closed at US$0.8001 or US$1=C$1.2498 on Thursday, which compares with Wednesday’s North American settlement of US$0.8053 or US$1=C$1.2418. Further downward pressure came from Bank […] Read more

By Commodity News Service Canada Winnipeg, February 19 – The Canadian dollar was lower against its American counterpart at midday Thursday, as reports of growing US oil inventories pulled down crude prices. The loonie was at US$0.8000 or US$1 = C$1.2000 at 11:50 CST Thursday morning. The American Petroleum Institute found that US oil inventories […] Read more