Currency Markets

By Commodity News Service Canada WINNIPEG, Feb. 11 – The Canadian dollar closed lower against the US dollar on Wednesday, easing along with crude oil values, analysts said. The oil market moved lower in reaction to recent news that US inventories of crude oil are at record high levels. The Canadian dollar closed at US$0.7911 […] Read more

By Commodity News Service Canada Winnipeg, Feb. 11 – The Canadian dollar was weaker relative to the US dollar Wednesday, as crude oil values moved below the $50 per barrel mark. At 11:50 CST Wednesday, the Canadian dollar was trading at US$0.7914 or US$1=C$1.2636, which compares with Tuesday’s North American close of US$0.7953 or US$1=C$1.2574. […] Read more

By Commodity News Service Canada Winnipeg, February 11 – The Canadian dollar was lower against its American counterpart Wednesday morning, as doubts swirled over Greece’s economic future. At 8:45 CST Wednesday morning, the loonie was down 0.0029 of a cent to US$0.7916 or US$1 = C$1.2632. Eurozone finance ministers are meeting this week with Greece’s […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 10 – The Canadian dollar closed sharply lower on Tuesday, undermined by a dovish statement from Bank of Canada officials, analysts said. A senior official at the Bank of Canada said the bank will do what it takes to get inflation in the country back to 2 per […] Read more

By Commodity News Service Canada Winnipeg, Feb. 10 – The Canadian dollar moved sharply lower relative to the US dollar at midday Tuesday, following the weakness seen in crude oil values, analysts said. At 11:48 CST Tuesday, the Canadian dollar was trading at US$0.7953 or US$1=C$1.2574, which compares with Monday’s North American close of US$0.8022 […] Read more

By Commodity News Service Canada Winnipeg, February 10 – The Canadian dollar was lower against its American counterpart Tuesday morning, as falling oil prices and weak Chinese data cast a chill over the market. At 8:45 CST Monday morning, the loonie was down 0.0031 of a cent to US$0.7987 or US$1 = C$1.2520. Oil prices […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 9 – The Canadian dollar closed firmer on Monday, following the strength seen in crude oil values, analysts said. The Canadian dollar closed at US$0.8022 or US$1=C$1.2465 on Monday, which compares with Friday’s North American settlement of US$0.7985 or US$1=C$1.2524. General weakness in the US dollar and positive […] Read more

By Commodity News Service Canada Winnipeg, Feb. 9 – The Canadian dollar eased relative to the US dollar at midday Monday, reacting to concerns about slow economic growth in China, analysts said. Chinese imports fell 19.7 per cent last month, compared to a year ago. Exports were down 3.2 per cent year-on-year, following a 9.7 […] Read more

By Commodity News Service Canada Winnipeg, February 9 – The Canadian dollar was lower against its American counterpart Monday morning, as oil prices experienced volatility. At 8:45 CST Monday morning, the loonie was down 0.0011 of a cent to US$0.7972 or US$1 = C$1.2543. Traders attempted to find a bottom to plunging oil prices as […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 6 – The Canadian dollar closed sharply lower on Friday, reacting to positive US jobs data, as it indicated the US economy continues to improve, analysts said. The US Labor Department said 257,000 new jobs were created last month, above pre-report expectations of about 233,000 new jobs. The […] Read more