Currency Markets

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar was higher against its American counterpart at midday Monday, on the back of advancing oil prices. The loonie was at US$0.7957 or US$1 = C$1.2567 at 11:50 CST Monday morning. New data suggested drilling rigs in North America may be slashed by 30 […] Read more

By Commodity News Service Canada WINNIPEG, Feb. 2 – The Canadian dollar was stronger Monday morning, as gains in crude oil helped the energy-linked currency show some improvement. At 9:18 CST Monday morning the Canadian dollar was at US$0.7938 or C$1.2598 which compares with Friday’s North American close of US$0.7867, or C$1.2711. Softer-than-expected US spending […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 30 – The Canadian dollar ended sharply lower relative to the US dollar on Friday, reacting to disappointing Canadian gross domestic product (GDP) data, analysts said. Statistics Canada reported Canada’s GDP dropped by 0.2 per cent in November, while pre-report expectations called for a flat reading. The Canadian […] Read more

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar was lower against its American counterpart at midday Friday, as worrying figures regarding the country’s economy cast a bearish tone. The loonie was at US$0.7859 or US$1 = C$1.2724 at 11:50 CST Friday morning. New data showed Canada’s economy shrunk unexpectedly in November […] Read more

By Commodity News Service Canada Winnipeg, January 30 – The Canadian dollar was lower against its American counterpart Friday morning, due to weak economic data in both Canada and the US. At 8:50 CST Friday morning, the loonie was down 0.0083 of a cent to US$0.7838 or US$1 = C$1.2763. Canada’s gross domestic product in […] Read more

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By Commodity News Service Canada WINNIPEG, Jan. 29 – The Canadian dollar ended sharply lower relative to the US dollar on Thursday, shedding more than half a cent. Much of the drop was linked to a strengthening US dollar, which was supported by ideas that the US Federal Reserve will raise interest rates sooner, rather […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was lower against its American counterpart at midday Thursday, as oil prices began to approach the US$40 a barrel mark. The loonie was at US$0.7904 or US$1 = C$1.1652 at 11:50 CST Thursday morning. A new report indicated inventories of US crude were […] Read more

By Commodity News Service Canada Winnipeg, January 29 – The Canadian dollar was lower against its American counterpart Thursday morning, as speculation rose the US Federal Reserve will hike interest rates sometime this year. At 8:40 CST Thursday morning, the loonie was down 0.0011 of a cent to US$0.7968 or US$1 = C$1.2550. The US […] Read more

By Commodity News Service Canada WINNIPEG, Jan. 28 – The Canadian dollar moved sharply lower on Wednesday, dropping below the 80 cents US mark. Strength in the US dollar, after some investors interpreted the latest US Federal Reserve announcement as hawkish, was behind the softness. Though, other investors thought the announcement was more on the […] Read more