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Canadian Financial Close: TSX firms with crude oil, gold

By Commodity News Service Canada WINNIPEG, May 26 – The Canadian dollar finished flat against its US counterpart on Friday, as unease in world financial markets and the decision by OPEC to limit oil production sent many traders to the sidelines ahead of the US long weekend. US markets will be closed on Monday in […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, May 26 – The Canadian dollar was within ten points of unchanged against its US counterpart on Friday. On the supportive side, the loonie was underpinned by strength in the crude oil market and weaker US data. Crude futures were higher in recovery-based trade, after pushing lower in the […] Read more


Canadian Financial Close: TSX ticks lower with energy

By Commodity News Service Canada WINNIPEG, May 25 – The Canadian dollar ended relatively unchanged against its US counterpart on Thursday, as losses in crude oil were offset by gains in gold bullion and other metals. OPEC’s decision to extend production cuts for another nine months was slightly bearish for the commodity-linked loonie. The Canadian […] Read more

Canadian Dollar And Business Outlook

By Commodity News Service Canada Winnipeg, May 25 – The Canadian dollar was down slightly against its American counterpart on Thursday, following losses in gold. OPEC has announced it plans to extend production cuts by another nine months to March of 2018. At 8:55 CDT Thursday morning the Canadian dollar was at US$0.7446 or C$1.3430 […] Read more


Canadian Financial Close: C$ rises with gold, BoC decision

By Commodity News Service Canada WINNIPEG, May 24 – The Canadian dollar ended slightly higher against its US counterpart on Wednesday, pushed upward by gains in gold and a decision by the Bank of Canada. The central bank decided to hold interest rates steady at 0.5% due to recent strength in the Canadian economy. However, […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, May 24 – The Canadian dollar was mostly unchanged against its US counterpart on Wednesday. The loonie was steady ahead of a monetary policy decision from the Bank of Canada later today. Analysts largely expect the BoC will hold rates steady. At 8:45 CDT Wednesday, the Canadian dollar was […] Read more


Canadian Financial Close: TSX firms with Blackberry

By Commodity News Service Canada WINNIPEG, May 23 – The Canadian dollar ended higher against its US counterpart on Tuesday, pushed upward by gains in crude oil prices. A bullish wholesales sales report also helped prop up the loonie. Wholesale sales increased 0.9% on a seasonally-adjusted basis in March to 60.22 billion Canadian dollars. The […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, May 23 – The Canadian dollar was stronger against its US counterpart on Tuesday. The dollar was propped up by higher crude oil futures and strong domestic data. Crude oil futures advanced on Tuesday, gathering support from reports that OPEC (Organization of the Petroleum Exporting Countries) will extend its […] Read more


Canadian Financial Close: TSX corrects higher

By Commodity News Service Canada WINNIPEG, May 19 – The Canadian dollar ended higher against its US counterpart on Friday, taking strength from a supportive retail sales report and gains in crude oil. The value of retail sales in March rose 0.7% which exceeded analysts’ expectations of 0.3%. The Canadian dollar closed at US$0.7383 or […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, May 19 (CNS Canada) The Canadian dollar was stronger Friday morning, as gains in crude oil provided support. At 9:41 CDT Friday morning the Canadian dollar was at US$0.7376 or C$1.3557 which compares with Thursday’s North American close of US$0.7347 or C$1.3611. Oil prices were up amid ideas that […] Read more