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Canadian Financial Close: C$ drops with poor retail sales

By Commodity News Service Canada WINNIPEG, October 20 – The Canadian dollar suffered solid losses against its US counterpart on Friday, feeling the effects of bearish retail sales and inflation reports. Both reports missed analysts’ estimates, which sent the loonie reeling. Losses in gold bullion contributed to the downside. However, gains in crude oil and […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, Oct. 20 (CNS Canada) The Canadian dollar was weaker Friday morning, dropping sharply relative to its U.S. counterpart as domestic retail sales data disappointed. At 9:14 CDT Friday morning the Canadian dollar was at US$0.7940 or C$1.2594 which compares with Thursday’s North American close of US$0.8014 or C$1.2478. Canadian […] Read more


Canadian Financial Close: Loonie keeps climbing with gold

By Commodity News Service Canada WINNIPEG, October 19 – The Canadian dollar inched higher against its US counterpart on Thursday, taking strength from gains in gold bullion and natural gas. Losses in crude oil prices were bearish for the commodity- backed currency. There is speculation Scotiabank is considering a sale of its gold business. The […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, Oct. 19 (CNS Canada) The Canadian dollar was holding relatively steady Thursday morning, as the currency saw some consolidation after hitting its strongest levels in a week yesterday. At 9:28 CDT Thursday morning the Canadian dollar was at US$0.8016 or C$1.2475 which compares with Wednesday’s North American close of […] Read more


Canadian Financial Close: C$ climbs above 80 US cents

By Commodity News Service Canada WINNIPEG, October 18 – The Canadian dollar rose against its US counterpart on Wednesday. The loonie was pulled higher by a robust factory sales report that indicated the country’s manufacturing sector was gaining some momentum. August sales came in 1.6% higher than the previous month. On the flip side, Canadian […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, Oct. 18 (CNS Canada) The Canadian dollar was stronger Wednesday morning, as domestic data provided some support. At 9:28 CDT Wednesday morning the Canadian dollar was at US$0.7993 or C$1.2511 which compares with Tuesday’s North American close of US$0.7969 or C$1.2548. Canadian factory sales were up by 1.6 per […] Read more


Canadian Financial Close: Loonie softens with NAFTA delay

By Commodity News Service Canada WINNIPEG, October 17 – The Canadian dollar lost more ground against its US counterpart on Tuesday. The loonie was pressured after Canada, the U.S. and Mexico announced they would be unable to reach an agreement on the North American Free Trade Agreement before the New Year. Trade talks between Canada […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, Oct. 17, 2017 (CNS Canada) The Canadian dollar was weaker Tuesday morning, amid ongoing uncertainty over ongoing NAFTA negotiations. At 9:20 CDT Tuesday morning the Canadian dollar was at US$0.7962 or C$1.2560 which compares with Monday’s North American close of US$0.7981 or C$1.2529. Canadian, U.S., and Mexican trade representatives […] Read more


Canadian Financial Close: Loonie under pressure to start week

By Commodity News Service Canada WINNIPEG, October 16 – The Canadian dollar fell against its US counterpart to start the week. Broad-based strength in the American greenback pressured the loonie along with losses in gold and natural gas. On the flip side, gains in crude oil prices helped limit the losses. The Canadian dollar ended […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, Oct. 16 (CNS Canada) The Canadian dollar was weaker relative to its U.S. counterpart Monday morning. At 9:29 CDT Monday morning the Canadian dollar was at US$0.79752 or C$1.2544 which compares with Friday’s North American close of US$0.8008 or C$1.2487. The Bank of Canada releases its Fall Business Outlook […] Read more