Currency Updates

By Commodity News Service Canada Winnipeg, July 9 – The Canadian dollar strengthened against its US counterpart at midday Tuesday, underpinned by stronger-than-expected Canadian housing starts data, industry watchers said. According to the Canada Mortgage and Housing Corporation, housing starts came in at an annualized rate of 199,586 units in June. That was higher than

By Commodity News Service Canada Winnipeg, July 9 – The Canadian dollar opened higher against its US counterpart on Tuesday, despite a report showing that Canadian housing starts declined last month, market watchers said. According to Canada Mortgage and Housing Corporation, housing starts came in at an annualized rate of 199,586 units in June, which

By Commodity News Service Canada Winnipeg, July 8 – The Canadian dollar opened slightly higher against its US counterpart on Monday, underpinned by data showing strength in the Canadian housing sector in May, market watchers said. According to StatsCan, building permits worth C$7.3 billion were issued in May, which is up 4.5 percent from April.

By Commodity News Service Canada Winnipeg, July 5 – The Canadian dollar opened significantly lower against its US counterpart Friday, undermined by a StatsCan job report that said the Canadian economy lost jobs in June and positive employment news in the US, market watchers said. According to StatsCan, Canada lost 400 jobs in June after

By Commodity News Service Canada Winnipeg, July 4 – The Canadian dollar opened slightly higher against its US counterpart on Thursday, despite easing concerns about Egypt disrupting global oil supplies after president Mohamed Mursi was removed from power, market watchers said. According to brokers, additional downward pressure will come from expectations that a StatsCan report

By Commodity News Service Canada Winnipeg, July 3 – The Canadian dollar opened lower against its US counterpart on Wednesday, undermined by data showing the US economy strengthened in June, market watchers said. According to the US job releases, private sector jobs in the US increased by 188,000 in June, while initial jobless claims fell

By Commodity News Service Canada Winnipeg, July 2 – The Canadian dollar opened significantly lower than its US counterpart on Tuesday, undermined by recent data showing the US economy is strengthening faster than the Canadian economy, market watchers said. According to analysts, the loonie continued to weaken after a June 28 report showed Canada’s economy

By Commodity News Service Canada WINNIPEG, June 28 – The Canadian dollar weakened against its US counterpart on Friday, undermined by the liquidation of positions ahead of the month and quarter end, as well as the Canadian long weekend. Canadian markets will be closed on Monday, July 1 to observe the Canada Day holiday. The

By Commodity News Service Canada Winnipeg, June 28 – The Canadian dollar was eased against its US counterpart at midday Friday, with some of the selling linked to a sharp rise in US bond yields, analysts said. At 11:54 CDT Friday, the Canadian dollar was trading at US$0.9501, or US$1=C$1.0525, which compares with Thursday’s North

By Commodity News Service Canada Winnipeg, June 28 – The Canadian dollar opened lower than its US counterpart on Friday, undermined by a nervous market environment and sliding gold prices, market analysts said. However, a Statistics Canada report showing a slight boost in the Canadian economy for April limited losses. According to the data, the