Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 14 – The Canadian dollar opened slightly lower against its US counterpart on Friday, undermined by weaker-than- expected Canadian economic data, industry watchers said. According to Statistics Canada, manufacturing sales were down 0.9% in December, which marks the first decrease in sales since August 2013. Economists were expecting […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, Feb. 13 – The Canadian dollar strengthened against the US dollar on Thursday, lifted by disappointing US retail sales data, analysts said. The US government reported retail sales declined by 0.4 per cent in January, while expectations called for a 0.3 per cent drop. The Canadian dollar closed at […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 13 – The Canadian dollar was stronger against its US counterpart at midday Thursday, underpinned by unfavourable US economic data, industry watchers said. According to the US Department of Commerce, US retail sales were down 0.4% in January, which was weaker than the 0.1% decline economists were expecting. […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 13 – The Canadian dollar opened slightly weaker against its US counterpart on Thursday, undermined by slow growth seen in new Canadian home prices, industry watchers said. According to Statistics Canada, the average annual increase in new housing prices in 2013 was 1.8%, which is the slowest pace […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, Feb. 12 – The Canadian dollar strengthened against the US dollar on Wednesday amid positive Chinese trade data, analysts said. Chinese imports rose 10 per cent to US$107.2 billion in January, while exports rose 10.6 per cent to US$126.7 billion, data showed. The Canadian dollar closed at US$0.9093 or […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 12 – The Canadian dollar was stronger against its US counterpart at midday Wednesday, underpinned by a favourable outlook from Tuesday afternoon’s federal budget, industry watchers said. According to Finance Minister Jim Flaherty, Canada’s deficit is expected to narrow to C$2.9 billion in 2014/15, leading to a forecast […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 12 – The Canadian dollar opened stronger against its US counterpart on Wednesday, underpinned by a favourable outlook from Tuesday afternoon’s federal budget, industry watchers said. According to Finance Minister Jim Flaherty, Canada’s deficit is forecast to narrow to C$2.9 billion in 2014/15, leading to an expected budget […] Read more

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, Feb. 11 – The Canadian dollar firmed against its US counterpart on Tuesday, supported by weakness in the US dollar, analysts said. The Canadian dollar closed at US$0.9077 or US$1=C$1.1017 on Tuesday, which compares with Monday’s North American settlement of US$0.9046 or US$=C$1.1055. Sharply higher gold prices spilled over […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, MB, February 11, 2014 (CNS Canada) – The Canadian dollar was stronger against its US counterpart at midday Tuesday, as traders positioned themselves ahead of the federal government’s 2014/15 fiscal year budget, which is scheduled to be released late Tuesday afternoon, industry watchers said. Spillover from the large gains […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Winnipeg, February 11 – The Canadian dollar opened slightly weaker against its US counterpart on Tuesday, undermined by expectations that US Federal Reserve Chairwoman Janet Yellen will continue with the tapering of the Fed’s monthly bond-buying program, industry watchers said. However, gains seen in commodities, including gold and crude oil, […] Read more