Archives

Oct. 27, 2017 at 3:57 pm CDT

By Commodity News Service Canada WINNIPEG, Oct. 27 (CNS Canada) – The Canadian dollar remained under pressure on Friday, but managed to settle off the three-month lows it hit relative to its U.S. counterpart during the session. The Canadian dollar closed at US$0.7768 or US$1=C$1.2874, which compares with Thursday’s close […]

Oct. 26, 2017 at 4:22 pm CDT

By Commodity News Service Canada WINNIPEG, October 26 – The Canadian dollar suffered losses against its US counterpart on Thursday. There were no domestic data releases today but investors focused heavily on the statement made by the European Central Bank. The ECB said it would cut its bond purchases down […]

Oct. 25, 2017 at 4:32 pm CDT

By Commodity News Service Canada WINNIPEG, October 25 – The Canadian dollar dropped sharply in relation to its US counterpart on Wednesday, after the Bank of Canada announced it would not be cutting the country’s key lending rate. The BoC has already raised interest rates twice in 2017. Gains in […]

Oct. 25, 2017 at 9:08 am CDT

By Commodity News Service Canada WINNIPEG, Oct. 25 – As oil prices eased Wednesday morning, the Canadian dollar dropped slightly from Tuesday’s close. At 8:55 CDT Wednesday morning the Canadian dollar was at US$0.7891 or C$1.2672 which compares with Tuesday’s North American close of US$0.7895 or C$1.2666. Oil prices fell […]

Oct. 24, 2017 at 4:19 pm CDT

By Commodity News Service Canada WINNIPEG, October 24 – The Canadian dollar continued to drop against its US counterpart on Tuesday, tracking losses in gold. The loonie has been pressured by strength in the American greenback. Investors were also positioning themselves ahead of a meeting of the Bank of Canada. […]