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Sep. 6, 2017 at 9:39 am CDT

By Commodity News Service Canada Sept. 6 (CNS Canada) – The Bank of Canada has hiked by one-quarter of a per cent its key overnight lending rate to one per cent this morning. The bank cited stronger than expected economic data that shows Canadian economic growth is “broad-based and self-sustaining.” […]

Sep. 5, 2017 at 4:02 pm CDT

By Commodity News Service Canada WINNIPEG, Sept. 5 – The Canadian dollar rose against the U.S. greenback today, largely due to increases in oil prices. Investors were also considering if the Bank of Canada will move to hike interest rates tomorrow, although most polled by Reuters thought the bank would […]

Sep. 5, 2017 at 9:18 am CDT

By Commodity News Service Canada Sept. 5 (CNS Canada) – The Canadian dollar was trading higher this morning at US$0.8081 or C$1.2374 per US$1, continuing its surge past two-year highs posted Friday. The loonie closed Friday at US$0.8071 U.S. or C$1.331 per US$1. Analysts are divided on whether the Bank […]

Sep. 1, 2017 at 4:04 pm CDT

By Commodity News Service Canada WINNIPEG, September 1 – The Canadian dollar hit its highest point in two years, relative to its US counterpart, as job numbers in the US failed to impress investors. The US added just 156,000 jobs in August, which was well below expectations heading into today. […]

Sep. 1, 2017 at 9:18 am CDT

By Commodity News Service Canada WINNIPEG, Sept. 1 (CNS Canada) – The Canadian dollar posted early gains versus its U.S. counterpart today, up 0.60 of a cent U.S. to US$0.8070 or C$1.2392. The loonie closed Thursday at US$0.7977 or C$1.2536. The S&P/TSX dropped in early trading mostly due to losses […]