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Dec. 14, 2016 at 4:19 pm CST

By Commodity News Service Canada WINNIPEG, December 14 – The Canadian dollar plunged on Wednesday in response to the US Federal Reserve’s decision to raise the interest rate. Analysts said the move prompted a large exodus from the equity markets. The Canadian dollar closed at C$0.7534 or US$1.3274, compared to […]

Dec. 14, 2016 at 8:48 am CST

By Commodity News Service Canada WINNIPEG, December 14 – The Canadian dollar advanced against its US counterpart in early activity on Wednesday. US traders were reluctant to make any big moves ahead of an announcement from the US Federal Reserve Wednesday afternoon. The Fed is largely expected to raise interest […]

Dec. 13, 2016 at 4:14 pm CST

By Commodity News Service Canada WINNIPEG, December 13 – The Canadian dollar finished relatively flat against its US counterpart on Tuesday, as investors kept to the sidelines ahead of tomorrow’s meeting of the US Federal Reserve. Analysts expect the bond market to see a 25 basis point rate hike on […]

Dec. 13, 2016 at 8:51 am CST

By Commodity News Service Canada WINNIPEG, December 13 – The Canadian dollar advanced against its US counterpart in early activity on Tuesday as crude oil futures continued to rise. New York Mercantile crude oil futures continued to see strong gains in anticipation from production cuts by Abu Dhabi, Kuwait and […]

Dec. 12, 2016 at 4:19 pm CST

By Commodity News Service Canada WINNIPEG, December 12 – The Canadian dollar advanced against its US counterpart on Monday, as higher oil prices lifted the commodity-linked currency. Some markets were also short-covering the loonie, a report said. The Canadian dollar closed at C$0.7614 or US$1.3134, compared to Friday’s close of […]