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Jun. 9, 2016 at 4:20 pm CDT

By Commodity News Service Canada WINNIPEG, June 9 – The Canadian dollar finished slightly lower against its American counterpart Thursday, as many investors stuck to the sidelines. The Bank of Canada highlighted possible vulnerabilities in the country’s housing sector which was bearish, according to a report. Tomorrow, the government will […]

Jun. 9, 2016 at 9:42 am CDT

By Commodity News Service Canada WINNIPEG, June 9 (CNS Canada) The Canadian dollar weakened against its US counterpart Thursday morning, taking a dip due to a more than one per cent decline in oil prices. Supply outages in Canada and Nigeria had been supporting oil prices, but traders took profits […]

Jun. 8, 2016 at 4:22 pm CDT

By Commodity News Service Canada WINNIPEG, June 8 – The Canadian dollar advanced against its American counterpart Wednesday as stronger oil prices continued to buoy the loonie. Despite an increase in US stockpiles a barrel of crude oil traded above US$51. Production outages in Alberta and parts of Africa continue […]

Jun. 8, 2016 at 9:05 am CDT

By Commodity News Service Canada WINNIPEG, June 8 The Canadian dollar strengthened against its US counterpart on Wednesday, supported by advances in crude oil, and waning hope that the US Federal Reserve will raise interest rates this summer. Crude oil futures moved to an eight-month-high in early activity on Wednesday, […]

Jun. 7, 2016 at 4:09 pm CDT

By Commodity News Service Canada WINNIPEG, June 7 – The Canadian dollar continued to make gains against its American counterpart Tuesday as the commodity- rich loonie benefited from higher oil prices. Crude oil climbed above US$50 a barrel for the first time since July. The Canadian dollar closed at US$0.7830 […]