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Jan. 5, 2015 at 11:55 am CST

By Commodity News Service Canada Winnipeg, January 5 – The Canadian dollar was lower against its American counterpart at midday Monday, as plunging oil prices began to weigh on the loonie. The loonie was at US$0.8843 or US$1 = C$1.1788 at 11:40 CST Monday morning. Energy stocks on the TSX […]

Jan. 2, 2015 at 3:39 pm CST

By Commodity News Service Canada WINNIPEG, Jan. 2 – The Canadian dollar was sharply lower on Friday, testing the 85 cents US level. A sharp drop in crude oil values was behind the weakness, analysts said. Since oil is one of Canada’s biggest exports, its more than 50 per cent […]

Jan. 2, 2015 at 11:45 am CST

By Commodity News Service Canada Winnipeg, January 2 – The Canadian dollar was sharply weaker relative to the US dollar on Friday, losing more than a full cent and hitting a fresh six-year low during the session. Ongoing weakness in the crude oil market, as it was down sharply, holding […]

Jan. 2, 2015 at 8:49 am CST

By Commodity News Service Canada Winnipeg, January 2 – The Canadian dollar was lower Friday morning, feeling the pinch of lower oil prices to start the year. At 8:40 CST Friday morning, the loonie was down 0.0067 of a cent to US$0.8548 or US$1 = C$1.1699. A lack of domestic […]

Dec. 31, 2014 at 12:28 pm CST

By Commodity News Service Canada WINNIPEG, Dec. 31 – The Canadian dollar was fractionally higher relative to the US dollar amid quiet year-end trade on Wednesday. The Bank of Canada posted closing rates early, due to substantially lower trading volumes. Investors were wary of pushing the currency too far one […]