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Nov. 13, 2014 at 3:29 pm CST

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar closed lower against its US counterpart on Thursday, pressured by oil prices which dropped below US$75 a barrel in midday trading. The Canadian economy, which is closely linked to oil production, has seen oil prices plunge by $20 […]

Nov. 13, 2014 at 11:53 am CST

By Commodity News Service Canada Winnipeg, November 13 – The Canadian dollar was lower against its US counterpart at midday Thursday, largely swayed by plunging crude oil prices. The drop in price happened due to a larger-than-expected decline in crude inventories and sharp rise in supplies of gasoline. Gas inventories […]

Nov. 12, 2014 at 4:04 pm CST

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar closed higher against its US counterpart on Wednesday, supported by strong job-market data and the government’s announcement it expects to return to a balanced budget next year. Canadian Finance Minister Joe Oliver said Ottawa expects to reap a […]

Nov. 12, 2014 at 12:00 pm CST

By Commodity News Service Canada Winnipeg, November 12 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as Federal Finance minister Joe Oliver said the government was on track to balance the budget by 2015. Speaking Wednesday morning, Oliver said Canada would realize a C$1.9 billion […]

Nov. 12, 2014 at 9:29 am CST

By Commodity News Service Canada WINNIPEG, Nov. 12 The Canadian dollar was stronger Wednesday morning, as currency traders were adjusting positions ahead of the federal government’s economic update out later in the day. The fall fiscal update is expected to confirm the size of Canada’s projected surplus for 2015. At […]