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Sep 1, 2011

C$ ends firmer ahead of U.S. data; bonds rise

TORONTO, Sept 1 (Reuters) – The Canadian dollar ended the
day slightly firmer against the U.S. dollar in quiet trade on
Thursday, even as concerns about global growth weighed on
markets and investors awaited key U.S. jobs data due out
Friday.

“Canada is closing a little bit stronger but we haven’t had
a very big move here,” said Matt Perrier, director of foreign
exchange sales at BMO Capital Markets.

Aug 8, 2011

C$ slides to weakest since March, parity in sight

TORONTO, Aug 8 (Reuters) – Canada’s dollar dropped more
than a cent to a near five-month low against the U.S. currency
on Monday, on rising fears of a U.S. recession exacerbated by
the United States’ loss of its triple-A credit rating.

The currency was caught up in a wave of selling that saw
U.S. stocks plunge more than 6 percent as investors fled to the
safety of gold and bonds. [MKTS/GLOB]

Aug 8, 2011

C$ falls more than a penny to weakest since March

TORONTO, Aug 8 (Reuters) – Canada’s dollar weakened to a
near five-month low against the U.S. currency on Monday,
approaching parity, as global fear about a possible double-dip
U.S. recession and European and U.S. debt crises weighed.

The euro also fell against the dollar, down more than 1
percent, while the yen gained broadly as investors sought
Japan’s safe-haven currency given tumbling global stocks.
[FRX/]

Aug 5, 2011

C$ closes higher after touching 5-week low

TORONTO, Aug 5 (Reuters) – Canada’s dollar closed stronger
against the greenback on Friday after earlier touching a
five-week low, as a modest recovery in stock markets helped
offset widespread anxiety about the global economy.

The U.S. dollar fell broadly, reversing some of the
previous day’s sharp gains, also because of a partial recovery
in Wall Street stocks. [FRX/]

Aug 5, 2011

See-sawing C$ pulls back from 5-week low

TORONTO, Aug 5 (Reuters) – Canada’s dollar recouped early
losses to trade little changed against the greenback on Friday
after touching a five-week low, as a modest recovery in stock
markets helped offset broad anxiety about the global economy.

The U.S. dollar fell broadly, reversing some of the
previous day’s sharp gains, also because of a partial recovery
in Wall Street stocks. [FRX/]

Aug 5, 2011

C$ hits 5-week low as growth fears roil markets

TORONTO, Aug 5 (Reuters) – Canada’s dollar weakened to a
five-week low against the U.S. currency on Friday, as solid
U.S. job growth failed to offset fears about a possible U.S.
downgrade and broad anxiety about the global economy.

Stonger-than-expected U.S. employment data and a mixed
Canadian jobs report initially reassured investors that the
U.S. economy was not falling back into recession. But sober
second thoughts about economic weakness and ongoing speculation
that U.S. sovereign debt may be downgraded spooked markets.
[ID:nN1E7740O8]

Aug 5, 2011

C$ rises after strong U.S. jobs report

TORONTO, Aug 5 (Reuters) – Canada’s dollar strengthened
against the U.S. currency on Friday morning, rebounding from a
five-week low, after stronger-than-expected U.S. jobs data
eased fears about a recession and calmed jittery investors.

The U.S. data came on the heels of a Canadian employment
report that showed the unemployment rate in July at its lowest
level since December 2008 and strong private-sector job gains.
But overall hiring was lower than analysts had forecast.

Aug 3, 2011

TMX buys Atrium Network as Maple extends offer

TORONTO, Aug 3 (Reuters) – TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz), the
operator of the Toronto Stock Exchange, said on Wednesday that
it had bought data connectivity provider Atrium Network in a
deal that will allow it to fast-track plans to expand into new
service areas.

The deal came as Maple Group, a consortium of Canadian
banks and pension funds bidding for TMX, extended the deadline
for its C$3.8 billion ($3.96 billion) offer to Sept. 30 as it
continues to seek regulatory approvals.

Jul 28, 2011

C$ weakens on U.S. debt fears, eye on U.S. vote

TORONTO, July 28 (Reuters) – The Canadian dollar edged
lower against its U.S. counterpart on Thursday, trading in a
tight range as investors awaited a crucial vote in the United
States on a bill to cut the deficit.

The Canadian currency had strengthened earlier in the day
but sold off slightly as a vote loomed in the United States on
Thursday, where lawmakers are working to compromise on a
deficit reduction plan that would head off a U.S. default.

Jul 26, 2011

C$ hits highest level since 2007 on US$ woes

TORONTO, July 26 (Reuters) – The Canadian dollar rose to
its best level in more than three and a half years against the
U.S. currency on Tuesday, as debt fears in the United States
continued to slam the greenback.

The Canadian currency CAD=D4 climbed as high as C$0.9407
to the U.S. dollar, or $1.0630. This was its strongest level
since November 2007, when it hit a modern-day high.