Online Editor & Reporter
Claire's Feed
Jul 28, 2011

C$ up on US jobless claims,awaits US deficit vote

TORONTO, July 28 (Reuters) – The Canadian dollar edged
slightly higher against its U.S. counterpart on Thursday after
U.S. jobless claims data came in better than expected, while
investors also awaited a crucial vote in the United States
later in the day on a bill to cut the deficit.

New U.S. claims for unemployment benefits dropped below the
key 400,000 level for the first time since early April,
pointing to some labor market improvement for Canada’s largest
trading partner. [nN1E76Q1FC]

Jul 26, 2011

C$ powers to strongest since Nov. 2007

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

The currency CAD=D4 climbed as high as C$0.9412 to the
U.S. dollar, or $1.0625, its strongest level since November
2007, when it hit a modern-day high.

Jul 25, 2011

C$ firms as US$ struggles over debt talks

TORONTO, July 25 (Reuters) – The Canadian dollar firmed
against its U.S. counterpart on Monday morning after a failure
to reach a deal to raise the U.S. debt ceiling weighed heavily
on the U.S. dollar.

The breakdown in U.S. budget talks fueled demand for
perceived safe-haven currencies, as the greenback hit a record
low versus the Swiss franc and a four-month trough against the
yen. [FRX/]

Jul 19, 2011

C$ pushes up ahead of rate announcement

TORONTO, July 19 (Reuters) – The Canadian dollar edged up
against the U.S. dollar on Tuesday morning as riskier assets
rebounded from a recent selloff prompted by debt crises in
Europe and the United States and as investors awaited an
interest rate decision by the Bank of Canada.

While expectations are for no move at the 9 a.m. (1300 GMT)
announcement, the tone of the central bank’s statement will
give the market an indication of its thinking ahead of its
quarterly Monetary Policy Report on Wednesday.

Jul 18, 2011

C$ softer as sovereign debt fears rise; BoC eyed

TORONTO, July 18 (Reuters) – The Canadian dollar slipped
against its U.S. counterpart on Monday as riskier assets
succumbed to fears of a sovereign debt default in Europe and
the United States.

European bank stress test results last Friday did little to
calm fears that the euro zone crisis is getting worse, sending
the euro, stocks and bonds of highly indebted European
countries down, while safe-haven gold rallied to record highs.

Jul 7, 2011

Ontario says green plan spurs $20 billion in investment

TORONTO/VANCOUVER (Reuters) – The Canadian province of Ontario says its program of providing incentives for green energy production has brought in commitments for C$20 billion ($21 billion) in private-sector investment since the program was put in place in 2009.

Ontario’s energy ministry released a report outlining the investments on Thursday, and giving an investment figure for the first time, as the province’s governing Liberals get set to campaign ahead of the October 6 election in which their green energy plan is seen as a major and contentious issue.

Jul 7, 2011

C$ edges higher ahead of U.S. private payrolls

TORONTO, July 7 (Reuters) – The Canadian dollar edged up
against its U.S. counterpart after a three-day slide, as oil
prices and U.S. equity futures rose ahead of U.S. private
payrolls data offering clues on the economic recovery.

The ADP national employment report was expected to show
U.S. private hiring increased by 68,000 in June after 38,000 in
May, a month that probably took the brunt of temporary factors
such as layoffs from auto shutdowns. It will also give a
valuable signal regarding the relative health of the service
sector labor market. The ADP report at 8:15 a.m. (1215 GMT)
comes ahead of Friday’s closely watched U.S. non-farm payrolls

Jul 6, 2011

C$ sells off with risk on Portugal, China news

TORONTO, July 6 (Reuters) – The Canadian dollar fell for
the third straight session against the greenback on Wednesday
morning, after Moody’s downgrade of Portugal’s credit rating to
“junk” status on Tuesday and an overnight interest rate hike in
China sparked selling of risky assets.

Peripheral euro zone debt worries flared up again as risks
of a contagion returned to investors’ radar after the Portugal
downgrade caught the market off guard. [nL6E7I60XH]

Jul 4, 2011

C$ slips off 8-week high on S&P Greek warning

TORONTO, July 4 (Reuters) – The Canadian dollar eased from
a near eight-week high against the greenback on Monday in quiet
holiday trading after Standard & Poor’s warned that a debt
rollover plan pushed by French banks could put Greece in danger
of default.

Following that reminder that the euro zone’s debt woes are
far from over, the Canadian currency tracked weakness in the
euro, though expectations for a second Greek bailout kept
riskier assets, including equity markets, well bid. [FRX/]

Jul 4, 2011

Canada June manufacturing PMI shows slower growth

TORONTO, July 4 (Reuters) – The pace of Canadian
manufacturing activity growth fell for a third straight month
in June as both production and new order volumes slowed,
according to data released on Monday.

The RBC Canadian Manufacturing Purchasing Managers’ Index,
launched last month and produced by research firm Markit, fell
to 52.8 in June from 54.8 in May.

    • About Claire

      "Claire Sibonney is a Toronto-based reporter covering markets, economics and asset management, as well as Ontario finance and politics. Sibonney was formerly a homepage editor for and prior to joining the company in 2005, she worked for the National Post and AOL Canada."
    • Follow Claire