The Canadian Exchange Rate given are ‘bank rates’.

The Toronto stock market recovered some losses posted earlier in the day, but she could not avoid to close in the red, all areas of its main index has lost ground. Today’s Canadian Exchange Rate appear courtesy of the Bank of Canada.

The TSX was also impacted by the banks and a decline for Potash Corp and Teck,.

The Canadian Exchange Rate vs US Dollar & Euro:

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The S & P / TSX was down 48.14 points to finish the session at 12 144.84 points.

The commodity prices fell after the government of Japan had bought U.S. dollars to curb the rising yen, which hurts exports by manufacturers such as Sony and Toyota since it touched a high of 15.

Crude oil gave 78 cents to U.S. $ 76.02 U.S. a barrel, while the price of bullion dropped by U.S. $ 3 to $ 1,268.70 an ounce on the commodities exchange in New York .

The Canadian Exchange Rate Dollar rose 0.13 U.S. cents to 97.43 cents U.S..

Wall Street has had a better day, the Dow Jones industrial average gained 46.24 points with 10 572.73 points while the Nasdaq Composite Index advanced by 11.55 points to 2301.32 points and The broader index S & P 500 rose 3.97 points to 1125.07 points. The energy sector lost feathers.

The major North American indexes started the day down in reaction to disappointing data released by Statistics Canada and the U.S. Department of Commerce.

Domestically, sales of manufacturers have suffered from the slowing U.S. economy, according to Statistics Canada. Sales slipped 0.9% in July, while economists expected a 0.2% growth.

Our neighbors to the south, the industrial output growth slowed in August to 0.2% after rising by 0.6% in July, according to the U.S. Department of Commerce.

In Japan, the central bank has decided to curb the appreciation of the yen by selling the Japanese currency and buying U.S. dollars.

Canadian Exchange Rate

This intervention has contributed to the appreciation of the Canadian Exchange Rate.

Canadian Exchange Rate

On the foreign exchange market, the canadian exchange rate has recovered some colors against the dollar as a result of ads very reassuring about the European economic and fiscal situation of countries in difficulty. The markets have indeed received the bond issue of 1.039 billion euros in three years and eleven made by Portugal. Even if the budget crisis in Europe is far from over, this news has impacted the risk aversion of investors to the detriment of the U.S. dollar, considered a safe haven.

Thus, the canadian exchange rate has awarded 0.31% to finish at 1.2720 dollar. In the UK, the British pound has greatly strengthened against the dollar and the euro following the announcement of the progress of British industrial production in July. Thus, the “cable” gained 0.75%, ending at 1.5469 dollar and EURGBP dropped 0.43% to 82.20 pence.

Overseas, we note the decision of the Canadian Central Bank to raise its key rate to 1%, against 0.75% previously. This announcement had a positive effect on the canadian exchange rate which has appreciated against most currencies of its reference, especially as analysts predict a further possible increase in rates in October. Cross USD/CAD has therefore depreciated more than 1%, 1 U.S. dollar against 1.0371 the Canadian Exchange Rate. Even finding against the single currency, the EURCAD having lost 92 pips to end the cables from 1.3190 Canadian dollars.