Currency Markets

WINNIPEG – The Canadian dollar seemingly avoided the 75 United States cent mark on Monday morning. The loonie was at US$0.7492 or US$1=C$1.3348, down from US$0.7496 or US$1=C$1.3341 on Friday. The U.S. Dollar Index dropped 0.10 of a point at 103.46. Crude oil plunged after Goldman Sachs Group Inc. cut its price forecast for crude […] Read more

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar was firmer on Friday, finding some support to end the week despite losses in crude oil and soft jobs data. The Canadian dollar settled at US$0.7496 or US$1=C$1.3341 on Friday, which compares with Thursday’s close of US$0.7486 or US$1=C$1.3358. Canada’s unemployment rate edged higher for […] Read more

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar was firmer Friday morning as investors adjusted positions ahead of the weekend. At 8:42 a.m. CDT Friday morning the Canadian dollar was at US$0.7497 or US$1=C$1.3339, which compares with Thursday’s close of US$0.7486 or US$1=C$1.3358. Canada’s unemployment rate edged higher for the first time in […] Read more

By MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly firmer on Thursday, seeing some follow-through strength after Wednesday’s Bank of Canada interest rate hike. The Canadian dollar settled at US$0.7486 or US$1=C$1.3358 on Thursday, which compares with Wednesday’s close of US$0.7476 or US$1=C$1.3376. The Bank of Canada raised its key overnight rate […] Read more

By MarketsFarm   WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning, as investors continued to adjust positions following Wednesday’s Bank of Canada interest rate hike. At 8:44 a.m. CDT Thursday morning the Canadian dollar was at US$0.7485 or US$1=C$1.3360, which compares with Wednesday’s close of US$0.7476 or US$1=C$1.3376. The Bank […] Read more

By MarketsFarm WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest level in four weeks relative to its United States counterpart in reaction to an interest rate hike from the Bank of Canada. The Canadian dollar settled at US$0.7476 or US$1=C$1.3376 on Wednesday, which compares with Tuesday’s close of […] Read more

By MarketsFarm   WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning as investors awaited the Bank of Canada’s latest interest rate decision. At 8:35 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Tuesday’s close of US$0.7452 or US$1=C$1.3419. While most investors still expect […] Read more

By MarketsFarm   WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar posted modest gains relative to its United States counterpart on Tuesday, with positioning ahead of Wednesday’s Bank of Canada interest rate announcement behind some of the activity. The Canadian dollar settled at US$0.7452 or US$1=C$1.3419 on Tuesday, which compares with Monday’s close of US$0.7444 […] Read more

By MarketsFarm   WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar was slightly softer Tuesday morning, as losses in crude oil weighed on the energy-linked currency. At 8:38 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7439 or US$1=C$1.3443, which compares with Monday’s close of US$0.7444 or US$1=C$1.3434. Canadian municipalities issued C$9.6 billion worth […] Read more

By MarketsFarm   WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar held steady on Monday, lacking any clear direction ahead of the Bank of Canada’s looming interest rate decision. The Canadian dollar settled at US$0.7444 or US$1=C$1.3434 on Monday, which compares with Friday’s close of US$0.7443 or US$1=C$1.3435. Most market participants expect the Bank will […] Read more