Currency Markets

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar was weaker Thursday morning due to an upswing in its United States counterpart and a drop in crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7425 or C$1.3466, compared to Wednesday’s close of US$0.7477 or US$1=C$1.3375. On the U.S. Dollar Index, […] Read more

Compiled by MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday making gains on declines in its United States counterpart. Small decreases in crude oil limited the upticks in the loonie. The Canadian dollar closed at US$0.7477 or US$1=C$1.3375, compared to Monday’s finish of US$0.7468 or US$1=C$1.3390. On the U.S. […] Read more

By MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was on the rise Wednesday morning as the United States dollar weakened. As of 8:42 am CDT, the loonie was at US$0.7479 or C$1.3376, compared to Tuesday’s close of US$0.7468 or US$1=C$1.3390. On the U.S. Dollar Index, the greenback lost 0.199 of a point at […] Read more

  Compiled by MarketsFarm WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar stepped back on Tuesday, as its United States counterpart was slightly higher and a diplomatic rift between Canada and China continued to develop. The Canadian dollar closed at US$0.7468 or US$1=C$1.3390, compared to Monday’s finish of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar was slightly lower on Tuesday morning, as the United States dollar was stronger and crude oil prices eased back. As of 8:48 am CDT, the loonie was at US$0.7467 or C$1.3392, compared to Monday’s close of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar Index, the […] Read more

Compiled by MarketsFarm WINNIPEG, May 8 (MarketsFarm) – Although the Canadian dollar lacked the strength to remain above 75 U.S. cents on Monday, it still climbed four-tenths of a cent. The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Friday’s finish of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback was up […] Read more

By MarketsFarm WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar pushed above 75 U.S. cents on Monday morning, due to the upswing in crude oil prices. As of 8:35 am CDT, the loonie was at US$0.7502 or C$1.3328, compared to Friday’s close of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback slipped 0.104 […] Read more

WINNIPEG – The Canadian dollar ended the week on a high note hours after the release of economic data from Statistics Canada (StatCan). The loonie closed at US$0.7448 or US$1=C$1.3427 on Friday for its biggest one-day gain in four months, compared to US$0.7371 or US$1=C$1.3566 on Thursday. StatCan reported on Friday that the country’s economy […] Read more

WINNIPEG – The Canadian dollar surged on Friday morning after the release of welcome jobs data from Statistics Canada (StatCan). The loonie was at US$0.7433 or US$1=C$1.3454, up from US$0.7371 or US$1=C$1.3566 on Thursday. StatCan reported on Friday that 41,000 jobs were added to the country’s economy in April, all of which were part-time. The […] Read more

WINNIPEG – The Canadian dollar took a big jump on Thursday. The loonie closed at US$0.7371 or US$1=C$1.3566, compared to US$0.7344 or US$1=C$1.3616 on Wednesday. The United States Dollar Index added 0.07 of a point at 101.41. The Federal Reserve announced a 25-basis point hike to its key interest rates on Wednesday. Crude oil was […] Read more