Currency Markets

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

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was holding steady Monday morning, as market participants square positions ahead of an upcoming interest rate decision from the Bank of Canada. At 8:35 a.m. CDT Monday morning the Canadian dollar was at US$0.7444 or US$1=C$1.3434, which compares with Friday’s close of US$0.7443 or US$1=C$1.3435. […] Read more

Compiled by MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar added a little more than a quarter of a cent on Friday, as crude oil prices swung upward. Gains in the United States dollar against other international currencies tempered further increases in the loonie. The Canadian dollar closed at US$0.7443 or US$1=C$1.3435, compared to […] Read more

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar continued pushing higher on Friday morning, riding spillover from gains in crude oil while the United States dollar held firm. As of 8:35 am CDT, the loonie was at US$0.7455 or C$1.3415, compared to Thursday’s close of US$0.7417 or US$1=C$1.3482. On the U.S. Dollar Index, […] Read more

Compiled by MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was on the rebound Thursday, pushing well above 74 United States cents due to a sharp drop in its U.S. dollar and higher crude oil prices. The loonie closed at US$0.7417 or US$1=C$1.3482, compared to Wednesday’s finish of US$0.7351 or US$1=C$1.3603. On the U.S. […] Read more