Currency Markets

WINNIPEG – The Canadian dollar dropped below the 74 United States cent mark on Monday. The loonie was at US$0.7381 or US$1=C$1.3548, down from Thursday’s close. The Bank of Canada (BoC) did not post its exchange rate on Friday due to Good Friday. Meanwhile, the United States Dollar Index gained 0.54 of a point at […] Read more

By MarketsFarm   WINNIPEG, April 6 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as investors adjusted positions ahead of the long weekend. Financial markets will be closed April 7 for Good Friday. The Canadian dollar settled at US$0.7419 or US$1=C$1.3478 on Thursday, which compares with Wednesday’s close of US$0.7431 or US$1=C$1.3457. Canada added […] Read more

By MarketsFarm   WINNIPEG, April 6 (MarketsFarm) – The Canadian dollar was holding near unchanged Wednesday morning, lacking any clear direction. At 8:46 a.m. CDT Thursday morning the Canadian dollar was at US$0.7405 or US$1=C$1.3504, which compares with Wednesday’s close of US$0.7431 or US$1=C$1.3457. Canada added 35,000 jobs in March with the unemployment rate holding […] Read more

By MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The Canadian dollar was slightly softer on Wednesday, as investors adjusted positions ahead of monthly North American jobs data. The Canadian dollar settled at US$0.7431 or US$1=C$1.3457 on Tuesday, which compares with Tuesday’s close of US$0.7437 or US$1=C$1.3447. Canada’s trade surplus with the rest of the world declined […] Read more

By MarketsFarm   WINNIPEG, April 5 (MarketsFarm) – The Canadian dollar was holding near unchanged Wednesday morning, lacking any clear direction. At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7442 or US$1=C$1.3437, which compares with Tuesday’s close of US$0.7437 or US$1=C$1.3447. Canada’s trade surplus with the rest of the world declined to […] Read more

By MarketsFarm WINNIPEG (MarketsFarm) – The Canadian dollar held relatively steady on Tuesday, posting a slight decline relative to its United States counterpart seeing some consolidation after Monday’s rally. The Canadian dollar settled at US$0.7437 or US$1=C$1.3447 on Tuesday, which compares with Monday’s close of US$0.7442 or US$1=C$1.3438. An estimated C$10.7 billion worth of building […] Read more

By MarketsFarm   WINNIPEG, April 4 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, taking a breather after Monday’s rally relative to its United States counterpart. At 8:36 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7442 or US$1=C$1.3438, which was unchanged from Monday’s close. An estimated C$10.7 billion worth of building […] Read more

By MarketsFarm WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar was stronger on Monday, as a rally in crude oil provided support. The Canadian dollar settled at US$0.7442 or US$1=C$1.3438 on Monday, which compares with Friday’s close of US$0.7389 or US$1=C$1.3533. OPEC+ made a surprise announcement over the weekend that in an effort to stabilize […] Read more

By MarketsFarm   WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar was stronger Monday morning, as a rally in crude oil provided support to the energy-linked currency. At 8:48 a.m. CDT Monday morning the Canadian dollar was at US$0.7434 or US$1=C$1.3452, which compares with Friday’s close of US$0.7389 or US$1=C$1.3533. Crude oil jumped sharply higher […] Read more

WINNIPEG – The Canadian dollar was at a standstill to end the month. The loonie closed at US$0.7389 or US$1=C$1.3533, unchanged from Thursday. The United States Dollar Index increased 0.43 of a point at 102.57. Crude oil rose as exports as Iraq and the semi-autonomous province of Kurdistan remained at an impasse. Brent crude oil […] Read more