Currency Markets

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was higher on Thursday morning, looking to return above 73 U.S. cents. As of 8:34 am CST, the loonie was at US$0.7298 or C$1.3702, compared to Wednesday’s close of US$0.7287 or US$1=C$1.3723. On the United States Dollar Index, the greenback dipped 0.050 of a point […] Read more

Compiled by MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar eased back on Wednesday; after Bank of Canada governor Tiff Macklem stated the federal government’s new spending plans were helpful to the central bank’s monetary policy. The loonie closed at US$0.7287 or US$1=C$1.3723, compared to Tuesday’s finish of US$0.7300 or US$1=C$1.3698. On the United […] Read more

By MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar stepped back on Wednesday morning, the day after finance minister Chrystia Freeland presented her fall fiscal update that provides C$20.6 billion over six years in new spending. As of 8:37 am CST, the loonie was at US$0.7277 or C$1.3747, compared to Tuesday’s close of US$0.7300 […] Read more

Compiled by MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar bumped up on Tuesday, shortly after Canadian deputy prime minister and finance minister Chrystia Freeland presented the federal government’s fall fiscal update. The loonie closed at US$0.7300 or US$1=C$1.3698, compared to Monday’s finish of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback […] Read more

By MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, following Statistics Canada’s monthly report on inflation. As of 8:35 am CST, the loonie was at US$0.7299 or C$1.3709, compared to Monday’s close of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback was down 0.207 of a point […] Read more

By MarketsFarm   WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar held steady on Monday as currency traders await Tuesday’s fall economic statement from the federal government and comments from the Bank of Canada on Wednesday. The Canadian dollar settled at US$0.7285 or US$1=C$1.3726 on Monday, which compares with Friday’s close of US$0.7288 or US$1=C$1.3722. […] Read more

By MarketsFarm   WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as currency traders await the federal government’s fall economic statement on Tuesday and comments from the Bank of Canada on Wednesday. The country’s latest inflation data will also be released on Tuesday, with retail sales data out on Friday. […] Read more

WINNIPEG – The Canadian dollar ended the week higher, but settled just shy of the 73 United States cent mark. The loonie was at US$0.7288 or US$1=C$1.3722, compared to US$0.7373 or US$1=C$1.3750 on Thursday. The U.S. Dollar Index surrendered 0.47 of a point at 103.88. Crude oil continued its roller-coaster ride, recovering most of Thursday’s […] Read more

WINNIPEG – The Canadian dollar moved upwards on Friday morning, looking to end the week on a high note. The loonie was at US$0.7293 or US$1=C$1.3712, higher than Thursday’s close of US$0.7273 or US$1=C$1.3750. The United States Dollar Index shed 0.23 of a point to 104.11. Crude oil prices recouped some of the losses suffered […] Read more

WINNIPEG – The Canadian dollar took a step back on Thursday after a collapse in crude oil prices. The loonie closed Thursday at US$0.7273 or US$1=C$1.3749, compared to US$0.7313 or US$1=C$1.3675 on Wednesday. The United States Dollar Index was virtually unchanged at 104.41 points. Crude oil suffered major losses due to weakened demand and the […] Read more