Currency Markets

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar held reasonably steady on Wednesday, with gains in crude oil lending some support to the energy-linked currency. The Canadian dollar was trading at US$0.7434 or US$1=C$1.3452 late Wednesday, which compares with Tuesday’s close of US$0.7432 or US$1=C$1.3456. The Bank of Canada was late in releasing […] Read more

By MarketsFarm   WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning, seeing some consolidation after Tuesday’s gains. At 8:42 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7425 or US$1=C$1.3468, which compares with Tuesday’s close of US$0.7432 or US$1=C$1.3456. Foreign investment in Canadian securities declined by C$19.1 billion […] Read more

By MarketsFarm   WINNIPEG, May 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, underpinned by better-than-expected inflation data. The Canadian dollar settled at US$0.7432 or US$1=C$1.3456 on Tuesday, which compares with Monday’s close of US$0.7415 or US$1=C$1.3487. Canada’s annual rate of inflation increased to 4.4 per cent in April, from 4.3 per cent […] Read more

By MarketsFarm   WINNIPEG, May 16 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, seeing a continuation of Monday’s rise relative to its United States counterpart. At 8:40 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7453 or US$1=C$1.3417, which compares with Monday’s close of US$0.7415 or US$1=C$1.3487. Canada’s annual rate of inflation […] Read more

WINNIPEG – The Canadian dollar pushed back above 74 United States cents on Monday, with the loonie supported by losses in the U.S. dollar and gains in crude oil prices. The Canadian dollar closed at US$0.7415 or US$1=C$1.3487, compared to Friday’s finish of US$0.7389 or US$1=C$1.3534. On the U.S. Dollar Index, the greenback lost 0.254 […] Read more

By MarketsFarm   WINNIPEG, May 15 (MarketsFarm) – The Canadian dollar was firmer Monday morning, finding some support from gains in crude oil. At 8:48 a.m. CDT Monday morning the Canadian dollar was at US$0.7395 or US$1=C$1.3523, which compares with Friday’s close of US$0.7389 or US$1=C$1.3534. Canadian wholesale sales excluding petroleum were down by 0.1 […] Read more

Compiled by MarketsFarm WINNIPEG, May 12 (MarketsFarm) – In the face of gains by the United States dollar, the Canadian dollar slipped below 74 U.S. cents on Friday. The Canadian dollar closed at US$0.7389 or US$1=C$1.3534, compared to Thursday’s finish of US$0.7420 or US$1=C$1.3477. On the U.S. Dollar Index, the greenback advanced 0.652 of a […] Read more

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar continued to pull back on Friday morning as the United States dollar made small gains. However, upticks in crude oil prices tempered further declines. As of 8:35 am CDT, the loonie was at US$0.7415 or C$1.3487, compared to Thursday’s close of US$0.7420 or US$1=C$1.3377. On […] Read more

Compiled by MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar plunged more than a half cent on Thursday as the United States dollar gained strength and crude oil prices fell back. The Canadian dollar closed at US$0.7420 or US$1=C$1.3377, compared to Wednesday’s finish of US$0.7477 or US$1=C$1.3375. On the U.S. Dollar Index, the greenback […] Read more

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