Currency Markets

Compiled by MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar was relatively steady on Friday, balanced off by a weaker United States dollar and stronger crude oil prices. The loonie closed at US$0.7348 or US$1=C$1.3610, compared to Thursday’s close of US$0.7345 or US$1=C$1.3614. On the U.S. Dollar Index, the greenback lost 0.495 of a […] Read more

By MarketsFarm   WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar was weaker Friday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement a feature. At 8:41 a.m. CST Friday morning the Canadian dollar was at US$0.7338 or US$1=C$1.3628, which compares with Thursday’s close of US$0.7345 or US$1=C$1.3612. The value of […] Read more

By MarketsFarm   WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar held steady once again on Thursday, as investors continued to show a reluctance to push values too far one way or the other ahead of next week’s Bank of Canada interest rate announcement. The Canadian dollar settled at US$0.7345 or US$1=C$1.3614 on Wednesday, which […] Read more

By MarketsFarm   WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was slightly softer Thursday morning, as general strength in the United States dollar internationally put some pressure on the domestic currency. At 8:48 a.m. CST Thursday morning the Canadian dollar was at US$0.7337 or US$1=C$1.3630, which compares with Wednesday’s close of US$0.7346 or US$1=C$1.3612. […] Read more

By MarketsFarm   WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar held steady on Wednesday, as investors squared positions ahead of next week’s Bank of Canada interest rate announcement. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612 on Wednesday, which compares with Tuesday’s close of US$0.7348 or US$1=C$1.3609. Canada’s real gross domestic product was unchanged […] Read more

By MarketsFarm   WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning amid ideas the Bank of Canada will pause its steady pace of interest rate hikes for the time being. At 8:53 a.m. CST Wednesday morning the Canadian dollar was at US$0.7346 or US$1=C$1.3613, which compares with Tuesday’s close […] Read more

By MarketsFarm   WINNIPEG, Feb. 28 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as currency traders reacted to news that the country’s economy stalled in the fourth quarter of 2022. The Canadian dollar settled at US$0.7348 or US$1=C$1.3609 on Tuesday, which compares with Monday’s close of US$0.7368 or US$1=C$1.3573. Canada’s real gross domestic […] Read more

By MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The Canadian dollar was slightly softer Tuesday morning as currency traders reacted to surprisingly flat inflation data out of the country. At 9:07 a.m. CST Tuesday morning the Canadian dollar was at US$0.7360 or US$1=C$1.3587, which compares with Monday’s close of US$0.7368 or US$1=C$1.3573. Canada’s real gross domestic […] Read more

By MarketsFarm   WINNIPEG, Feb. 27 (MarketsFarm) – The Canadian dollar was firmer on Monday, taking back some of its recent losses relative to its United States counterpart as participants adjusted positions ahead of Tuesday’s gross domestic product report from Statistics Canada. The Canadian dollar settled at US$0.7368 or US$1=C$1.3573 on Monday, which compares with […] Read more

By MarketsFarm   WINNIPEG, Feb. 27 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, seeing a modest correction to start the week. At 8:34 a.m. CST Monday morning the Canadian dollar was at US$0.7365 or US$1=C$1.3578, which compares with Friday’s close of US$0.7341 or US$1=C$1.3622. Canada’s current account deficit increased by C$2.2 billion […] Read more