Currency Markets

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

Compiled by MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar lost four-tenths of a cent on Friday, due to a stronger United States dollar. Meanwhile higher crude oil prices fended off more significant declines. The dollar closed at US$0.7341 or US$1=C$1.3622, compared to Thursday’s close of US$0.7381 or US$1=C$1.3549. On the U.S. Dollar Index, […] Read more

    By MarketsFarm   WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as expectations for continued rate hikes in the United States gave the U.S. dollar a boost internationally. At 9:00 a.m. CST Friday morning the Canadian dollar was at US$0.7327 or US$1=C$1.3648, which compares with Thursday’s close of US$0.7381 […] Read more

WINNIPEG – The Canadian dollar was relatively steady on Thursday, with little movement in the United States dollar and upticks in crude oil prices. The dollar closed at US$0.7381 or US$1=C$1.3549, compared to Wednesday’s close of US$0.7384 or US$1=C$1.3551. On the U.S. Dollar Index, the greenback tacked on 0.007 of a point at 104.530. Benchmark […] Read more

By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday morning, getting strength from rising crude oil prices and a strong report from Statistics Canada (StatCan). As of 8:36 am CST, the loonie was at US$0.7390 or C$1.3534, compared to Wednesday’s close of US$0.7384 or US$1=C$1.3542. On the United States […] Read more

Compiled by MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar pulled further below 74 U.S. cents on Wednesday as the United States dollar added strength and global crude oil prices fell back. The dollar closed at US$0.7384 or US$1=C$1.3542, compared to Tuesday’s close of US$0.7399 or US$1=C$1.3516. On the U.S. Dollar Index, the greenback […] Read more