Currency Markets

Canadian Dollar and Business Outlook: Loonie pushes higher Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 28 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning, as trading in the Canadian markets resumed after the holidays. As of 8:31 am CST, the loonie was at US$0.7404 or C$1.3510, compared to Friday’s close of US$0.7351 or […] Read more

By MarketsFarm   WINNIPEG, Dec. 23 (MarketsFarm) – The Canadian dollar was firmer on Friday, hitting its highest level in more than a week as investors adjusted positions ahead of the Christmas holiday. The Canadian dollar settled at US$0.7351 or US$1=C$1.3603 on Friday, which compares with Thursday’s close of US$0.7323 or US$1=C$1.3656. Canada’s economy grew […] Read more

WINNIPEG – The Canadian dollar is slightly stronger Friday morning. The loonie was at US$0.7330 or US$1=C$1.3643, up from US$0.7323 or US$1=C$1.3656 at Thursday’s close. Earlier today, Statistics Canada (StatCan) reported that Canada’s economy grew by 0.1 per cent in October, while also estimating that the country’s real GDP remained unchanged for November. The United […] Read more

By MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, in what analysts described as a ‘risk-off’ move ahead of the holidays. The Canadian dollar settled at US$0.7323 or US$1=C$1.3656 on Thursday, which compares with Wednesday’s close of US$0.7346 or US$1=C$1.3612. West Texas Intermediate retreated from earlier gains, down by […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Ukrainian President Volodymyr Zelenskyy made his first foreign trip since Russia’s invasion of Ukraine on Wednesday, visiting the White House in the afternoon and later addressing Congress in the evening. The visit was designed to shore up U.S. […] Read more

WINNIPEG – The Canadian dollar is declining on Thursday morning. The loonie was at US$0.7324 or US$1=C$1.3654, down from US$0.7346 or US$1=C$1.3612 at Wednesday’s close. The United States Dollar Index gained 0.18 of a point at 104.34. Crude oil made gains on Thursday due to the easing of COVID-19 restrictions in China and a reduction […] Read more

By MarketsFarm   WINNIPEG, Dec. 21 (MarketsFarm) – The Canadian dollar held steady on Wednesday, lacking any clear direction as market participants weighed the latest domestic inflation data. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612 on Wednesday, which compares with Tuesday’s close of US$0.7342 or US$1=C$1.3621. Canada’s annual rate of inflation dipped to 6.8 […] Read more

By MarketsFarm   WINNIPEG, Dec. 21 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning as currency traders reacted to the country’s latest inflation data. At 8:41 a.m. CST Wednesday morning the Canadian dollar was at US$0.7340 or US$1=C$1.3624, which compares with Tuesday’s close of US$0.7342 or US$1=C$1.3621. Canada’s annual rate of inflation dipped […] Read more

By MarketsFarm WINNIPEG, Dec. 20 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, as global currency markets reacted to policy adjustments at the Bank of Japan that weighed on the United States dollar. The Canadian dollar settled at US$0.7342 or US$1=C$1.3621 on Tuesday, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653. Canadian retail […] Read more

By MarketsFarm   WINNIPEG, Dec. 20 MarketsFarm) – The Canadian dollar was holding steady Tuesday morning in relatively subdued activity. At 8:33 a.m. CST Tuesday morning the Canadian dollar was at US$0.7326 or US$1=C$1.3650, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653. Canadian retail sales were up by 1.4 per cent in October compared […] Read more