Currency Markets

By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar moved further below 74 U.S. cents on Wednesday morning, as crude oil prices eased back. As of 8:38 am CST, the loonie was at US$0.7388 or C$1.3534, compared to Tuesday’s close of US$0.7399 or US$1=C$1.3516. On the United States Dollar Index, the greenback shed 0.012 […] Read more

Compiled by MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The Canadian dollar closed a smidge under 74 U.S. cents on Tuesday as a stronger United States dollar and declines in global crude oil prices weighed on values. However, the Statistics Canada (StatCan) report on inflation brought a measure of moderation to the loonie. The dollar closed […] Read more

By MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The Canadian dollar was a pinch lower on Tuesday morning as there was little of strength in the United States dollar and mixed signals from crude oil. Trading resumed after holidays in Canada and the U.S on Monday. As of 8:40 am CST, the loonie was at US$0.7407 […] Read more

WINNIPEG – The Canadian dollar ended the week on a low note. The loonie closed at US$0.7415 or US$1=C$1.3487, down from US$0.7441 or US$1=C$1.3439 on Thursday. The United States Dollar Index gained 0.03 of a point at 103.89. Crude oil took a tumble on Friday due to increased U.S. inventories and speculation of continued key […] Read more

WINNIPEG – The Canadian dollar stepped back even further on Friday morning, due to a stronger United States dollar. The loonie was at US$0.7407 or US$1=C$1.3501, down from US$0.7441 or US$1=C$1.3411 at Thursday’s close. Meanwhile, the U.S. Dollar Index jumped 0.45 of a point at 104.30. The greenback’s strength caused crude oil prices to come […] Read more

WINNIPEG – The Canadian dollar made another move downward on Thursday. The loonie closed at US$0.7441 or US$1=C$1.3439, down from US$0.7457 or US$1=C$1.3411 on Wednesday. The U.S. Dollar Index gained 0.11 of a point at 104.03. Crude oil prices continued to drift lower. Brent crude oil was down US$0.61 per barrel to US$84.77. West Texas […] Read more

WINNIPEG – The Canadian dollar continued its retreat on Thursday morning. The loonie was at US$0.7441 or US$1=C$1.3439, down from US$0.7457 or US$1=C$1.3411 at Wednesday’s close. Meanwhile, the United States Dollar Index gained 0.11 of a point at 104.04. Crude oil struggled to find direction as traders assessed larger U.S. stockpiles and Chinese demand. Brent […] Read more

Compiled by MarketsFarm WINNIPEG, Feb. 15 (MarketsFarm) – The Canadian dollar lost more than a third of a cent on Wednesday due to strong upticks in the United States dollar, a lackluster home sales report, and an absence of support from crude oil. The dollar closed at US$0.7456 or US$1=C$1.3411, compared to Tuesday’s close of […] Read more

WINNIPEG – The Canadian dollar was in retreat on Wednesday morning. The loonie was at US$0.7450 or US$1=C$1.3423, down from US$0.7493 or US$1=C$1.3345 at Tuesday’s close. The Canadian Real Estate Association (CREA) announced today that January home sales were down three per cent from the previous month and down 37.1 per cent from January 2022, […] Read more

WINNIPEG – The Canadian dollar was relatively steady on Tuesday, still short of the 75 United States cent mark. The loonie closed at US$0.7493 or US$1=C$1.3345, down from US$0.7495 or US$1=C$1.3343 on Monday. The U.S. Dollar Index lost 0.11 of a point at 103.24. Crude oil prices were lower after the U.S. released some of […] Read more