Currency Markets

By MarketsFarm   WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar posted modest gains relative to its United States counterpart on Tuesday, with positioning ahead of Wednesday’s Bank of Canada interest rate announcement behind some of the activity. The Canadian dollar settled at US$0.7452 or US$1=C$1.3419 on Tuesday, which compares with Monday’s close of US$0.7444 […] Read more

By MarketsFarm   WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar was slightly softer Tuesday morning, as losses in crude oil weighed on the energy-linked currency. At 8:38 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7439 or US$1=C$1.3443, which compares with Monday’s close of US$0.7444 or US$1=C$1.3434. Canadian municipalities issued C$9.6 billion worth […] Read more

By MarketsFarm   WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar held steady on Monday, lacking any clear direction ahead of the Bank of Canada’s looming interest rate decision. The Canadian dollar settled at US$0.7444 or US$1=C$1.3434 on Monday, which compares with Friday’s close of US$0.7443 or US$1=C$1.3435. Most market participants expect the Bank will […] Read more

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was holding steady Monday morning, as market participants square positions ahead of an upcoming interest rate decision from the Bank of Canada. At 8:35 a.m. CDT Monday morning the Canadian dollar was at US$0.7444 or US$1=C$1.3434, which compares with Friday’s close of US$0.7443 or US$1=C$1.3435. […] Read more

Compiled by MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar added a little more than a quarter of a cent on Friday, as crude oil prices swung upward. Gains in the United States dollar against other international currencies tempered further increases in the loonie. The Canadian dollar closed at US$0.7443 or US$1=C$1.3435, compared to […] Read more

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar continued pushing higher on Friday morning, riding spillover from gains in crude oil while the United States dollar held firm. As of 8:35 am CDT, the loonie was at US$0.7455 or C$1.3415, compared to Thursday’s close of US$0.7417 or US$1=C$1.3482. On the U.S. Dollar Index, […] Read more

Compiled by MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was on the rebound Thursday, pushing well above 74 United States cents due to a sharp drop in its U.S. dollar and higher crude oil prices. The loonie closed at US$0.7417 or US$1=C$1.3482, compared to Wednesday’s finish of US$0.7351 or US$1=C$1.3603. On the U.S. […] Read more

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Thursday morning catching some of the spillover from the end of the United States government’s debt crisis. As of 8:35 am CDT, the loonie was at US$0.7385 or C$1.3537, compared to Wednesday’s close of US$0.7351 or US$1=C$1.3603. On the U.S. Dollar Index, […] Read more

Compiled by MarketsFarm WINNIPEG, May 31 (MarketsFarm) – The Canadian dollar dipped slightly on Wednesday in trying to hold its own against lower crude oil prices. A stronger Canadian economy helped to fend off further declines. The loonie closed at US$0.7351 or US$1=C$1.3603, compared to Monday’s finish of US$0.7354 or US$1=C$1.3598. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, May 31 (MarketsFarm) – The Canadian dollar was lower on Wednesday morning despite Statistics Canada’s latest report on economic growth. Pressure came from gains in the United States dollar and declines in crude oil prices. As of 8:39 am CDT, the loonie was at US$0.7339 or C$1.3623, compared to Tuesday’s close of […] Read more