Currency Markets

By MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was sharply stronger on Friday, as a rally in crude oil and solid jobs data provided support. The Canadian dollar settled at US$0.7398 or US$1=C$1.3517 on Friday, which compares with Thursday’s close of US$0.7273 or US$1=C$1.3749. Canada’s economy added 108,000 jobs in October, with the […] Read more

By MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was sharply stronger Friday morning, boosted by solid domestic jobs data and a rally in crude oil. At 8:41 a.m. CDT Friday morning the Canadian dollar was at US$0.7390 or US$1=C$1.3532, which compares with Thursday’s close of US$0.7273 or US$1=C$1.3749. Canada’s economy added 108,000 jobs […] Read more

By MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as global recessionary fears and losses in crude oil weighed on the currency. The Canadian dollar settled at US$0.7273 or US$1=C$1.3749 on Thursday, which compares with Wednesday’s close of US$0.7337 or US$1=C$1.3630. Expectations for more interest rate hikes from the United […] Read more

By MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was sharply weaker Thursday morning, dropping by nearly a full cent relative to its United States counterpart. At 8:50 a.m. CDT Thursday morning the Canadian dollar was at US$0.7250 or US$1=C$1.3793, which compares with Wednesday’s close of US$0.7337 or US$1=C$1.3630. Canada’s merchandise trade surplus widened […] Read more

By MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was slightly weaker on Wednesday, as rising interest rates in the United States weighed on equity markets. The Canadian dollar settled at US$0.7337 or US$1=C$1.3630 on Tuesday, which compares with Tuesday’s close of US$0.7345 or US$1=C$1.3614. The U.S. Federal Reserve raised interest rates by 75 […] Read more

By MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning, as the currency markets await the latest interest rate announcement from the United States Federal Reserve. At 8:41 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7350 or US$1=C$1.3605, which compares with Tuesday’s close of US$0.7345 or US$1=C$1.3614. […] Read more

By MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, with positioning ahead of the United States Federal Reserve’s upcoming interest rate decision behind some of the activity. The Canadian dollar settled at US$0.7345 or US$1=C$1.3614 on Tuesday, which compares with Monday’s close of US$0.7327 or US$1=C$1.3649. It’s generally expected […] Read more

By MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning as broad weakness in the United States dollar internationally provided some support. At 8:47 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7380 or US$1=C$1.3550, which compares with Monday’s close of US$0.7327 or US$1=C$1.3649. Positioning ahead of the U.S. Federal […] Read more

By MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, as losses in crude oil and positioning ahead of the United States Federal Reserve’s upcoming interest rate decision weighed on the currency. The Canadian dollar settled at US$0.7327 or US$1=C$1.3649 on Tuesday, which compares with Friday’s close of US$0.7345 or […] Read more

By MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was weaker Monday morning, with losses in crude oil weighing on the energy-linked currency. At 8:48 a.m. CDT Monday morning the Canadian dollar was at US$0.7310 or US$1=C$1.3680, which compares with Friday’s close of US$0.7345 or US$1=C$1.3615. Economic data out of China failed to live […] Read more