Currency Markets

By MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest level in a month relative to its United States counterpart. The Canadian dollar settled at US$0.7698 or US$1=C$1.2991 on Friday, which compares with Thursday’s close of US$0.7735 or US$1=C$1.2928. Uncertainty over a global economic slowdown had investors backing […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was lower on Friday morning, as the United States dollar gained strength and crude oil stepped back. As of 8:38 am CDT, the Canadian dollar was at US$0.7706 or C$1.2983, compared to Thursday’s close of US$0.7735 or C$1.2928. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as mounting expectations for an interest rate hike in the United States put some pressure on the currency. The Canadian dollar settled at US$0.7735 or US$1=C$1.2928 on Thursday, which compares with Wednesday’s close of US$0.7745 or US$1=C$1.2912. U.S. Federal Reserve officials […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday morning, as a stronger United States dollar offset increases in crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7743 or C$1.2913, compared to Wednesday’s close of US$0.7745 or C$1.2912. On the United […] Read more

WINNIPEG – The Canadian dollar was weaker on Wednesday, taking back Tuesday’s gains. The Canadian dollar settled at US$0.7745 or US$1=C$1.2912 on Wednesday, which compares with Tuesday’s close of US$0.7772 or US$1=C$1.2867. The softer tone in the currency came despite gains in crude oil, with West Texas Intermediate crude oil up by 1.43 per cent […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – The Canadian dollar was weaker on Wednesday morning, as the United States dollar was slightly stronger. As of 8:37 am CDT, the Canadian dollar was at US$0.7742 or C$1.2924, compared to Tuesday’s close of US$0.7772 or C$1.2867. On the United States Dollar Index, the greenback […] Read more

By MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, seeing a modest correction after Monday’s sharp drop relative to its United States counterpart. The Canadian dollar settled at US$0.7772 or US$1=C$1.2867 on Tuesday, which compares with Monday’s close of US$0.7747 or US$1=C$1.2908. Canada’s annual rate of inflation came in at […] Read more

WINNIPEG – After a large drop on Monday, the Canadian dollar regained some of its losses on Tuesday after the announcement of welcome inflation news. As of 9:08 a.m. CDT, the loonie was at US$0.7768 or US$1=C$1.2873, compared to US$0.7747 or US$1=C$1.2908 on Monday. Statistics Canada reported on Tuesday that Canada’s annual inflation rate dropped […] Read more

WINNIPEG- The Canadian dollar was weaker at Monday’s close, as soft Chinese economic data and losses in crude oil weighed on the currency. The Canadian dollar settled at US$0.7747 or US$1=C$1.2908 on Monday, which compares with Friday’s close of US$0.7823 or US$1=C$1.2783. Signs of slowing activity in China’s economy saw the country’s central bank unexpectedly […] Read more

WINNIPEG – The Canadian dollar took a tumble on Monday largely due to a potential economic slowdown in China. As of 9:07 a.m. CDT, the loonie was at US$0.7740 or US$1=C$1.2920, compared to US$0.7823 or US$1=C$1.2783 on Friday. Canada’s central data agency reported on Monday that manufacturing sales fell 0.8 per cent in June, led […] Read more