Currency Markets

By MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil weighed on the energy-linked currency. At 8:57 a.m. CDT Thursday morning the Canadian dollar was at US$0.7740 or US$1=C$1.2920, which compares with Wednesday’s close of US$0.7762 or US$1=C$1.2884. Statistics Canada reported that about 499,000 Canadians […] Read more

WINNIPEG – The Canadian dollar gained some strength on Wednesday, hours after the release of a major report from Statistics Canada. As of 3:45 p.m. CDT, the loonie traded at US$0.7762 or US$1=C$1.2883, up from US$0.7750 or US$1=C$1.2904 on Tuesday. The Bank of Canada did not post their closing exchange rate at press time. Canada’s […] Read more

By MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, as the country’s annual rate of inflation hit its highest level in nearly four decades. At 8:53 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7770 or US$1=C$1.2870, which compares with Tuesday’s close of US$0.7750 or US$1=C$1.2904. Canada’s annual […] Read more

WINNIPEG – The Canadian dollar was stronger on Tuesday, one day before a major report from Statistics Canada. The loonie closed at US$0.7750 or US$1=C$1.2904, up from US$0.7723 or US$1=C$1.2948 on Monday. Canada’s central data agency will announce the June inflation rate on Wednesday with many analysts expecting a rise. The United States Dollar Index […] Read more

By MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning, lacking any clear direction in early activity. A generally weaker tone in the United States dollar internationally provided some support, although losses in crude oil put some pressure on the energy-linked currency. At 8:35 a.m. CDT Tuesday morning the […] Read more

WINNIPEG – The Canadian dollar gained a firmer tone to begin the week due to a weakening United States greenback and higher crude oil prices. The loonie closed at US$0.7723 or US$1=C$1.1948, up from US$0.7670 or US$1=C$1.3038 on Friday. The U.S. Dollar Index eased off 0.63 of a point to 107.43. Crude oil prices jumped […] Read more

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was stronger Monday morning, as the energy-linked currency found support from advances in crude oil. At 8:40 a.m. CDT Monday morning the Canadian dollar was at US$0.7720 or US$1=C$1.2953, which compares with Friday’s close of US$0.7670 or US$1=C$1.3038. Canadian housing starts came in at 273,800 […] Read more

By MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was stronger on Friday, seeing a bit of a recovery after Thursday’s sharp drop relative to its United States counterpart. The Canadian dollar settled at US$0.7670 or US$1=C$1.3038 on Friday, which compares with Thursday’s North American close of US$0.7612 or US$1=C$1.3138. Canadian wholesale sales were […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was higher on Friday morning, due to the United States dollar easing back and an upswing in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was at US$0.7665 or C$1.3045, compared to Thursday’s close of US$0.7612 or C$1.3138. […] Read more

WINNIPEG – The Canadian dollar fell hard on Thursday due to a strengthening United States dollar and fears of a recession later this year. The loonie closed at US$0.7612 or US$1=C$1.3138, down from US$0.7707 or US$1=C$1.2976 on Wednesday. Yesterday, the Bank of Canada (BoC) raised its key interest rate by one full point to 2.5 […] Read more