Currency Markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – The Canadian dollar retreated Thursday morning, as the United States dollar surged upward and crude oil prices fell back. As of 8:34 am CDT, the Canadian dollar was at US$0.7573 or C$1.3211, compared to Wednesday’s close of US$0.7707 or C$1.2976. On the United States Dollar […] Read more

By MarketsFarm WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar strengthened on Wednesday as the country’s central bank raised its key overnight interest rate by a full percentage point in an effort to curb rising inflation. The Canadian dollar settled at US$0.7707 or US$1=C$1.2976 on Wednesday, which compares with Tuesday’s North American close of US$0.7683 […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar dipped on Wednesday morning, prior to an announcement from the Bank of Canada (BoC) regarding interest rates. As of 8:34 am CDT, the Canadian dollar was at US$0.7676 or C$1.3033, compared to Tuesday’s close of US$0.7683 or C$1.3015. Later this morning, BoC […] Read more

By MarketsFarm WINNIPEG, July 12 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and concerns over a mounting global recession weighed on the currency. The Canadian dollar settled at US$0.7683 or US$1=C$1.3015 on Tuesday, which compares with Monday’s North American close of US$0.7692 or US$1=C$1.3000. The Bank of Canada […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – The Canadian dollar pulled back on Tuesday morning, in the face of a stronger United States dollar and a sharp drop in crude oil prices. As of 8:34 am CDT, the Canadian dollar was at US$0.7679 or C$1.3021, compared to Monday’s close of US$0.7692 or […] Read more

By MarketsFarm WINNIPEG, July 11 (MarketsFarm) – The Canadian dollar was weaker on Monday, as weakness in global equity markets and broad strength in the United States dollar index weighed on the currency. The Canadian dollar was trading at US$0.7690 or US$1=C$1.3004 late Monday, which compares with Friday’s North American close of US$0.7711 or US$1=C$1.2968. […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 11 (MarketsFarm) – The Canadian dollar was weaker on Monday morning, as the United States currency pushed ahead and crude oil prices retreated. As of 8:36 am CDT, the Canadian dollar was at US$0.7675 or C$1.3032, compared to Friday’s close of US$0.7711 or C$1.2968. On the U.S. Dollar […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar made a small gain on Friday, due to improved crude oil prices and despite mixed news about unemployment in the country. The loonie closed at US$0.7711 or US$1=C$1.2968, compared to Thursday’s close of US$0.7701 or US$1=C$1.2986. While Canada’s rate of unemployment fell […] Read more

By MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, lacking any clear direction as investors squared positions ahead of the weekend. At 8:40 a.m. CDT Friday morning the Canadian dollar was at US$0.7700 or US$1=C$1.2987, which compares with Thursday’s close of US$0.7701 or US$1=C$1.2986. While employment in Canada was […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was stronger on Thursday, with the oil-linked currency benefitting from higher crude oil prices. The loonie closed at US$0.7701 or US$1=C$1.2986, compared to Wednesday’s close of US$0.7665 or US$1=C$1.3047. On the U.S. Dollar Index, the greenback nudged up 0.022 of a point […] Read more