Currency Markets

By MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning, as gains in crude oil and other outside markets provided some support. At 8:41 a.m. CDT Thursday morning the Canadian dollar was at US$0.7690 or US$1=C$1.3004, which compares with Wednesday’s close of US$0.7665 or US$1=C$1.3047. In domestic trade data, Canada’s […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar dipped slightly on Wednesday, despite great pressure from a stronger United States dollar and weaker crude oil prices to pull it lower. The loonie closed at US$0.7665 or US$1=C$1.3047, compared to Tuesday’s close of US$0.7670 or US$1=C$1.3038. On the U.S. Dollar Index, […] Read more

By MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, seeing a modest correction after falling to its weakest level in 20 months relative to its United States counterpart. At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7680 or US$1=C$1.3021, which compares with Tuesday’s close of US$0.7670 […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 5 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, dropping sharply as the United States dollar strengthened while crude oil prices tumbled. The loonie closed at US$0.7670 or US$1=C$1.23038, compared to Monday’s close of US$0.7772 or US$1=C$1.2867. On the U.S. Dollar Index, the greenback surged ahead 1.411 […] Read more

By MarketsFarm WINNIPEG, July 5 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as a downturn in crude oil weighed on the energy-linked currency. At 8:44 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7690 or US$1=C$1.3004, which compares with Monday’s close of US$0.7772 or US$1=C$1.2867. Concerns over a possible global recession were […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 4 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, as crude oil prices swung upward. Also underpinning the Canadian dollar was a Bank of Canada survey that found expectations of high inflation sticking around longer than initially believed. The loonie closed at US$0.7772 or US$1=C$1.2867, compared […] Read more

By MarketsFarm WINNIPEG, July 4 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning in thin holiday trade. Markets in the United States were closed Monday for Independence Day, while Canadian markets had been closed Friday for Canada Day. At 8:39 a.m. CDT Monday morning the Canadian dollar was at US$0.7770 or US$1=C$1.2870, which […] Read more

WINNIPEG – The Canadian dollar closed lower heading into the Canada Day weekend amid mixed economic data from Statistics Canada (StatCan). The loonie closed at US$0.7760 or US$1=C$1.2886, down from US$0.7765 or US$1=C$1.2878 on Wednesday. StatCan reported that Canada’s economy grew by 0.3 per cent in April, but preliminary data showed it contracted by 0.2 […] Read more

WINNIPEG – The Canadian dollar was lower on Thursday after the release of mixed economic data from Statistics Canada. As of 8:53 a.m. CDT, the loonie was at US$0.7750 or US$1=C$1.2903, compared to US$0.7765 or US$1=C$1.2878 on Wednesday. Canada’s central data agency reported on Thursday that the national economy expanded by 0.3 per cent in […] Read more

WINNIPEG – The Canadian dollar eased off a little bit at Wednesday’s close. The loonie closed at US$0.7765 or US$1=C$1.2878, down from US$0.7774 or US$1=C$1.2864 on Tuesday. The United States Dollar Index gained 0.60 of a point to 105.11. After days of rallies, crude oil reversed course on Wednesday as signs indicated slowing gasoline demand. […] Read more