Currency Markets

By MarketsFarm   WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, as investors squared positions ahead of updated employment data out on Friday. The Canadian dollar settled at US$0.7512 or US$1=C$1.3312 on Thursday, which compares with Wednesday’s close of US$0.7507 or US$1=C$1.3321. An estimated C$10.3 billion worth of building permits […] Read more

By MarketsFarm   WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, lacking any clear direction. At 8:46 a.m. CST Thursday morning the Canadian dollar was at US$0.7505 or US$1=C$1.3324, which compares with Wednesday’s close of US$0.7507 or US$1=C$1.3321. An estimated C$10.3 billion worth of building permits were issued in Canada […] Read more

By MarketsFarm   WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar showed some modest strength on Wednesday, as investors reacted to the latest interest rate decision out of the United States. The Canadian dollar settled at US$0.7507 or US$1=C$1.3321 on Wednesday, which compares with Tuesday’s close of US$0.7491 or US$1=C$1.3350. The U.S. Federal Reserve upped […] Read more

By MarketsFarm   WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar was firmer Wednesday morning, as currency traders adjusted positions ahead of an interest rate announcement from the United States Federal Reserve. At 8:40 a.m. CST Wednesday morning the Canadian dollar was at US$0.7513 or US$1=C$1.3310, which compares with Tuesday’s close of US$0.7491 or US$1=C$1.3350. […] Read more

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, as the country’s latest gross domestic product data met expectations. The Canadian dollar settled at US$0.7491 or US$1=C$1.3350 on Tuesday, which compares with Monday’s close of US$0.7487 or US$1=C$1.3356. Canada’s economy grew by 0.1 per cent in November compared […] Read more

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, seeing a continuation of Monday’s declines as currency traders position themselves ahead of an upcoming interest rate announcement from the United States Federal Reserve. At 8:38 a.m. CST Tuesday morning the Canadian dollar was at US$0.7455 or US$1=C$1.3414, which compares […] Read more

By MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with investors said to be showing some caution ahead of an interest rate announcement from the United States Federal Reserve on Wednesday. General expectations are for the Fed to raise rates by 25 basis points, with the accompanying statement to […] Read more

By MarketsFarm   WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:59 a.m. CST Monday morning the Canadian dollar was at US$0.7492 or US$1=C$1.3348, which compares with Friday’s close of US$0.7511 or US$1=C$1.3314. Crude oil was pressured by bearish […] Read more

WINNIPEG – The Canadian dollar surpassed the 75 United States cent mark on Friday. The loonie closed at US$0.7511 or US$1=C$1.3314, up from US$0.7491 or US$1=C$1.3349 on Thursday. The last time the loonie closed above 75 U.S. cents was on Nov. 16, 2022. The United States Dollar Index gained 0.09 of a point at 101.93. […] Read more

WINNIPEG – The Canadian dollar was inching its way closer to 75 United States cents on Friday morning. The loonie was at US$0.7498 or US$1=C$1.3337, up from US$0.7491 or US$1=C$1.3349 at Thursday’s close. The U.S. Dollar Index was up 0.27 of a point at 102.11. Crude oil continued to rally as optimism over Chinese demand […] Read more