Currency Markets

By MarketsFarm   WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, retreating from early gains relative to its United States counterpart. At 9:10 a.m. CST Thursday morning the Canadian dollar was at US$0.7440 or US$1=C$1.3441, which compares with Wednesday’s close of US$0.7449 or US$1=C$1.3425. Broad weakness in the U.S. dollar internationally […] Read more

By MarketsFarm   WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, seeing some consolidation after recent moves. The Canadian dollar settled at US$0.7449 or US$1=C$1.3425 on Wednesday, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. While gains in crude oil provided some support, uncertainty ahead of updated inflation data […] Read more

By MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Wednesday morning the Canadian dollar was at US$0.7450 or US$1=C$1.3423, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. Easing COVID-19 restrictions in China and expectations for rising world oil […] Read more

By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly softer on Tuesday, backing away from the six-week highs relative to its United States counterpart hit the previous session. The Canadian dollar settled at US$0.7451 or US$1=C$1.3421 on Tuesday, which compares with Monday’s close of US$0.7451 or US$1=C$1.3421. A speech by U.S. […] Read more

By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning, seeing a modest correction after hitting its highest level in six weeks relative to its United States counterpart on Tuesday. At 9:07 a.m. CST Tuesday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Monday’s close […] Read more

By MarketsFarm WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger on Monday, as a move by China to reopen its borders led to some increased optimism in global financial markets. The Canadian dollar settled at US$0.7476 or US$1=C$1.3376 on Monday, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building […] Read more

By MarketsFarm   WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger Monday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Monday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building permits issued in Canada climbed by 14.1 […] Read more

WINNIPEG – The Canadian dollar jumped on Friday to its highest close in more than a month after the release of supportive economic data from Statistics Canada (StatCan). The loonie closed at US$0.7415 or US$1=C$1.3486, up from US$0.7372 or US$1=C$1.3564 on Thursday. On Friday, StatCan reported that 104,000 jobs were added to the Canadian economy […] Read more

WINNIPEG – The Canadian dollar made a slight gain on Friday morning after the release of positive economic news from Statistics Canada (StatCan). The loonie was at US$0.7391 or US$1=C$1.3530, up from US$0.7372 or US$1=C$1.3564 at Thursday’s close. StatCan reported on Friday that the Canadian economy added 104,000 jobs in December while also cutting the […] Read more

WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday. The loonie closed at US$0.7372 or US$1=C$1.3564, down from US$0.7403 or US$1=C$1.3508 on Wednesday. The U.S. Dollar Index gained 0.91 of a point at 105.15. Crude oil prices rebounded on Thursday as the market corrected itself amid new COVID-19 infections in China. […] Read more