Currency Markets

By MarketsFarm WINNIPEG, June 17 (MarketsFarm) The Canadian dollar was weaker Friday morning, dipping below 77 U.S. cents as mounting concerns over a global recession weighed on riskier assets. At 8:38 a.m. CDT Friday morning the Canadian dollar was at US$0.7670 or C$1.3038 which compares with Thursday’s North American close of US$0.7735 or C$1.2928. Canada’s […] Read more

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was slightly firmer on Thursday, as gains in crude oil helped offset the pressure from declining equities. The Canadian dollar closed at US$0.7735 or US$1=C$1.2928 on Thursday, which compares with Wednesday’s North American close of US$0.7723 or US$1=C$1.2948. New sanctions by the United States against […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was relatively steady on Thursday morning, as the United States dollar pulled back and with weakness in crude oil. As of 8:42 am CDT, the Canadian dollar was at US$0.7727 or C$1.2943, compared to Wednesday’s close of US$0.7723 or C$1.2948. On the […] Read more

By MarketsFarm WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar hit its lowest level in a month relative to its United States counterpart on Wednesday before recovering to end relatively unchanged, as the financial markets reacted to the latest interest rate decision from the U.S. Federal Reserve. The Canadian dollar closed at US$0.7723 or US$1=C$1.2948 […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar continued ease back further on Wednesday morning, on the pretext that the Bank of Canada (BoC) will follow the United States Federal Reserve in boosting its key interest rate by 75 basis points to 2.25 per cent. The latter is scheduled to […] Read more

By MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as expectations for an aggressive interest rate hike from the United States Federal Reserve circulated the financial markets. The Canadian dollar closed at US$0.7728 or US$1=C$1.2940 on Tuesday, which compares with Monday’s North American close of US$0.7777 or US$1=C$1.2859. The U.S. […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar retreated further on Tuesday morning despite a lower United States dollar and higher crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7730 or C$1.2933, compared to Monday’s close of US$0.7777 or C$1.2859. On the U.S. Dollar Index, […] Read more

By MarketsFarm WINNIPEG, June 13 (MarketsFarm) – The Canadian dollar was weaker on Monday, seeing a continuation of last week’s losses relative to its United States counterpart. The Canadian dollar closed at US$0.7777 or US$1=C$1.2859 on Monday, which compares with Friday’s North American close of US$0.7827 or US$1=C$1.2777. Expectations for a U.S. interest rate hike […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – In adding to the sharp declines on Friday, the Canadian dollar continued pulling back on Monday morning. The loonie was being pushed lower by a surging United States dollar and weakness in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar tumbled on Friday as the United States dollar surged upward and crude oil prices slid further. However, improvements to Canada’s rate of unemployment helped to temper further declines. The loonie closed at US$0.7827 or US$1=C$1.2777, compared to Thursday’s close of US$0.7909 or […] Read more