Currency Markets

WINNIPEG – The Canadian dollar is gaining some strength to start the week. As of 8:36 a.m. CST, the loonie was at US$0.7443 or US$1=C$1.3435 on Monday morning, up from US$0.7425 or US$1=C$1.3468 at Friday’s close. On Wednesday, the Bank of Canada (BoC) is expected to raise its key interest rate one final time before […] Read more

By MarketsFarm   WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was weaker on Friday, as broad strength in the United States dollar internationally weighed on the currency. The Canadian dollar settled at US$0.7425 or US$1=C$1.3468 on Thursday, which compares with Thursday’s close of US$0.7444 or US$1=C$1.3433. Canada’s economy added 10,000 jobs in November, after […] Read more

By MarketsFarm   WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was softer Friday morning, as monthly employment data showed little change. At 8:33 a.m. CST Friday morning the Canadian dollar was at US$0.7432 or US$1=C$1.3455, which compares with Thursday’s close of US$0.7444 or US$1=C$1.3433. Canada’s economy added 10,000 jobs in November, after an increase […] Read more

By MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was stronger on Thursday, although expectations that the Bank of Canada may slow its pace of interest rate hikes tempered the advances. The Canadian dollar settled at US$0.7444 or US$1=C$1.3433 on Thursday, which compares with Wednesday’s close of US$0.7403 or US$1=C$1.3508. Comments from United States […] Read more

By MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, as gains in crude oil and broad weakness in the United States dollar internationally provided support. At 8:35 a.m. CST Thursday morning the Canadian dollar was at US$0.7449 or US$1=C$1.3425, which compares with Wednesday’s close of US$0.7403 or US$1=C$1.3508. Comments from […] Read more

WINNIPEG – The Canadian dollar was stronger on Wednesday, seeing a recovery after weakening sharply on Tuesday. The Canadian dollar settled at US$0.7403 or US$1=C$1.3508 on Wednesday, which compares with Tuesday’s close of US$0.7365 or US$1=C$1.3578. Comments from United States Federal Reserve chair Jerome Powell indicating the U.S. central bank would be taking a less […] Read more

By MarketsFarm   WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, seeing a modest correction after falling to four-week lows relative to its United States counterpart on Tuesday. At 8:41 a.m. CST Wednesday morning the Canadian dollar was at US$0.7409 or US$1=C$1.3497, which compares with Tuesday’s close of US$0.7365 or US$1=C$1.3578. […] Read more

WINNIPEG – The Canadian dollar dropped to its weakest level of the past month relative to its United States counterpart on Tuesday. The softness in the currency came despite relative solid gross domestic product data, with merger and acquisition money flows thought to be behind some of the activity. The Canadian dollar settled at US$0.7365 […] Read more

By MarketsFarm   WINNIPEG, Nov. 29 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as domestic inflation data failed to live up to expectations. At 8:39 a.m. CST Tuesday morning the Canadian dollar was at US$0.7380 or US$1=C$1.3550, which compares with Monday’s close of US$0.7433 or US$1=C$1.3453. Canada’s gross domestic product was up by […] Read more

By MarketsFarm WINNIPEG, Nov. 28 (MarketsFarm) – The Canadian dollar was weaker on Monday, as protests in China over the country’s strict COVID-19 lockdown measures raised concerns in global financial and commodity markets. The Canadian dollar settled at US$0.7433 or US$1=C$1.3453 on Monday, which compares with Friday’s close of US$0.7476 or US$1=C$1.3377. Crude oil initially […] Read more