Currency Markets

WINNIPEG – The Canadian dollar dropped below the 80 United States cent mark despite good economic news on Thursday. As of 8:36 a.m. CDT, the loonie was at US$0.7988 or US$1=C$1.2519, compared to US$0.8019 or US$1=C$1.2470 on Wednesday. Statistics Canada reported on Thursday that the country’s economy grew an estimated 0.8 per cent in February, […] Read more

WINNIPEG – The Canadian dollar surpassed the 80 United States cent mark as crude oil prices rise once again. As of 8:37 a.m. CDT, the loonie was at US$0.8034 or US$1=C$1.2447, compared to US$0.7994 or US$1=C$1.2509 on Tuesday. The Canadian government tabled its new carbon emissions reduction plan in Parliament on Tuesday, asking for a […] Read more

WINNIPEG – The Canadian dollar very nearly closed at the 80 United States cent mark on Tuesday. The loonie closed at US$0.7994 or US$1=C$1.2509, up from Monday’s close of US$0.7974 or US$1=C$1.2541. The Canadian federal government tabled its new climate change plan in Parliament on Tuesday, which states that oil and gas emissions must be […] Read more

WINNIPEG – The Canadian dollar made early gains on Tuesday while also decoupling from crude oil. As of 8:37 a.m. CDT, the loonie was at US$0.7991 or US$1=C$1.2514, compared to US$0.7974 or US$1=C$1.2541 on Monday. The Canadian government will table its new carbon emissions reduction plan in Parliament later today. The United States Dollar Index […] Read more

WINNIPEG – The Canadian dollar retreated from the 80 United States cent mark on Monday. The loonie closed at US$0.7974 or US$1=C$1.2541, down from Friday’s close of US$0.7999 or US$1=C$1.2502. A survey by Nanos Research reported that 51 per cent of Canadians believe the economy will weaken over the next six months, with primary concerns […] Read more

WINNIPEG – The Canadian dollar took a step back on Monday as crude oil declined to start the week. As of 8:37 a.m. CDT, the loonie was at US$0.7982 or US$1=C$1.2528, compared to US$0.7999 or US$1=C$1.2502 on Friday. The U.S. Dollar Index was up 0.54 of a point at 99.33. Benchmark crude oil prices were […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was higher on Friday, due to increases in crude oil prices. The loonie closed at US$0.7999 or US$1=C$1.2502, compared to Thursday’s close of US$0.7971 or US$1=C$1.2545. On the United States Dollar Index, the greenback nudged up 0.060 of a point at 98.860. […] Read more

By MarketsFarm WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was firmer Friday morning, as global investors were said to be showing a renewed appetite for risk. At 8:44 a.m. CDT Friday morning the Canadian dollar was at US$0.7988 or US$1=C$1.2519, which compares with Thursday’s close of US$0.7971 or US$1=C$1.2545. The ongoing conflict in Ukraine […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was higher on Thursday, despite a stronger United States dollar and losses in crude oil prices. The loonie closed at US$0.7971 or US$1=C$1.2545, compared to Wednesday’s close of US$0.7955 or US$1=C$1.2574. On the U.S. Dollar Index, the greenback rose 0.175 of a […] Read more

By MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was holding steady relative to its United States counterpart Thursday morning. At 8:41 a.m. CDT Thursday morning the Canadian dollar was at US$0.7953 or US$1=C$1.2574, which compares with Wednesday’s close of US$0.7955 or US$1=C$1.2571. Statistics Canada reported that about 633,000 Canadians received regular Employment Insurance […] Read more