Currency Markets

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s rally as gains in crude oil provided support. At 9:22 a.m. CDT Thursday morning the Canadian dollar was at US$0.7850 or US$1=C$1.2739, which compares with Wednesday’s close of US$0.7819 or US$1=C$1.2789. Citing COVID-19 restrictions and geopolitical […] Read more

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as currency markets reacted to updated inflation data out of the United States. The Canadian dollar settled at US$0.7819 or US$1=C$1.2789 on Wednesday, which compares with Tuesday’s close of US$0.7764 or US$1=C$1.2880. The U.S. Consumer Price Index was up by 8.5 […] Read more

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning as financial markets reacted to updated inflation data out of the United States. At 9:12 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7800 or US$1=C$1.2821, which compares with Tuesday’s close of US$0.7764 or US$1=C$1.2880. U.S. consumer prices held steady […] Read more

By MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, with a declining appetite for risk in the global financial markets reportedly putting some pressure on the currency. The Canadian dollar settled at US$0.7764 or US$1=C$1.2880 on Tuesday, which compares with Monday’s close of US$0.7778 or US$1=C$1.2857. Weakness in crude […] Read more

By MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, lacking any clear direction as the currency saw some stability after Monday’s gains. At 8:58 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7780 or US$1=C$1.2853, which compares with Monday’s close of US$0.7778 or US$1=C$1.2857. Crude oil was firmer […] Read more

By MarketsFarm WINNIPEG, Aug. 8 (MarketsFarm) – The Canadian dollar was stronger on Monday, taking back most of Friday’s losses as crude oil also recovered from its own declines. The Canadian dollar settled at US$0.7778 or US$1=C$1.2857 on Monday, which compares with Friday’s close of US$0.7732 or US$1=C$1.2934. Expectations that the Bank of Canada could […] Read more

By MarketsFarm WINNIPEG, Aug. 8 (MarketsFarm) – The Canadian dollar was stronger Monday morning, seeing a recovery to start the week after Friday’s losses. At 9:21 a.m. CDT Monday morning the Canadian dollar was at US$0.7780 or US$1=C$1.2853, which compares with Friday’s close of US$0.7732 or US$1=C$1.2934. Broad gains in outside equity and energy markets […] Read more

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was weaker on Friday as currency markets reacted to the latest North American jobs data. The Canadian dollar settled at US$0.7732 or US$1=C$1.2934 on Friday, which compares with Thursday’s close of US$0.7780 or US$1=C$1.2854. Canada’s unemployment rate held steady at 4.9 per cent in July, […] Read more

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as weakness in crude oil weighed on the energy-linked currency. Diverging jobs data from the United States and Canada added to the softer tone. At 8:53 a.m. CDT Friday morning the Canadian dollar was at US$0.7710 or US$1=C$1.2970, which compares with […] Read more

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held steady on Thursday, as support from broad weakness in the United States dollar index internationally was countered by the bearish influence of declines in crude oil. The Canadian dollar settled at US$0.7780 or US$1=C$1.2854 on Thursday, which compares with Wednesday’s close of US$0.7780 or […] Read more