Currency Markets

WINNIPEG – The Canadian dollar made gains on Monday to go along with those in the oil and stock markets. The loonie was at US$0.7862 or US$1=C$1.2719 on Monday, up from Friday’s close of US$0.7830 or US$1=C$1.2772. Ontario and Quebec have begun to ease COVID-19 public health restrictions starting today, while Canadian Prime Minister Justin […] Read more

WINNIPEG – The Canadian dollar slightly increased to begin the week. As of 8:34 a.m. CST, the loonie was at US$0.7842 or US$1=C$1.2752 on Monday, compared to US$0.7830 or US$1=C$1.2772 on Friday. The United States Dollar Index was down 0.31 points at 96.96. Last week, both the Bank of Canada and the U.S. Federal Reserve […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was lower on Friday morning, despite a slightly weaker United States dollar and increases in crude oil prices. As of 8:38 am CST, the Canadian dollar was at US$0.7831 or C$1.2767, compared to Thursday’s close of US$0.7867 or C$1.2712. On the United […] Read more

WINNIPEG – The Canadian dollar fell to its lowest level in three weeks the day after the Bank of Canada (BoC) announced it was holding its key interest rate at 0.25 per cent. The loonie was at US$0.7867 or US$1=C$1.2712 on Thursday, down from Wednesday’s close of US$0.7933 or US$1=C$1.2606. Both the BoC and the […] Read more

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as investors continued to react to the Bank of Canada’s decision to keep interest rates unchanged for now. At 8:42 a.m. CST Thursday morning the Canadian dollar was at US$0.7889 or US$1=C$1.2676, which compares with Wednesday’s close of US$0.7933 or US$1=C$1.2606. […] Read more

By MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was firmer on Wednesday as currency traders reacted to interest rate announcements from central banks in Canada and the United States. The Canadian dollar closed at US$0.7933 or US$1=C$1.2606 on Wednesday, which compares with Tuesday’s North American close of US$0.7918 or US$1=C$1.2629. Both the Bank […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, ahead of the interest rate announcement from Bank of Canada Governor Tiff Macklem. As of 8:34 am CST, the Canadian dollar was at US$0.7944 or C$1.2587, compared to Tuesday’s close of US$0.7918 or C$1.2629. The markets expect […] Read more

By MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing a recovery after hitting its softest levels in two weeks on Monday. The Canadian dollar closed at US$0.7918 or US$1=C$1.2629 on Tuesday, which compares with Monday’s North American close of US$0.7901 or US$1=C$1.2656. The Bank of Canada makes its […] Read more

By MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar was sharply weaker on Monday, as a reduced appetite for risk in the global financial markets amid the ongoing tensions between Russia and Ukraine weighed on the currency. Equities and crude oil were both weaker on the day. The Canadian dollar closed at US$0.7901 or […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar weaker on Monday morning due to losses in crude oil prices and an increase in the United States dollar. As of 8:36 am CST, the Canadian dollar was at US$0.7912 or C$1.2641, compared to Friday’s close of US$0.7971 or C$1.2545. On the […] Read more