Currency Markets

WINNIPEG – The Canadian dollar slipped on Monday while the Bank of Canada (BoC) renewed and added to its mandate. The loonie was at US$0.7818 or US$1=C$1.2791 on Monday, down from Friday’s close of US$0.7865 or US$1=C$1.2714. The BoC and the federal government announced on Monday the central bank will keep its two per cent […] Read more

WINNIPEG– The Canadian dollar was weaker Monday morning as losses in crude oil weighed on the currency and investors awaited a policy announcement from the United States Federal Reserve later in the week. As of 8:34 a.m. CST, the loonie was at US$0.7828 or US$1=C$1.2775, compared to Friday’s close of US$0.7865 or US$1=C$1.2714. The U.S. […] Read more

By MarketsFarm WINNIPEG, Dec. 10 (MarketsFarm) – The Canadian dollar was weaker on Friday, as currency markets reacted to inflation data out of the United States. The Canadian dollar closed at US$0.7865 or US$1=C$1.2714 on Friday, which compares with Thursday’s North American close of US$0.7874 or US$1=C$1.2700. Consumer prices in the United States were up […] Read more

By MarketsFarm WINNIPEG, Dec. 10 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, seeing some consolidation to end the week. At 8:49 a.m. CST Friday morning the Canadian dollar was at US$0.7853 or US$1=C$1.2734 which compares with Thursday’s close of US$0.7874 or US$1=C$1.2700. Consumer prices in the United States were up by 6.8 […] Read more

By MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was weaker on Thursday, amid renewed uncertainty in the global financial markets over the Omicron COVID-19 variant and its potential influence on the world economy. The Canadian dollar closed at US$0.7874 or US$1=C$1.2700 on Thursday, which compares with Wednesday’s North American close of US$0.7910 or […] Read more

By MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was softer Thursday morning, a day after the Bank of Canada left its key overnight rate unchanged at 0.25 per cent and maintained guidance calling for interest rate increases in the ‘middle quarters of 2022.’ At 8:46 a.m. CST Thursday morning the Canadian dollar was […] Read more

By MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar was firmer on Wednesday, but well off its session highs as the Bank of Canada’s latest interest rate decision was not as hawkish as some participants had expected. The Canadian dollar closed at US$0.7910 or US$1=C$1.2642 on Wednesday, which compares with Tuesday’s North American close […] Read more

By MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, trading near three-week highs as currency traders await the Bank of Canada’s latest monetary policy announcement. At 8:40 a.m. CST Wednesday morning the Canadian dollar was at US$0.7927 or US$1=C$1.2615 which compares with Tuesday’s close of US$0.7899 or US$1=C$1.2660. The Bank […] Read more

By MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, seeing a continuation of Monday’s gains. Easing fears over the Omicron COVID-19 variant were said to be leading to an increased appetite for risk in the financial markets. At 8:43 a.m. CST Tuesday morning the Canadian dollar was at US$0.7890 or […] Read more

By MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – The Canadian dollar was stronger on Monday, as gains in crude oil underpinned the energy-linked currency. The Canadian dollar closed at US$0.7825 or US$1=C$1.2780 on Monday, which compares with Friday’s North American close of US$0.7805 or US$1=C$1.2812. West Texas Intermediate crude oil was up by 5.52 per cent, […] Read more