Currency Markets

By MarketsFarm WINNIPEG, Oct. 6 (MarketsFarm) – The Canadian dollar was slightly softer Wednesday morning, seeing a modest profit-taking correction after hitting its highest levels relative to its United States counterpart in four weeks on Tuesday. Weakness in crude oil put some pressure on the energy-linked currency as well. At 8:50 a.m. CDT Wednesday morning, […] Read more

By MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing some consolidation after Monday’s strength. The Canadian dollar settled at US$0.7952 or US$1=C$1.2575 on Monday, which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583. Canada’s international trade surplus widened to C$1.94 billion in August, according to a […] Read more

By MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was firmer Tuesday morning, as continued strength in crude oil underpinned the energy-linked currency. At 9:30 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7955 or US$1=C$1.2571 which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583. Canada’s international trade surplus widened to […] Read more

By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The Canadian dollar was stronger on Monday, boosted by crude oil and broad weakness in the United States dollar internationally. The Canadian dollar settled at US$0.7947 or US$1=C$1.2583 on Monday, which compares with Friday’s North American close of US$0.7903 or US$1=C$1.2654. Crude oil rallied on Monday on news […] Read more

By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The Canadian dollar was stronger Monday morning, boosted by gains in crude oil. At 9:04 a.m. CDT Monday morning, the Canadian dollar was at US$0.7947 or US$1=C$1.2689 which compares with Friday’s North American close of US$0.7903 or US$1=C$1.2654. In domestic data, the total value of building permits issued […] Read more

WINNIPEG – The Canadian dollar closed the week on a high note as a series of good economic news in the United States lifted markets. The loonie was at US$0.7903 or US$1=C$1.2654 on Friday, up from Thursday’s price at 3:30 p.m. CDT of US$0.7891 or US$1=C$1.2673. The Bank of Canada did not provide an official […] Read more

WINNIPEG – The Canadian dollar held steady on Friday, while crude oil was mixed despite the potential for supply increases. As of 8:41 a.m. CDT, the loonie was at US$0.7890 or US$1=C$1.2674, compared to US$0.7891 or US$1=C$1.2673 at 3:32 p.m. CDT on Thursday. The Bank of Canada did not post its end-of-day exchange rate on […] Read more

WINNIPEG – The Canadian dollar moved upwards on Thursday as the stock markets tumbled and crude oil went in opposite directions. The loonie was at US$0.7891 or US$1=C$1.2673 on Thursday as of 3:32 p.m. CDT, up from Wednesday’s close of US$0.7849 or US$1=C$1.2741. The Bank of Canada did not provide an official closing price, with […] Read more

WINNIPEG – The Canadian dollar was slightly higher on Thursday despite crude oil continuing to decline. As of 8:36 a.m. CDT, the loonie was at US$0.7858 or US$1=C$1.2726, compared to US$0.7849 or US$1=C$1.2741 when markets closed on Wednesday. Despite increasing demand, crude oil posted losses on Thursday morning. Brent crude oil dipped US$0.79 per barrel […] Read more

WINNIPEG – The Canadian dollar remained in a downturn on Wednesday as the United States dollar strengthened and crude oil prices declined. The loonie was at US$0.7849 or US$1=C$1.2741 on Wednesday, down from Tuesday’s close of US$0.7886 or US$1=C$1.2680. The U.S. Dollar Index was up 0.63 of a point at 94.40. For the most part, […] Read more