Currency Markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as the United States dollar gained ground and crude oil prices slipped back. The loonie closed at US$0.7923 or US$1=C$1.2621, compared to Friday’s close of US$0.7988 or US$1=C$1.2518. The decline also came the day before the Bank of […] Read more

WINNIPEG – The Canadian dollar came out of the Labour Day weekend lower on Tuesday as investors prepare for the latest key interest rate decision by the Bank of Canada tomorrow. As of 8:42 a.m. CDT, the loonie was at US$0.7947 or US$1=C$1.2583, compared to US$0.7988 or US$1=C$1.2518 when markets closed on Friday. Crude oil […] Read more

WINNIPEG – The Canadian dollar found itself closer to the 80 cent United States mark on Friday due to an underwhelming U.S. jobs report. The loonie was at US$0.7988 or US$1=C$1.2518 on Friday, compared to Thursday’s close at US$0.7954 or US$1=C$1.2573. The U.S. Labor Department reported only 235,000 new jobs in August compared to 1.05 […] Read more

WINNIPEG – The Canadian dollar experienced another morning of gains on Friday due to a weakening United States dollar and an underwhelming jobs report from the U.S. Labor Department. Nonfarm payrolls only increased by 235,000 jobs in August, compared to a gain of 1.05 million in July. As of 8:40 a.m. CDT, the loonie was […] Read more

WINNIPEG – The Canadian dollar bounced back on Thursday on the strength of a weakening United States dollar and higher crude oil prices. The loonie was at US$0.7954 or US$1=C$1.2573 on Thursday, compared to Wednesday’s close at US$0.7932 or US$1=C$1.2607. The United States Dollar Index was down 0.22 of a point at 92.23. Benchmark crude […] Read more

WINNIPEG – The Canadian dollar held mostly steady on Thursday morning. As of 8:35 a.m. CDT, the loonie was at US$0.7935 or US$1=C$1.2602, compared to US$0.7932 or US$1=C$1.2607 when markets closed on Wednesday. Crude oil was higher on Thursday as refineries along the coast of the Gulf of Mexico continue to recover from Hurricane Ida. […] Read more

WINNIPEG – The Canadian dollar inched upwards on Wednesday. The loonie was at US$0.7932 or US$1=C$1.2607 on Wednesday, compared to Tuesday’s close at US$0.7926 or US$1=C$1.2617. The United States Dollar Index was down 0.11 of a point at 92.52. Benchmark crude oil prices were mostly down on Wednesday as OPEC+ and its partners agreed to […] Read more

WINNIPEG, Sept. 1 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning. As of 8:36 a.m. CDT, the loonie was at US$0.7938 or US$1=C$1.2598, compared to US$0.7926 or US$1=C$1.2617 when markets closed on Tuesday. On the same day OPEC+ and its allies are set to meet to discuss the global market, crude oil was […] Read more

WINNIPEG – The Canadian dollar dipped on Tuesday after surprising economic news from Statistics Canada. The loonie was at US$0.7926 or US$1=C$1.2617 on Tuesday, compared to Monday’s close at US$0.7935 or US$1=C$1.2603. Earlier today, Statistics Canada reported a 1.1 per cent decline in the economy during the second quarter despite analysts predicting a rise. It […] Read more

WINNIPEG – The Canadian dollar slightly slipped on Tuesday after the release of underwhelming economic data from Statistics Canada. As of 8:36 a.m. CDT, the loonie was at US$0.7929 or US$1=C$1.2612, compared to US$0.7935 or US$1=C$1.2603 when markets closed on Monday. Statistics Canada reported on Tuesday the economy contracted by 1.1 per cent in the […] Read more