Currency Markets

WINNIPEG – The Canadian dollar went down on Thursday amid rising consumer prices in the United States. As of 8:38 a.m. CDT, the loonie was at US$0.8260 or US$1=C$1.2107 on Thursday, compared to US$0.8268 or US$1=C$1.2095 when markets closed on Wednesday. The U.S. Labor Department reported today that the country’s consumer price index (CPI) increased […] Read more

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, seeing little reaction as the Bank of Canada left its key overnight interest rate unchanged at 0.25 per cent. In the accompanying statement, the Bank said it expected increasing vaccination rates in the country would help the economy “rebound strongly.” The […] Read more

WINNIPEG – The Canadian dollar increased on Wednesday just before the Bank of Canada (BoC) announces later today if it will raise key interest rates. As of 8:45 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 on Wednesday, compared to US$0.8267 or US$1=C$1.2097 when markets closed on Tuesday. Many analysts believe BoC will keep […] Read more

By MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as investors adjusted positions ahead of the Bank of Canada’s next interest rate decision on Wednesday. The Canadian dollar closed at US$0.8267 or US$1=C$1.2097 on Tuesday, which compares with Monday’s North American close of US$0.8283 or US$1=C$1.2073. In domestic data, […] Read more

WINNIPEG – The Canadian dollar moved downward on Tuesday after a report showed an increase in Canada’s consumer debt. As of 8:38 a.m. CDT, the loonie was at US$0.8268 or US$1=C$1.2095 on Tuesday, compared to US$0.8283 or US$1=C$1.2073 when markets closed on Monday. Earlier today, consumer credit reporting firm Equifax reported that Canadian consumer debt […] Read more

By MarketsFarm WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was slightly firmer on Monday, holding within a narrow range as investors adjusted positions ahead of the Bank of Canada’s latest interest rate decision on Wednesday. The Canadian dollar closed at US$0.8283 or US$1=C$1.2073 on Monday, which compares with Friday’s North American close of US$0.8275 […] Read more

WINNIPEG – The Canadian dollar was virtually unchanged as the markets opened up on Monday. As of 8:40 a.m. CDT, the loonie was at US$0.8273 or US$1=C$1.2085 compared to US$0.8275 or US$1=C$1.2084 when markets closed on Friday. Crude oil was mixed on Monday as demand expectations were eased due to COVID-19 outbreaks in Asia. Brent […] Read more

WINNIPEG – The Canadian dollar rebounded on Friday despite unflattering employment numbers released today from Statistics Canada. The loonie was at US$0.8275 or US$1=C$1.2084 on Friday, up from Thursday’s close at US$0.8262 or US$1=C$1.2103. Meanwhile, the United States Dollar Index dropped 0.40 points to 90.11. Statistics Canada reported 68,000 lost jobs in the month of […] Read more

WINNIPEG – Despite a report from Statistics Canada that the Canadian economy lost 68,000 jobs in May, the Canadian dollar seemed to be unaffected by the news while the United States dollar retreated. As of 8:41 a.m. CDT, the loonie was at US$0.8281 or US$1=C$1.2076 compared to US$0.8262 or US$1=C$1.2103 when markets closed on Thursday. […] Read more

WINNIPEG – The Canadian dollar fell further below 83 United States cents on Thursday for its biggest one-day drop in six weeks due to promising economic data from the U.S. The loonie was at US$0.8262 or US$1=C$1.2103 on Thursday, down from Wednesday’s close at US$0.8297 or US$1=C$1.2052. Meanwhile, the United States Dollar Index jumped 0.57 […] Read more