Currency Markets

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

WINNIPEG – The Canadian dollar was encountering resistance to the 83-cent United States mark on Thursday morning. As of 8:41 a.m. CDT, the loonie was at US$0.8264 or US$1=C$1.2101 compared to US$0.8297 or US$1=C$1.2052 when markets closed on Wednesday. Crude oil kept rising on Thursday. Brent crude increased US$0.29 per barrel to US$71.64. West Texas […] Read more

WINNIPEG – After the Canadian dollar closed above 83 United States cents on Tuesday for the first time since May 2015, it slipped below the mark on Wednesday. The loonie was at US$0.8297 or US$1=C$1.2052 on Tuesday, down from Tuesday’s close at US$0.8306 or US$1=C$1.2040. Meanwhile, the United States Dollar Index increased 0.08 to 89.91 […] Read more

WINNIPEG – The Canadian dollar has settled back down on Wednesday morning since surpassing the 83-cent United States mark yesterday. As of 8:43 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 compared to US$0.8306 or US$1=C$1.2040 when markets closed on Tuesday. Crude oil continues to rally on Wednesday after OPEC+ forecast a tightening market […] Read more

WINNIPEG – The Canadian dollar closed above 83 United States cents on Tuesday for the first time since May 2015 after news that the economy grew during the fiscal first quarter of 2021. The loonie was at US$0.8306 or US$1=C$1.2040 on Tuesday, up from Monday’s close at US$0.8284 or US$1=C$1.2072. Meanwhile, the United States Dollar […] Read more

WINNIPEG – The Canadian dollar is surpassing the 83-cent United States mark after the release of economic data from Statistics Canada. As of 8:42 a.m. CDT, the loonie was at US$0.8319 or US$1=C$1.2021 compared to US$0.8284 or US$1=C$1.2072 when markets closed on Monday. Statistics Canada reported on Tuesday the economy grew at an annual rate […] Read more

WINNIPEG – The Canadian dollar slightly increased on Monday on the heels of good economic data from Statistics Canada. The loonie was at US$0.8284 or US$1=C$1.2072 on Monday, up from Friday’s close at US$0.8274 or US$1=C$1.2086. Meanwhile, the United States Dollar Index declined by 0.18 points to 89.85 as markets in the U.S. were closed […] Read more

WINNIPEG – The Canadian dollar is staying mostly steady as it approaches the 83-cent United States mark. As of 8:41 a.m. CDT, the loonie was at US$0.8277 or US$1=C$1.2082 compared to US$0.8274 or US$1=C$1.2086 when markets closed on Friday. The Organization for Economic Co-operation and Development (OECD) improved its outlook for the Canadian economy on […] Read more

WINNIPEG – The Canadian dollar remained mostly steady on Friday, but ended its longest string of weekly gains since 2016. The loonie was at US$0.8274 or US$1=C$1.2086 on Friday, down from Thursday’s close at US$0.8283 or US$1=C$1.2073. Meanwhile, the United States Dollar Index increased by 0.08 points to 90.05. Consumer prices in the U.S. increased […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 28 (MarketsFarm) – In a display of volatility, the Canadian dollar was lower on Friday morning, pulling back after a strong close yesterday. As of 8:34 CDT, the Canadian dollar was at US$0.8265 or C$1.2096 compared to Thursday’s close of US$0.8283 or C$1.2073. On the United States Dollar […] Read more