Currency Markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar slipped back on Wednesday, as a sell-off in the stock markets and a hefty drop in crude oil prices weighed on values. The loonie finished at US$0.8264 or US$1=C$1.2100, compared to Tuesday’s close of US$0.8298 or US$1=C$1.2051. Adding to the pressure on […] Read more

By MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as losses in crude oil weighed on the energy-linked currency. At 8:57 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8273 or US$1=C$1.2088 which compares with Tuesday’s North American close of US$0.8298 or US$1=C$1.2051. Canada’s Consumer Price Index was up […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 18 (MarketsFarm) – After pushing well above 83 United States cents, the Canadian dollar settled back just under the mark on Tuesday. The increase of just over two-tenths of cent to hit a six-year high was largely due to the decline of the U.S. dollar. The loonie finished […] Read more

By MarketsFarm WINNIPEG, May 18 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, amid broad weakness for the United States dollar internationally. At 8:50 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.8304 or US$1=C$1.2042 which compares with Friday’s North American close of US$0.8277 or US$1=C$1.2081. Recent strength in crude oil was also […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar increased in value on Monday, as the United States dollar continued to struggle. The loonie finished at US$0.8277 or US$1=C$1.2081, compared to Friday’s close of US$0.8258 or US$1=C$1.2109. On the U.S. Dollar Index, the greenback slipped back 0.148 at 90.175 points. The […] Read more

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar was firmer Monday morning, as gains in crude oil provided some support. The strength in the currency came despite signs that Canada’s housing market was cooling down. At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8268 or US$1=C$1.2095 which compares with Friday’s […] Read more

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar was stronger on Friday, underpinned by gains in crude oil and solid domestic economic data. The Canadian dollar closed at US$0.8258 or US$1=C$1.2109 on Friday, which compares with Thursday’s North American close of US$0.8230 or US$1=C$1.2150. Canadian factory sales were up by 3.5 per cent […] Read more

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from its recently-hit three-year highs. The Canadian dollar closed at US$0.8230 or US$1=C$1.2150 on Thursday, which compares with Wednesday’s North American close of US$0.8267 or US$1=C$1.2096. Comments from Bank of Canada Governor Tiff Macklem contributed to the softer tone in […] Read more

WINNIPEG – The Canadian dollar is encountering resistance as it gets closer to the 83 cents U.S. mark on Thursday. As of 8:46 a.m. CDT, the loonie was at US$0.8234 or US$1=C$1.2144 compared to US$0.8267 or US$1=C$1.2096 when markets closed on Wednesday. The Canadian dollar’s recent rise was attributed to higher commodity prices and a […] Read more

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar hit its strongest levels in six years relative to its United States counterpart on Wednesday, but ran into resistance to settle unchanged on the day. The Canadian dollar closed at US$0.8267 or US$1=C$1.2096 on Wednesday, which was steady with Tuesday’s North American close. Data out […] Read more