Currency Markets

WINNIPEG – The Canadian dollar has risen to its highest point against the United States dollar since May 2015. As of 8:34 a.m. CDT, the loonie was at US$0.8283 or US$1=C$1.2073 compared to US$0.8267 or US$1=C$1.2096 when markets closed on Tuesday. The Canadian dollar’s rise is attributed to higher commodity prices and a weakening U.S. […] Read more

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar was steady at Tuesday’s close, holding near the three-and-a-half year highs. The Canadian dollar closed at US$0.8267 or US$1=C$1.2096 on Monday, which was up from Monday’s North American close US$0.8268 or US$1=C$1.2095. Strength in global commodity markets, including fresh highs in copper, contributed to the […] Read more

WINNIPEG – The Canadian dollar took a step back on Tuesday morning after reaching a three-and-a-half-year high on Monday. As of 8:45 a.m. CDT, the loonie was at US$0.8257 or US$1=C$1.2111 compared to US$0.8268 or US$1=C$1.2095 when markets closed on Monday. The Canadian dollar’s recent rise was attributed to higher commodity prices and a weakening […] Read more

By MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was stronger on Monday, hitting fresh three-and-a-half year highs relative to its United States counterpart. The Canadian dollar closed at US$0.8268 or US$1=C$1.2095 on Monday, which was up from Friday’s North American close US$0.8226 or US$1=C$1.2156. General weakness in the U.S. dollar internationally accounted for […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, reaching its highest levels since 2015 due to a weaker United States dollar. As of 8:39 CDT, the Canadian dollar was at US$0.8263 or C$1.2102 compared to Friday’s close of US$0.8226 or C$1.2156. On the United States […] Read more

WINNIPEG – As the TSX climbed new peaks on Friday, the Canadian dollar closed above a level not seen in more than three years. The loonie was at US$0.8226 or US$1=C$1.2156 on Friday, up from Thursday’s close at US$0.8197 or US$1=C$1.2200, due to rising commodity prices and a weakened U.S. dollar. Yet, Canada lost more […] Read more

WINNIPEG – The Canadian dollar surpassed the 82 cents U.S. mark on Friday morning despite underwhelming economic data on both sides of the border. As of 8:37 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8197 or US$1=C$1.2200 when markets closed on Thursday. Statistics Canada reported earlier today that Canada lost 207,000 […] Read more

WINNIPEG – The Canadian dollar continued its ascent on Thursday. The loonie was at US$0.8197 or US$1=C$1.2200 on Thursday, up from Wednesday’s close at US$0.8149 or US$1=C$1.2272. Meanwhile, the United States Dollar Index dropped by 0.40 at 90.91 points. This despite the U.S. Labor Department reporting 498,000 jobless claims for the week ending May 1, […] Read more

WINNIPEG – The Canadian dollar continued to rise on Thursday morning after closing at its highest point since September 2017 yesterday. As of 8:38 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8149 or US$1=C$1.2272 when markets closed on Wednesday. Benchmark oil prices remained mostly steady. Brent crude declined by US$0.09 per […] Read more

WINNIPEG, May 5 (MarketsFarm) – The Canadian dollar closed at its highest level since September 2017 on Wednesday. The loonie was at US$0.8149 or US$1=C$1.2272 on Wednesday, up from Tuesday’s close at US$0.8120 or US$1=C$1.2315. It benefitted from improved investor sentiment and the Bank of Canada’s willingness to raise key interest rates sooner than its […] Read more