Currency Markets

WINNIPEG – The Canadian dollar moved slightly upward on Wednesday morning. As of 8:38 a.m. CDT, the loonie was at US$0.8143 or US$1=C$1.2280 compared to US$0.8120 or US$1=C$1.2315 when markets closed on Tuesday. Benchmark oil prices maintained their climb as U.S. stockpiles fall and demand starts to increase in Europe. Brent crude moved up by […] Read more

WINNIPEG – The Canadian dollar dipped on Tuesday, but still remained above 81 cents U.S. The loonie was at US$0.8120 or US$1=C$1.2315 on Tuesday, down from Monday’s close at US$0.8144 or US$1=C$1.2279. Meanwhile, the United States Dollar Index reversed yesterday’s losses, increasing by 0.31 at 91.25 points. Statistics Canada reported earlier today that Canada had […] Read more

WINNIPEG – The Canadian dollar fell slightly on Tuesday morning, but remained above 81 cents U.S. As of 8:35 a.m. CDT, the loonie was at US$0.8121 or US$1=C$1.2314 compared to US$0.8144 or US$1=C$1.2279 when markets closed on Monday. Benchmark oil prices continued to rise as the potential for an economic rebound is outweighing demand concerns […] Read more

WINNIPEG – The Canadian dollar remained steady on Monday, maintaining its highest level since 2018. The loonie was at US$0.8144 or US$1=C$1.2279 on Monday, up from Friday’s close at US$0.8140 or US$1=C$1.2285. Meanwhile, the United States Dollar Index dropped by 0.31 at 90.97 points. Data from the IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) […] Read more

WINNIPEG – The Canadian dollar stayed fairly steady on Monday morning amidst economic optimism from the Bank of Canada and news that the country’s manufacturing activity increased for the 10th straight month in April. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) was at 57.2 in April, its third-highest rating since the index was […] Read more

WINNIPEG – The Canadian dollar stayed steady on Friday, ending a week where it reached its highest point in three years. The loonie was at US$0.8140 or US$1=C$1.2285 on Friday, up from Thursday’s close at US$0.8135 or US$1=C$1.2292. Meanwhile, the United States Dollar Index rose by 0.67 at 91.28 points. Benchmark crude oil prices fell […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was slightly higher on Friday morning, after Statistics Canada announced the country’s gross domestic product rose for an 10th consecutive month. As of 8:31 CDT, the Canadian dollar was at US$0.8147 or C$1.2274 compared to Thursday’s close of US$0.8135 or C$1.2292. Statistics […] Read more

WINNIPEG – The Canadian dollar reached another level on Thursday, lifted by increased confidence from the Bank of Canada for a strong economic recovery. The loonie was at US$0.8135 or US$1=C$1.2292 on Thursday, its highest close in three years, up from Wednesday’s close at US$0.8093 or US$1=C$1.2357. Meanwhile, the United States Dollar Index stayed steady […] Read more

WINNIPEG – The Canadian dollar had crossed another threshold before settling below it on Wednesday amidst rising retail sales and as the House of Commons will debate back-to-work legislation for striking workers at the Port of Montreal later tonight. Despite trading above US$0.81 at one point, the loonie closed at US$0.8093 or US$1=C$1.2357 on Wednesday, […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning, bolstered by the latest Statistics Canada report on retail sales plus gains in crude oil prices. However, a slightly higher United States dollar weighed on the loonie. As of 8:38 CDT, the Canadian dollar was at […] Read more