Currency Markets

WINNIPEG – The Canadian dollar stayed steady on Monday morning amidst news Bank of Montreal (BMO) is selling its EMEA asset management business to Ameriprise Financial for C$1.1 billion. As of 8:39 a.m. CDT, the loonie was at US$0.7972 or US$1=C$1.2544, compared to US$0.7971 or US$1=C$1.2545 when markets closed on Friday. Benchmark oil prices were […] Read more

WINNIPEG – The Canadian dollar ended the week on a high note after Statistics Canada revealed Friday morning the country added more than 300,000 jobs in March, tripling pre-report estimates. The loonie was at US$0.7972 or US$1=C$1.2544 on Friday, up from Thursday’s close at US$0.7950 or US$1=C$1.2579. After a week of losses on the United […] Read more

WINNIPEG – The Canadian dollar slightly increased on Friday morning after Statistics Canada released data showing that the country added more than 300,000 jobs in March and its unemployment rate was lowered to 7.5 per cent. As of 8:39 a.m. CDT, the loonie was at US$0.7967 or US$1=C$1.2552, compared to US$0.7950 or US$1=C$1.2579 when markets […] Read more

WINNIPEG – The Canadian dollar regained yesterday’s losses after the United States experienced an unexpected rise in weekly unemployment claims. The loonie was at US$0.7950 or US$1=C$1.2579 on Thursday, down from Wednesday’s close at US$0.7926 or US$1=C$1.2617. On the United States Dollar Index, the greenback lost 0.38 points to 92.07. Benchmark crude oil prices were […] Read more

WINNIPEG, April 8 (MarketsFarm) – The Canadian dollar slightly increased on Thursday morning mainly due to a weakened United States dollar. As of 8:34 a.m. CDT, the loonie was at US$0.7938 or US$1=C$1.2598, compared to US$0.7927 or US$1=C$1.2615 when markets closed on Wednesday. Benchmark oil prices were down on Thursday as demand weakened in India […] Read more

WINNIPEG – The Canadian dollar sunk on Wednesday, after Statistics Canada revealed that Canada’s trade surplus narrowed to C$1 billion in March and Ontario announced a new stay-at-home order to combat a third wave of COVID-19. The loonie was at US$0.7926 or US$1=C$1.2617 on Wednesday, down from Tuesday’s close at US$0.7962 or US$1=C$1.2559. On the […] Read more

WINNIPEG – The Canadian dollar fell on Wednesday morning amidst a third wave of COVID-19 and after Statistics Canada released data showing that Canada’s trade surplus narrowed to C$1 billion in February. As of 8:38 a.m. CDT, the loonie was at US$0.7927 or US$1=C$1.2615, compared to US$0.7962 or US$1=C$1.2559 when markets closed on Tuesday. Benchmark […] Read more

WINNIPEG – The Canadian dollar stumbled on Tuesday, despite a weakened United States dollar, due to increasing concern over COVID-19. The loonie was at US$0.7962 or US$1=C$1.2559 on Tuesday, pulling back from Monday’s close at US$0.7984 or US$1=C$1.2525. On the U.S. Dollar Index, the greenback fell 0.30 points to 92.30 points. Benchmark crude oil prices […] Read more

WINNIPEG – The Canadian dollar slightly dropped on Tuesday morning despite rising oil prices and a weaker United States dollar. As of 8:38 a.m. CDT, the loonie was at US$0.7967 or US$1=C$1.2552, compared to US$0.7984 or US$1=C$1.2525 when markets closed on Monday. Benchmark oil prices rebounded on Tuesday after the International Monetary Fund delivered bullish […] Read more

WINNIPEG, April 5 (MarketsFarm) – The Canadian dollar rose on Monday due to a weakened United States dollar amidst record-high closes on the North American stock markets. The loonie was at US$0.7984 or US$1=C$1.2525 on Monday, which was up from Thursday’s close at US$0.7959 or US$1=C$1.2565. On the U.S. Dollar Index, the greenback fell 0.42 […] Read more