Currency Markets

By MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was firmer Friday morning, as gains in crude oil helped the energy-linked currency recover from recent weakness. At 8:54 a.m. CDT Friday morning, the Canadian dollar was at US$0.7957 or US$1=C$1.2568 which compares with Thursday’s North American close of US$0.7933 or US$1=C$1.2606. The ongoing blockage […] Read more

WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar fell on Thursday as oil prices dropped and after the federal government’s carbon tax was ruled constitutional by the Supreme Court of Canada. The loonie finished at US$0.7933 or US$1=C$1.2606, which is down from US$0.7961 or US$1=C$1.2562 at Wednesday’s close. On the United States Dollar Index, the […] Read more

By MarketsFarm WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil weighed on the currency. At 8:58 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7944 or US$1=C$1.2588 which compares with Wednesday’s North American close of US$0.7961 or US$1=C$1.2562. The number of Canadians receiving regular […] Read more

WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was unchanged on Wednesday despite a sharp increase in oil prices, while Statistics Canada estimated earlier today a one per cent drop in manufacturing sales in February. The loonie finished at US$0.7961 or US$1=C$1.2562, same as Tuesday’s close. On the United States Dollar Index, the greenback increased […] Read more

By MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was slightly weaker Wednesday morning, despite gains in crude oil. At 8:58 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7953 or US$1=C$1.2574 which compares with Tuesday’s North American close of US$0.7961 or US$1=C$1.2562. Canadian manufacturing sales likely dipped by 1.0 per cent in […] Read more

WINNIPEG, March 23 (MarketsFarm) – The Canadian dollar fell on Tuesday due to a decline in oil prices and the Bank of Canada’s decision to phase out crisis liquidity programs and adjust quantitative easing programs. The federal government also announced today it will table its first budget since 2019 on April 19. The loonie finished […] Read more

By MarketsFarm WINNIPEG, March 23 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as losses in crude oil weighed on the energy-linked currency. At 8:40 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7953 or US$1=C$1.2574 which compares with Monday’s North American close of US$0.7992 or US$1=C$1.2513. New pandemic lockdowns in Europe and […] Read more

WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar held mostly steady on Monday, but still remained slightly below the US$0.80 mark. The loonie finished at US$0.7992 or US$1=C$1.2513, compared to Friday’s close of US$0.7996 or US$1=C$1.2506. On the U.S. Dollar Index, the greenback dropped by 0.13 at 91.79 points. Benchmark crude oil prices were mixed […] Read more

By MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar holding relatively steady Monday morning, seeing some consolidation to start the week. At 8:55 a.m. CDT Monday morning the Canadian dollar was at US$0.7999 or US$1=C$1.2502 which compares with Friday’s North American close of US$0.7996 or US$1=C$1.2506. Bank of Canada Deputy Governor Toni Gravelle is […] Read more

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar was weaker on Friday, dipping below 80 U.S. cents as the currency remained pressured by Thursday’s sharp declines in crude oil. The Canadian dollar closed at US$0.7996 or US$1=C$1.2506 on Friday, which compares with Thursday’s North American close US$0.8027 or US$1=C$1.2458. Canadian retail sales were […] Read more