Currency Markets

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

WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar has fallen back below the US$0.80 mark on Friday as the stock market suffers early losses and oil prices become mixed. As of 8:55 a.m. CDT, the loonie was at US$0.7980 or US$1=C$1.2531, compared to US$0.8027 or US$1=C$1.2458 when markets closed on Thursday. Some benchmark oil prices […] Read more

By MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar backed away from three-year highs hit in early activity to settle relatively steady on Thursday. The Canadian dollar closed at US$0.8027 or US$1=C$1.2458 on Thursday, which compares with Wednesday’s North American close US$0.8022 or US$1=C$1.2465. The currency had traded above 80.6 U.S. cents at one […] Read more

WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar rose slightly on Thursday morning despite oil prices continuing to fall and Statistics Canada reporting a loss of 100,800 jobs in February. As of 8:57 a.m. CDT, the loonie was at US$0.8032 or US$1=C$1.2449, compared to US$0.8022 or US$1=C$1.2465 when markets closed on Wednesday. Benchmark oil prices […] Read more

WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was firm on Wednesday, as currency markets reacted to the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar was trading at US$0.8022 or US$1=C$1.2466 late Wednesday, which compares with Tuesday’s North American close US$0.8029 or US$1=C$1.2454. The currency had hit a three-year […] Read more

By MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting its strongest levels in three years relative to its United States counterpart. Positioning in the currency markets ahead of an upcoming U.S. Federal Reserve interest rate decision accounted for some of the activity. The Canadian dollar was trading at US$0.8035 […] Read more

By MarketsFarm WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar was slightly firmer on Monday, holding above the 80 U.S. cents level as Friday’s better-than-expected jobs data remained supportive. The Canadian dollar closed at US$0.8013 or US$1=C$1.2480, which compares with Friday’s North American close US$0.8004 or US$1=C$1.2493. Improving economic data out of China helped underpin […] Read more

WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar remained relatively steady on Monday morning, three days after it closed above US$0.80 for the first time since February 2018. As of 8:37 a.m. CDT, the Canadian dollar was at US$0.8014 or US$1=C$1.2479, compared to US$0.8004 or US$1=C$1.2493 when markets closed on Friday. Benchmark oil prices edged […] Read more

WINNIPEG, March 12 (MarketsFarm) – For the first time since February 2018, the Canadian dollar closed the day above the US$0.80 mark on Friday after Statistics Canada reported better-than-expected employment data, as well as a record amount of mortgage debt. The unemployment rate fell to 8.2 per cent in February from 9.4 per cent in […] Read more

WINNIPEG, March 12 (MarketsFarm) – The Canadian dollar rose on Friday morning after Statistics Canada announced that the country added 259,000 jobs and the unemployment rate fell to 8.2 per cent, the lowest rate since the beginning of the pandemic. As of 8:35 a.m. CST, the Canadian dollar was at US$0.7978 or US$1=C$1.2538, compared to […] Read more