Currency Markets

WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar nearly climbed to the US$0.80 mark on Thursday due to a jump in oil prices and a weakening U.S. dollar. The loonie finished at US$0.7961 or US$1=C$1.2561, compared to Wednesday’s close of US$0.7913 or US$1=C$1.2637. On the U.S. Dollar Index, the greenback fell by 0.45 at 91.370 […] Read more

WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar jumped on Thursday morning as oil prices and stocks continue to rise ahead of Statistics Canada’s February employment numbers to be released on Friday. As of 8:35 a.m. CST, the Canadian dollar was at US$0.7942 or US$1=C$1.2591, compared to US$0.7913 or US$1=C$1.2637 when markets closed on Wednesday. […] Read more

WINNIPEG, March 10 (MarketsFarm) – The Canadian dollar remained steady against the United States dollar on Wednesday after The Bank of Canada announced it will hold its overnight rate at 0.25 per cent and United States President Joe Biden signed a US$1.9 trillion COVID-19 financial relief package. The loonie finished at US$0.7913 or US$1=C$1.2637, compared […] Read more

WINNIPEG, March 10 (MarketsFarm) – The Canadian dollar stayed steady on Wednesday morning while investors waited for the latest interest rate decision from the Bank of Canada due later in the day. The Bank is generally expected to be holding its key overnight rate steady at 0.25 per cent. As of 8:33 a.m. CST, the […] Read more

WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar slightly gained against the United States dollar on Tuesday as stocks rose due to a fall in U.S. Treasury bond yields easing inflation worries, as well as a rosy economic outlook from the Organization of Economic Cooperation and Development (OECD). The loonie finished at US$0.7915 or US$1=C$1.2635, […] Read more

WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar held its value on Tuesday morning while both stocks and gold saw prices move upwards. As of 8:12 a.m. CST, the Canadian dollar was at US$0.7921 or US$1=C$1.2621, compared to US$0.7899 or US$1=C$1.2660 when markets closed on Monday. Most benchmark oil prices held relatively steady on Tuesday […] Read more

WINNIPEG, March 8 (MarketsFarm) – The Canadian dollar remained steady against the United States dollar on Monday despite the latter reaching a three-month high due to a continuing increase in U.S. Treasury bond yields. The loonie finished at US$0.7899 or US$1=C$1.2660, compared to Thursday’s close of US$0.7894 or US$1=C$1.2668. On the U.S. Dollar Index, the […] Read more

WINNIPEG, March 8 (MarketsFarm) – The Canadian dollar stayed steady on Monday morning following a mixed start to the markets after the United States Senate passed the US$1.9 trillion relief bill over the weekend. As of 8:22 a.m. CST, the Canadian dollar was at US$0.7894 or US$1=C$1.2668, the same as its closing value on Friday. […] Read more

WINNIPEG, March 5 (MarketsFarm) – The Canadian dollar was slightly lower against the United States dollar on Friday despite rising oil prices, Canada’s first trade surplus (C$1.4 billion) since May 2019 and Health Canada’s approval of the one-dose Johnson & Johnson COVID-19 vaccine. The loonie finished at US$0.7894 or US$1=C$1.2668, compared to Thursday’s close of […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The Canadian dollar was lower Friday morning, as its United States counterpart made gains. Meanwhile, higher crude oil prices helped to temper declines in the loonie. As of 8:38 CST, the Canadian dollar was at US$0.7897 or C$1.2663, compared to Thursday’s close of US$0.7913 or […] Read more