Currency Markets

WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was relatively steady against the United States dollar on Thursday while oil prices rose and stocks went down in the face of surging U.S. Treasury bond yields. The loonie finished at US$0.7913 or US$1=C$1.2637, compared to Monday’s close of US$0.7917 or US$1=C$1.2631. On the U.S. Dollar Index, […] Read more

WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar remained mostly steady against the U.S. dollar on Wednesday as oil prices continued to rise and Statistics Canada reported that building permits in January totalled a record-breaking C$9.9 billion. The loonie finished at US$0.7917 or US$1=C$1.2631, compared to Monday’s close of US$0.7920 or US$1=C$1.2626. On the U.S. […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar was lower Wednesday morning, as its United States counterpart was higher. As of 8:49 CST, the Canadian dollar was at US$0.7902 or C$1.2647, compared to Tuesday’s close of US$0.7920 or C$1.2626. On the U.S. Dollar Index, the greenback was up 0.205 at […] Read more

WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar strengthened against the U.S. dollar on Tuesday after a Statistics Canada report showed that its gross domestic product (GDP) increased 0.5 per cent in January. In 2020, the economy contracted by 5.4 per cent. The loonie finished at US$0.7920 or US$1=C$1.2626, compared to Monday’s close of US$0.7898 […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was higher Tuesday morning, buoyed by good economic news from Statistics Canada and by rising crude oil prices. As of 8:47 CST, the Canadian dollar was at US$0.7907 or C$1.2650, compared to Monday’s close of US$0.7898 or C$1.2661. Statistics Canada issued a […] Read more

WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar saw an increase today as bond yields jumped, a new COVID-19 vaccine may be authorized in weeks, and a Statistics Canada report showed that Canada’s account deficit was C$7.3 billion in the fourth quarter of 2020, compared to C$10.5 billion in the third quarter. The loonie finished […] Read more

Compiled by MarketsFarm WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar was slightly higher Monday morning, due to gains in the futures market. As of 8:48 CST, the Canadian dollar was at US$0.7900 or C$1.2659, compared to Friday’s close of US$0.7883 or C$1.2685. At the opening the TSX/S&P Composite Index jumped 223.42 points at 18,283.68. […] Read more

Posted by Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar plummeted by nearly a full cent on Friday, as investor sentiment waned on this week’s spike in bond yields. The loonie finished at US$0.7883 or US$1=C$1.2685, compared to Thursday’s close of US$0.7981 or US$1=C$1.2530. Benchmark crude oil prices were lower on Thursday, […] Read more

By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar was sharply weaker Friday morning, pressured by a move away from riskier assets in the global financial markets. At 9:04 CST Friday morning the Canadian dollar was at US$0.7906 or US$1=C$1.2649 which compares with Thursday’s North American close of US$0.7981 or US$1=C$1.2530. Increases in United […] Read more

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar closed a little higher on Thursday, after pushing above 80 U.S. cents before settling back. The loonie finished at US$0.7981 or US$1=C$1.2530, compared to Wednesday’s close of US$0.7969 or US$1=C$1.2548. The surge in the Canadian dollar was curtailed by increased bond yields. In following United […] Read more