Currency Markets

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, moving above 80 U.S. cents for the first time in three years. At 9:05 CST Thursday morning the Canadian dollar was at US$0.8011 or US$1=C$1.2483 which compares with Wednesday’s North American close of US$0.7969 or US$1=C$1.2548. Broad weakness in the United […] Read more

By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar hit a three-year high on Wednesday, as the oil currency tried to catch up with rising crude prices. The loonie finished at US$0.7969 or US$1=C$1.2548, compared to Tuesday’s close of US$0.7935 or US$1=C$1.2603. Reuters reported that Western Canadian Select (WCS) has increased by 30 per […] Read more

By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, hitting fresh three-year highs relative to its United States counterpart as gains in crude oil provided some support. At 8:50 CST Wednesday morning the Canadian dollar was at US$0.7946 or US$1=C$1.2585 which compares with Tuesday’s North American close of US$0.7935 or […] Read more

By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar budged a little higher on Tuesday, as domestic crude oil prices were stronger. The loonie finished at US$0.7935 or US$1=C$1.2603, compared to Monday’s close of US$0.7928 or US$1=C$1.2613. Benchmark crude oil prices were mixed on Tuesday, with support coming from delays in getting United States […] Read more

By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, as investors await a speech from Bank of Canada Governor Tiff Macklem later in the day. At 8:42 CST Tuesday morning the Canadian dollar was at US$0.7934 or US$1=C$1.2604 which compares with Monday’s North American close of US$0.7928 or US$1=C$1.2613. […] Read more

By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was unchanged on Monday, despite a dip in the United States dollar and strong gains in crude oil. The loonie finished at US$0.7928 or US$1=C$1.2613, compared to Friday’s close of US$0.7928 or US$1=C$1.2614. On the U.S. Dollar Index, the greenback lost 0.273 at 90.090 points. […] Read more

By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, backing away from the near-three-year highs relative to its United States counterpart hit on Friday. At 8:43 CST Monday morning the Canadian dollar was at US$0.7910 or US$1=C$1.2642 which compares with Friday’s North American close of US$0.7928 or US$1=C$1.2614. A […] Read more

By MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – The Canadian dollar was stronger on Friday, nearing three-year highs relative to its United States counterpart. An increased appetite for risk in global markets and a firm tone in many commodities contributed to the strength in the currency, according to analysts. However, soft retail sales data and losses […] Read more

By MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – The Canadian dollar was stronger Friday morning as the loonie’s United States counterpart was lower. As of 8:40 CST, the Canadian dollar was at US$0.7919 or C$1.2630, compared to Thursday’s close of US$0.7876 or C$1.2696. On the U.S. Dollar Index, the greenback backtracked 0.285 at 90.315 points. Benchmark […] Read more

By MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – The Canadian dollar was slightly firmer relative to its United States counterpart on Thursday, but lacked any clear direction in narrow, range-bound activity. The Canadian dollar closed at US$0.7876 or US$1=C$1.2696, which compares with Wednesday’s North American close US$0.7867 or US$1=C$1.2712. Crude oil was softer on Thursday, putting […] Read more