Currency Markets

By MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The Canadian dollar was sharply stronger Monday morning, recovering from last week’s losses as a rally in crude oil underpinned the energy-linked currency. At 9:15 a.m. CDT Monday morning, the Canadian dollar was at US$0.7855 or US$1=C$1.2731 which compares with Friday’s North American close of US$0.7778 or US$1=C$1.2856. […] Read more

WINNIPEG – The Canadian dollar declined on Friday to its largest weekly loss since March 2020 despite welcome retail sales news. The loonie was at US$0.7778 or US$1=C$1.2856 on Friday, compared to Thursday’s close at US$0.7817 or US$1=C$1.2792. Statistics Canada reported on Friday retail sales went up 4.2 per cent in June due to easing […] Read more

WINNIPEG – Both the Canadian dollar and crude oil prices continued to lose ground on Friday due to the rise of COVID-19 infections. As of 8:56 a.m. CDT, the loonie was at US$0.7775 or US$1=C$1.2862, compared to US$0.7817 or US$1=C$1.2792 when markets closed on Thursday. Crude oil sank to their lowest prices since May on […] Read more

WINNIPEG – The Canadian dollar had a freefall on Thursday to its lowest level in six months in the face of a stronger United States dollar and lower crude oil prices. The loonie was at US$0.7817 or US$1=C$1.2792 on Thursday, compared to Wednesday’s close at US$0.7918 or US$1=C$1.2630. The U.S. Dollar Index was up 0.42 […] Read more

WINNIPEG – The Canadian dollar fell hard on Thursday following the lead of crude oil prices. As of 8:55 a.m. CDT, the loonie was at US$0.7834 or US$1=C$1.2765, compared to US$0.7918 or US$1=C$1.2630 when markets closed on Wednesday. Crude oil sank to their lowest prices since May on Thursday. Brent crude oil dropped US$1.79 per […] Read more

WINNIPEG – The Canadian dollar was mostly flat on Wednesday, but still reached a four-week low only hours after the release of new inflation data. The loonie was at US$0.7918 or US$1=C$1.2630 on Wednesday, compared to Tuesday’s close at US$0.7922 or US$1=C$1.2623. Statistics Canada reported that Canada’s inflation rate rose to 3.7 per cent in […] Read more

WINNIPEG – The Canadian dollar was steady on Wednesday despite new inflation data. As of 8:45 a.m. CDT, the loonie was at US$0.7924 or US$1=C$1.2620, compared to US$0.7922 or US$1=C$1.2623 when markets closed on Tuesday. On Wednesday, Statistics Canada reported that inflation rose to 3.7 per cent in July, the highest level since 2011. Crude […] Read more

WINNIPEG – The Canadian dollar dropped again on Tuesday while crude oil slipped back further. The loonie was at US$0.7922 or US$1=C$1.2623 on Tuesday, compared to Monday’s close at US$0.7956 or US$1=C$1.2569. The United States Commerce Department reported on Tuesday that retail sales declined by 1.1 per cent in July, mainly due to lower motor […] Read more

WINNIPEG – The Canadian dollar was down again on Tuesday as crude oil began to make a correction. As of 8:46 a.m. CDT, the loonie was at US$0.7934 or US$1=C$1.2604, compared to US$0.7956 or US$1=C$1.2569 when markets closed on Monday. Crude oil was mostly higher on Tuesday after consecutive days of losses. Brent crude oil […] Read more

WINNIPEG – The Canadian dollar slipped back on Monday amidst indications the Chinese economy is slowing down. The loonie was at US$0.7956 or US$1=C$1.2569 on Monday, compared to Friday’s close at US$0.7991 or US$1=C$1.2514. The United States Dollar Index increased 0.10 of a point at 92.62. Benchmark crude oil prices were declining on Monday. Brent […] Read more