Currency Markets

WINNIPEG, Feb. 3 (MarketsFarm) – The Canadian dollar moved upward Wednesday morning while oil prices steadily climb above year-long highs. As of 8:44 a.m. CST, the Canadian dollar was at US$0.7816 or C$1.2796, compared to Tuesday’s close of US$0.7802 or C$1.2818. Benchmark crude oil prices rose on Wednesday morning amidst speculation of increased demand in […] Read more

WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar gained some ground on Tuesday against a strong U.S. greenback as oil prices increased even higher. The loonie finished at US$0.7802 or US$1=C$1.2818, compared to Monday’s close of US$0.7798 or US$1=C$1.2824. Crude oil continued its rise on Tuesday to values unseen for more than a year. This […] Read more

WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning while oil prices continued their upward climb from yesterday. As of 8:49 a.m. CST, the Canadian dollar was at US$0.7775 or C$1.2860, compared to Monday’s close of US$0.7798 or C$1.2824. Benchmark crude oil prices were up on Tuesday morning as Exxon announced […] Read more

WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar was weaker on Monday in the face of an improving U.S. greenback amidst higher oil prices. The loonie finished at US$0.7798 or US$1=C$1.2824, compared to Friday’s close of US$0.7825 or US$1=C$1.2780. Benchmark crude oil prices were higher on Monday on speculation oil production would curb in the […] Read more

WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar was slightly lower Monday morning due to increases in crude oil prices. As of 8:47 a.m. CST, the Canadian dollar was at US$0.7817 or C$1.2793, compared to Friday’s close of US$0.7825 or C$1.2780. Benchmark crude oil prices were up on Monday morning due to falling inventories and […] Read more

By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The Canadian dollar was higher on Friday, as the country’s economy is expected to improve faster than initially anticipated. The loonie finished at US$0.7825 or US$1=C$1.2780, compared to Thursday’s close of US$0.7806 or US$1=C$1.2810. A report from Statistics Canada on Friday said the economy expanded by 0.7 per […] Read more

By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as gains in crude oil and signs of an improving economy provided support. At 8:55 CST Friday morning the Canadian dollar was at US$0.7833 or US$1=C$1.2767 which compares with Thursday’s North American close of US$0.7806 or US$1=C$1.2810. Canada’s gross domestic product […] Read more

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Thursday, but managed to settle off the five-week lows relative to its United States counterpart hit earlier in the session. The Canadian dollar closed at US$0.7806 or US$1=C$1.2810, which compares with Wednesday’s North American close US$0.7828 or US$1=C$1.2775. The currency had dipped […] Read more

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency. The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million […] Read more

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as sharp losses in the equity markets had investors backing away from riskier assets. At 9:03 CST Wednesday morning the Canadian dollar was at US$0.7811 or US$1=C$1.2802 which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Declines in crude […] Read more