Currency Markets

WINNIPEG – The Canadian dollar is virtually unchanged on Monday despite a large drop in oil prices. As of 9:00 a.m. CDT, the loonie was at US$0.7969 or US$1=C$1.2549, compared to US$0.7968 or US$1=C$1.2550 when markets closed on Friday. Crude oil suffered losses on Monday due to fears over the COVID-19 Delta variant. Brent crude […] Read more

By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar was weaker on Friday, as crude oil moved lower and domestic jobs data failed to live up to expectations. The Canadian dollar settled at US$0.7968 or US$1=C$1.2550 on Friday, which compares with Thursday’s North American close of US$0.8002 or US$1=C$1.2497. The Canadian economy added 94,000 […] Read more

WINNIPEG – The Canadian dollar is oscillating on each side of the 80-cent United States mark on Friday. As of 8:50 a.m. CDT, the loonie was at US$0.7970 or US$1=C$1.2547, compared to US$0.8002 or US$1=C$1.2497 when markets closed on Thursday. Statistics Canada announced on Friday that 94,000 new jobs were added in July. Crude oil […] Read more

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Thursday, underpinned by improving trade data. The Canadian dollar settled at US$0.8002 or US$1=C$1.2497 on Thursday, which compares with Wednesday’s North American close of US$0.7971 or US$1=C$1.2545. The value of Canadian exports jumped up by 8.7 per cent in June to hit […] Read more

WINNIPEG – The Canadian dollar was approaching the 80-cent United States mark on Thursday. As of 9:02 a.m. CDT, the loonie was at US$0.7999 or US$1=C$1.2501, compared to US$0.7971 or US$1=C$1.2545 when markets closed on Wednesday. Crude oil made slight gains on Thursday. Brent crude oil increased US$0.13 per barrel to US$70.51. West Texas Intermediate […] Read more

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held within a narrow range on Wednesday, largely ignoring the sharp losses in crude oil. The Canadian dollar was trading at US$0.7971 or US$1=C$1.2545 late Wednesday, which was unchanged from Tuesday’s North American close. The value of Canadian building permits was up by 6.9 per […] Read more

WINNIPEG – A weakening United States dollar has helped the Canadian dollar make gains on Wednesday. As of 8:56 a.m. CDT, the loonie was at US$0.7985 or US$1=C$1.2523, compared to US$0.7971 or US$1=C$1.2545 when markets closed on Tuesday. Crude oil tumbled on Wednesday due to lowering demand as the Delta variant of COVID-19 spreads. Brent […] Read more

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and general uncertainty in world financial markets amid rising cases of the COVID-19 Delta variant weighed on the currency. The Canadian dollar closed at US$0.7971 or US$1=C$1.2545 on Tuesday, which compares with Friday’s North American close […] Read more

WINNIPEG, August 3(MarketsFarm) – The Canadian dollar fell back below 80 cents United States on Tuesday. As of 8:52 a.m. CDT, the loonie was at US$0.7954 or US$1=C$1.2572, compared to US$0.8024 or US$1=C$1.2462 when markets closed on Friday. Crude oil dropped on Tuesday, a major factor in the loonie’s decline. Brent crude oil fell US$1.25 […] Read more

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after Thursday’s rally ahead of the weekend. The Canadian dollar closed at US$0.8024 or US$1=C$1.2462 on Friday, which compares with Thursday’s North American close of US$0.8032 or US$1=C$1.2450. Canada’s gross domestic product contracted by 0.3 […] Read more