Currency Markets

WINNIPEG – The Canadian dollar moved above 80 United States cents on Friday morning after some good news from Statistics Canada. As of 8:37 a.m. CDT, the loonie was at US$0.8004 or US$1=C$1.2494, compared to US$0.7974 or US$1=C$1.2540 when markets closed on Thursday. Statistics Canada revealed on Friday morning that 230,700 jobs, mostly part-time in […] Read more

WINNIPEG – The Canadian dollar closed below the 80-cent U.S. mark on Thursday for the first time since April 23. The loonie was at US$0.7974 or US$1=C$1.2540 on Thursday, down from Wednesday’s close at US$0.8016 or US$1=C$1.2475, mainly due to concerns over the COVID-19 Delta variant. Meanwhile, the United States Dollar Index was down 0.27 […] Read more

WINNIPEG – The Canadian dollar fell below 80 United States cents on Thursday morning, reaching its lowest point in two months. As of 8:34 a.m. CDT, the loonie was at US$0.7973 or US$1=C$1.2542, compared to US$0.8016 or US$1=C$1.2475 when markets closed on Wednesday. Market fears over rising COVID-19 Delta variant cases worldwide and volatility in […] Read more

WINNIPEG – The Canadian dollar fell on Wednesday while minutes from last month’s meeting of the United States Federal Reserve provided little clarity on which fiscal direction it will take. The loonie was at US$0.8016 or US$1=C$1.2475 on Wednesday, down from Tuesday’s close at US$0.8035 or US$1=C$1.2446. The U.S. Federal Reserve is debating when would […] Read more

WINNIPEG– The Canadian dollar held mostly steady on Wednesday morning. As of 8:38 a.m. CDT, the loonie was at US$0.8042 or US$1=C$1.2435, compared to US$0.8035 or US$1=C$1.2446 when markets closed on Tuesday. Later today, the minutes for the United States Federal Reserve’s June meeting will be released, which will give an idea on the central […] Read more

WINNIPEG – The Canadian dollar fell on Tuesday amid volatility in crude oil prices. The loonie was at US$0.8035 or US$1=C$1.2446 on Tuesday, down from Monday’s close at US$0.8102 or US$1=C$1.2343. Meanwhile, the U.S. Dollar Index was up 0.35 points at 92.56. Benchmark crude oil prices dropped on Tuesday, erasing gains from the day before […] Read more

WINNIPEG – The Canadian dollar was lower on Tuesday morning during a correction in crude oil prices. As of 8:39 a.m. CDT, the loonie was at US$0.8061 or US$1=C$1.2405 on Tuesday, compared to US$0.8102 or US$1=C$1.2343 when markets closed on Monday. Crude oil prices were down on Tuesday after hitting its highest prices in years […] Read more

WINNIPEG – The Canadian dollar held mostly steady on Monday despite rising oil prices and bullish results from a Bank of Canada survey. The loonie was at US$0.8102 or US$1=C$1.2343 on Monday, up from Friday’s close at US$0.8095 or US$1=C$1.2353. Meanwhile, the U.S. Dollar Index was up 0.03 points at 92.25. Canada’s central bank released […] Read more

WINNIPEG – The Canadian dollar held mostly steady on Monday morning amid uncertainty over future oil output and the Bank of Canada’s Business Outlook Survey, which will be released later today. As of 8:36 a.m. CDT, the loonie was at US$0.8093 or US$1=C$1.2356 on Monday, compared to US$0.8095 or US$1=C$1.2353 when markets closed on Friday. […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 2 (MarketsFarm) – The Canadian dollar was stronger on Friday, but closed off its highs as trading resumed after Canada Day. The loonie closed at US$0.8095 or US$1=C$1.2353, compared to Wednesday’s close of US$0.8068 or US$1=C$1.2394. On the U.S. Dollar Index the greenback pulled back 0.344 at 92.250 […] Read more