Currency Markets

By MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar was relatively steady Tuesday morning, as its United States counterpart was virtually unchanged. As of 8:40 CST, the Canadian dollar was at US$0.7817 or C$1.2792, compared to Monday’s close of US$0.7812 or C$1.2801. The U.S. Dollar Index nudged up 0.013 putting the greenback at 90.715 […] Read more

By MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged on Monday, as Statistics Canada’s positive jobs report on Friday held off declines in crude oil prices. The dollar remained at US$0.7812 or US$1=C$1.2801. Benchmark crude oil prices were lower on Monday, due to a surge in the COVID-19 pandemic and increasing tensions […] Read more

By MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged Monday morning, still benefitting from Friday’s positive report on job growth. As of 8:42 CST, the Canadian dollar was at US$0.7812 or C$1.2801. Benchmark crude oil prices were lower Monday morning due to declines in North American and European stock markets. Brent crude […] Read more

By MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The Canadian dollar was stronger on Friday, hitting its best levels in two years relative to its United States counterpart. The Canadian dollar closed at US$0.7812 or US$1=C$1.2801, which compares with Thursday’s North American close of US$0.7764 or US$1=C$1.2880. Better-than-expected domestic jobs data, coupled with softer employment data […] Read more

By MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The Canadian dollar was stronger on Friday morning.      At 8:45 CST Friday morning the Canadian dollar was at US$0.7792 or US$1=C$1.2833, which compares with Thursday’s North American close of US$0.7764 or US$1=C$1.2880. Global stock indices were stronger. Statistics Canada reported the Canadian economy added 62,000 jobs in […] Read more

By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday. The dollar finished the day at US$0.7764 or US$1=C$1.2880, compared to Wednesday when it closed at US$0.7731 or US$1=C$1.2934. Global stock indices were slightly lower, following news that Pfizer is struggling with supply-chain issues with the COVID-19 vaccine. This erased previous […] Read more

By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday.      At 8:30 CST Thursday morning the Canadian dollar was at US$0.7745 or US$1=C$1.2911, which compares with Wednesday’s North American close of US$0.7732 or US$1=C$1.2934. Crude oil prices were slightly lower in early activity, following reports that the Organization of Petroleum […] Read more

By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was slightly stronger at Wednesday’s close, remaining around highs for the year. The dollar finished the day at US$0.7731 or US$1=C$1.2934, compared to Tuesday when it closed at US$0.7721 or US$1=C$1.2952. The S&P 500 was stronger on Wednesday, spurred by gains in energy markets to […] Read more

By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was steady on Wednesday.      At 8:40 CST Wednesday morning the Canadian dollar was at US$0.7725 or US$1=C$1.2944, which compares with Friday’s North American close of US$0.7721 or US$1=C$1.2952. Global stock indices were mixed on Wednesday morning following news that Merck & Co. sold its […] Read more

By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Montreal-based National Bank of Canada reported fourth quarter profits totalling C$492 million. Revenues totalled C$2 billion for the quarter, compared to C$1.9 billion during the same quarter in 2019. United States employers added fewer […] Read more