Currency Markets

WINNIPEG – The Canadian dollar held steady on Wednesday amid economic news on both sides of the Canada/United States border. The loonie was at US$0.8203 or US$1=C$1.2191 on Wednesday, slightly lower from Tuesday’s close at US$0.8205 or US$1=C$1.2188. Meanwhile, the U.S. Dollar Index jumped 0.78 points at 91.31. Statistics Canada reported today that inflation increased […] Read more

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as currency traders await the latest policy announcement from the United States Federal Reserve due out later in the day. At 8:40 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8206 or US$1=C$1.2186 which compares with Tuesday’s North American […] Read more

WINNIPEG – The Canadian dollar fell to its lowest level in weeks on the day before the United States Federal Reserve decides on its policy statement. The loonie was at US$0.8205 or US$1=C$1.2188 on Tuesday, down from Monday’s close at US$0.8236 or US$1=C$1.2142. Meanwhile, the U.S. Dollar Index held steady at 90.51 points. The Fed […] Read more

WINNIPEG – The Canadian dollar mostly held steady on Monday despite underwhelming manufacturing data from Statistics Canada released earlier today. The loonie was at US$0.8236 or US$1=C$1.2142 on Monday, up from Friday’s close at US$0.8232 or US$1=C$1.2148. Meanwhile, the United States Dollar Index only slipped 0.05 points to 90.51. Statistics Canada reported that manufacturing sales […] Read more

By MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, seeing some consolidation to start the week after declining relative to its United States counterpart on Friday. At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8240 or US$1=C$1.2136 which compares with Friday’s North American close of US$0.8232 […] Read more

By MarketsFarm WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar fell to its weakest level in nearly a month relative to its United States counterpart on Friday as the U.S. dollar strengthened ahead of next week’s Federal Reserve interest rate announcement. The Canadian dollar closed at US$0.8232 or US$1=C$1.2148 on Friday, which compares with Thursday’s […] Read more

WINNIPEG – The Canadian dollar declined on Friday despite rising oil prices. As of 8:42 a.m. CDT, the loonie was at US$0.8252 or US$1=C$1.2118 on Friday, compared to US$0.8269 or US$1=C$1.2094 when markets closed on Thursday. Crude oil prices continued their rise on Friday. Brent crude gained four cents per barrel to US$72.56. West Texas […] Read more

By MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction for the second day in a row as market participants continued to contemplate future interest rate policy moves from the Bank of Canada. The Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday, […] Read more

WINNIPEG – The Canadian dollar went down on Thursday amid rising consumer prices in the United States. As of 8:38 a.m. CDT, the loonie was at US$0.8260 or US$1=C$1.2107 on Thursday, compared to US$0.8268 or US$1=C$1.2095 when markets closed on Wednesday. The U.S. Labor Department reported today that the country’s consumer price index (CPI) increased […] Read more

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, seeing little reaction as the Bank of Canada left its key overnight interest rate unchanged at 0.25 per cent. In the accompanying statement, the Bank said it expected increasing vaccination rates in the country would help the economy “rebound strongly.” The […] Read more