Currency Markets

By MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, backing away from overnight gains as currency traders squared positions and reacted to larger swings in the United States Dollar Index. At 8:40 CST Tuesday morning the Canadian dollar was at US$0.7645 or C$1.3080 which compares with Monday’s North American […] Read more

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar held relatively steady on Monday, weakening only slightly after trading within a narrow range. The Canadian dollar closed at US$0.7644 or US$1=C$1.3082, which compares with Friday’s North American close of US$0.7651 or US$1=C$1.3071. Gains in crude oil provided some underlying support for the energy-linked Canadian […] Read more

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was holding steady Monday morning, with gains in crude oil providing some underlying support. At 8:46 CST Monday morning the Canadian dollar was at US$0.7654 or C$1.3065 which compares with Friday’s North American close of US$0.7651 or C$1.3071. Optimism that a COVID-19 vaccine will soon […] Read more

By MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar was relatively steady on Friday, nudging up by less than a tenth of a cent. The dollar finished at US$0.7651 or US$=C$1.3071 compared to Thursday’s close of US$0.7644 or US$1=C$1.3083. Benchmark crude oil prices were higher on Friday, due to optimism towards coronavirus vaccine trials […] Read more

By MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar was higher Friday morning as retail sales increased according to Statistics Canada. As of 8:45 CST, the Canadian dollar was at US$0.7669 or C$1.3041, compared to Thursday’s close of US$0.7644 or C$1.3083. The federal agency reported retail sales were up 1.1 per cent in September […] Read more

By MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The Canadian dollar was lower on Thursday, due to weaker domestic crude oil prices and market concerns over the growing number of COVID-19 cases in the country. Declines were limited by a relatively steady United States Dollar Index coupled with small gains in major world benchmark crude oils. […] Read more

By MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The Canadian dollar was lower Thursday morning as its United States counterpart was stronger. As of 8:38 CST, the Canadian dollar was at US$0.7630 or C$1.3107, compared to Wednesday’s close of US$0.7655 or C$1.3063. The U.S. Dollar Index was up 0.334 at 92.645 points as the greenback gained […] Read more

By MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar closed slightly stronger on Wednesday amid renewed market sentiment towards a COVID-19 vaccine. The dollar finished at US$0.7655 or US$=C$1.3063 compared to Tuesday’s close of US$0.7637 or US$1=C$1.3094. Pfizer said the final results of its vaccine testing found it to be 95 per cent effective. […] Read more

By MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar was relatively steady Wednesday morning amid renewed optimism towards a coronavirus vaccine. As of 8:44 CST, the Canadian dollar was at US$0.7643 or C$1.3084, compared to Tuesday’s close of US$0.7637 or C$1.3094. Pfizer Inc. said on Wednesday the final analysis of the trial data found […] Read more

By MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – The Canadian dollar remained steady on Tuesday, despite investor sentiment in the United States declining in the face of rising cases of COVID-19. The dollar finished at US$0.7637 or US$=C$1.3094 compared to Monday’s close of US$0.7642 or US$1=C$1.3085. Benchmark crude oil prices were slightly higher on Tuesday as […] Read more