Currency Markets

By MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning as the euphoria surrounding the latest coronavirus vaccine test results subsided. As of 8:44 CST, the Canadian dollar was at US$0.7638 or C$1.3097, compared to Monday’s close of US$0.7642 or C$1.3085. Benchmark crude oil prices were slightly lower Tuesday […] Read more

By MarketsFarm WINNIPEG, Nov. 16 (MarketsFarm) – The Canadian dollar was stronger on Monday, due to widespread market optimism towards a COVID-19 vaccine. The dollar finished at US$0.7642 or US$=C$1.3085 compared to Friday’s close of US$0.7606 or US$1=C$1.3147. Moderna Inc. released preliminary test results that showed their experimental vaccine scored a 94.5 per cent efficacy […] Read more

By MarketsFarm WINNIPEG, Nov. 16 (MarketsFarm) – The Canadian dollar was stronger Monday morning, due to gains in crude oil. As of 8:42 CDT, the Canadian dollar was at US$0.7642 or C$1.3085, compared to Friday’s close of US$0.7606 or C$1.3147. Benchmark crude oil prices were higher Monday morning, just as OPEC+ began a series of […] Read more

By MarketsFarm WINNIPEG, Nov. 13 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday.      At 8:30 CST Friday morning the Canadian dollar was at US$0.7608 or US$1=C$1.3137, which compares with Thursday’s North American close of US$0.7620 or US$1=C$1.3123. Global stock indices were stronger on Friday despite reports of spiking COVID-19 cases around the […] Read more

By MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – The Canadian dollar was weaker on Thursday, pulling back some of the significant gains made earlier in the week.      At 8:45 CST Thursday morning the Canadian dollar was at US$0.7613 or US$1=C$1.3137, which compares with Tuesday’s North American close of US$0.7682 or US$1=C$1.3017. Global stock indices were […] Read more

By MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was lower on Tuesday stepping back from two-year highs reached yesterday. The loonie finished at US$0.7682 or US$=C$1.3017 compared to Monday’s close of US$0.7710 or US$1=C$1.2970. The United States Dollar Index saw a slight gain for the greenback of 0.075 to sit at 92.790 points. […] Read more

By MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, pulling back after considerable gains on Monday. Markets will be closed tomorrow for Remembrance Day.      At 9:00 CST Tuesday morning the Canadian dollar was at US$0.7677 or US$1=C$1.3042, which compares with Monday’s North American close of US$0.7710 or US$1=C$1.2970. A […] Read more

By MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The Canadian dollar was higher at Monday’s close, hitting two-year highs on the coattails of promising news of a COVID-19 vaccine. The dollar finished the day at US$0.7710 or US$1=C$1.2970, compared to Friday when it closed at US$0.7669 or US$1=C$1.3039. Canada’s main stock index gained approximately 1.2 per […] Read more

By MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, hitting two-year highs due to global optimism regarding a COVID-19 vaccine.      At 8:35 CST Monday morning the Canadian dollar was at US$0.7730 or US$1=C$1.2936, which compares with Friday’s North American close of US$0.7669 or US$1=C$1.3039. Global financial markets got […] Read more

By MarketsFarm WINNIPEG, Nov. 6 (MarketsFarm) – The Canadian dollar was virtually unchanged on Friday. Sluggish job recovery numbers and lower crude oil prices weighed on values, but they were countered by a lower United States dollar which provided support. The loonie finished at US$0.7669 or US$=C$1.3039 compared to Thursday’s close of US$0.7667 or US$1=C$1.3051. […] Read more