Currency Markets

By MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The Canadian dollar was slightly firmer Friday morning, seeing a modest correction after Thursday’s losses. At 8:44 CDT Friday morning the Canadian dollar was at US$0.7568 or C$1.3214 which compares with Thursday’s North American close of US$0.7559 or C$1.3230. News that drug giant Pfizer was close to applying […] Read more

By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from nearby highs to its lowest levels in the past week. The Canadian dollar closed at US$0.7559 or US$1=C$1.3230, which compares with Wednesday’s North American close of US$0.7611 or US$1=C$1.3139. Mounting concerns over the second-wave of COVID-19, as numerous countries […] Read more

By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was sharply weaker Thursday morning, retreating from its recent five-week highs as losses in crude oil and global equity markets weighed on the currency. At 8:55 CDT Thursday morning the Canadian dollar was at US$0.7557 or C$1.3233 which compares with Wednesday’s North American close of […] Read more

By MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, slipping only slightly relative to its United States counterpart as the currency consolidated after hitting five-week highs earlier in the week. The Canadian dollar closed at US$0.7611 or US$1=C$1.3139, which compares with Tuesday’s North American close of US$0.7614 or US$1=C$1.3133. […] Read more

WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as the currency continued to consolidate near its recently-hit five-week highs. At 9:01 CDT Wednesday morning the Canadian dollar was at US$0.7615 or C$1.3132 which compares with Tuesday’s North American close of US$0.7614 or C$1.3133. Global uncertainty over COVID-19 and the pace […] Read more

By MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was nearly unchanged following Canada’s Thanksgiving Long Weekend. The dollar finished the day at US$0.7614 or US$1=C$1.3133, compared to Friday when it closed at US$0.7613 or US$1=C$1.3136. Global stock indices were lower due to growing concerns of impending lockdowns around the world due to the […] Read more

By MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, lacking any clear direction as currency market saw some stability to start the week. At 8:49 CDT Tuesday morning the Canadian dollar was at US$0.7612 or C$1.3137 which was down from Friday’s North American close of US$0.7613 or C$1.3136. Canadian […] Read more

By MarketsFarm WINNIPEG, Oct. 9 (MarketsFarm) – The Canadian dollar was stronger ahead of Canada’s Thanksgiving Long Weekend. The dollar finished the day at US$0.7613 or US$1=C$1.3136, compared to Thursday when it closed at US$0.7564 or US$1=C$1.3220. Global stock indices traded higher on Friday, on hopes that a stimulus package may pass before the United […] Read more

By MarketsFarm WINNIPEG, Oct. 9 (MarketsFarm) – The Canadian dollar was stronger Friday morning, supported by solid employment data. At 8:48 CDT Friday morning the Canadian dollar was at US$0.7610 or C$1.3141 which was down from Thursday’s North American close of US$0.7564 or C$1.3220. Canada saw 378,000 new jobs added in September, taking total employment […] Read more

By MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – The Canadian dollar increased by almost a third of a cent on Thursday, due to higher crude oil prices. The dollar finished at US$0.7564 or US$=C$1.3220, compared to Wednesday’s close of US$0.7533 or US$1=C$1.3275. Benchmark crude oil prices were stronger on Thursday, as the shutdown of oil facilities […] Read more