Currency Markets

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was firmer on Tuesday, as gains in the outside equity and energy markets provided support. The Canadian dollar closed at US$0.7478 or US$1=C$1.3372, which compares with Friday’s North American close of US$0.7460 or US$1=C$1.3404. Expectations for a new pandemic stimulus package in the United States […] Read more

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was unchanged Tuesday morning, as trading resumed following the August long weekend. As of 9:04 CDT, the Canadian dollar was at US$0.7460 or C$1.3408, the same as Friday’s close. Benchmark crude oil prices were lower on Tuesday morning due to market worries over the increasing […] Read more

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from the Statistics Canada report on the economy. The loonie finished at US$0.7460 or US$1=C$1.3404, compared to Thursday when it closed at US$0.7445 or US$1=C$1.3432. The federal agency’s report said the Canadian economy grew 4.5 per cent in May […] Read more

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was steady Friday morning, despite gains in crude oil and a positive economic report from Statistics Canada. As of 8:37 CDT, the Canadian dollar was at US$0.7447 or C$1.3428, compared to Thursday’s close of US$0.7445 or C$1.3432. Statistics Canada said the country’s economy grew by […] Read more

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar dropped four-tenths of a cent on Thursday due to weakness in crude oil. The loonie finished at US$0.7445 or US$1=C$1.3432, compared to Wednesday when it closed at US$0.7485 or US$1=C$1.3360. Benchmark crude oil prices were lower on Thursday, following a Department of Commerce report that […] Read more

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was down Thursday morning, as crude oil and equities lost ground. As of 8:45 CDT, the Canadian dollar was at US$0.7460 or C$1.3407, compared to Wednesday’s close of US$0.7485 or C$1.3360. Benchmark crude oil prices were lower on Thursday morning, as another global glut looms […] Read more

By MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday, due to continued weakness in the United States dollar, as well as gains in crude oil and the stock markets. The loonie finished at US$0.7485 or US$1=C$1.3360, compared to Tuesday when it closed at US$0.7478 or US$1=C$1.3373. The U.S. dollar […] Read more

By MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was making small gains on Wednesday morning, with support coming from increases in crude oil prices and a stronger stock market. As of 8:40 CDT, the Canadian dollar was at US$0.7489 or C$1.3348, compared to Tuesday’s close of US$0.7478 or C$1.3373. Benchmark crude oil prices […] Read more

By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday, as crude oil prices pulled back and the United States dollar remained weak. The loonie finished at US$0.7478 or US$1=C$1.3373, compared to Monday when it closed at US$0.7475 or US$1=C$1.3378. Benchmark crude oil prices were slightly lower on Tuesday, ahead […] Read more

By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, benefitting from continued weakness in the United States dollar. As of 8:43 CDT, the Canadian dollar was at US$0.7471 or C$1.3386, compared to Monday’s close of US$0.7475 or C$1.3378. Benchmark crude oil prices were steady to lower on Tuesday […] Read more