Currency Markets

By MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was stronger on Tuesday morning, edging above 74 United States cents.      At 8:50 CDT Tuesday morning the Canadian dollar was at US$0.7431 or US$1=C$1.3457, which compares with Monday’s North American close of US$0.7367 or US$1=C$1.3574. Positive economic data was one driver of the Canadian […] Read more

By MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was higher on Monday as hopes for a COVID-19 vaccine generated some optimism in the financial markets. The loonie finished at US$0.7384 or US$1=C$1.3543, compared to Friday when it closed at US$0.7367 or US$1=C$1.3574. The TSX Composite Index rose 60.18 points on Monday, to close […] Read more

By MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, despite losses in the crude oil sector.      At 9:05 CDT Monday morning the Canadian dollar was at US$0.7371 or US$1=C$1.3566, which compares with Friday’s North American close of US$0.7367 or US$1=C$1.3574. Crude oil prices were pressured by reports of […] Read more

By MarketsFarm WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, amid concerns over the worsening COVID-19 outbreak in the United States. The Canadian dollar closed at US$0.7367 or US$1=C$1.3574, which compares with Thursday’s North American close of US$0.7384 or US$1=C$1.3543. Canadian wholesale sales increased by 5.7 per cent in May […] Read more

By MarketsFarm WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as investors adjusted positions ahead of the weekend. At 8:57 CDT Friday morning the Canadian dollar was at US$0.7364 or C$1.3580 which compares with Thursday’s North American close of US$0.7384 or C$1.3543. Canadian wholesale sales increased by 5.7 per cent […] Read more

By MarketsFarm WINNIPEG, July 16 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, despite weakness in outside equity and energy markets. The Canadian dollar closed at US$0.7384 or US$1=C$1.3543, which compares with Wednesday’s North American close of US$0.7389 or US$1=C$1.3534. Renewed concerns over the slow pace of world economic recovery due to the […] Read more

By MarketsFarm WINNIPEG, July 16 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, seeing some consolidation after posting solid gains relative to its United States counterpart on Wednesday. At 8:41 CDT Thursday morning the Canadian dollar was at US$0.7391 or C$1.3530 which compares with Wednesday’s North American close of US$0.7389 or C$1.3534. Softer-than-expected […] Read more

By MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as investors reacted to the latest interest rate decision from the Bank of Canada. The Canadian dollar closed at US$0.7389 or US$1=C$1.3534, which compares with Tuesday’s North American close of US$0.7344 or US$1=C$1.3616. The Bank of Canada left its key overnight […] Read more

WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as renewed optimism over a possible coronavirus vaccine boosted world equity markets and led to an increased appetite for risk. At 8:26 CDT Wednesday morning the Canadian dollar was at US$0.7367 or C$1.3574 which compares with Tuesday’s North American close of US$0.7344 or […] Read more

By MarketsFarm WINNIPEG, July 14 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as investors adjusted positions ahead of Wednesday’s Bank of Canada interest rate decision. The Canadian dollar closed at US$0.7344 or US$1=C$1.3616, which compares with Monday’s North American close of US$0.7371 or US$1=C$1.3567. Analysts generally expect the Bank of Canada will hold […] Read more