Currency Markets

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning as crude oil prices were making small gains and the Toronto Stock Exchange opened higher. As of 8:45 CDT, the Canadian dollar was at US$0.7392 or C$1.3534, compared to Monday’s close of US$0.7337 or C$1.3630. Benchmark crude oil prices were […] Read more

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was stronger on Monday, having made gains ahead of the Bank of Canada’s announcement on interest rate scheduled for Wednesday. The loonie finished the day at US$0.7337 or US$1=C$1.3630, compared to Friday when it closed at US$0.7253 or US$1=C$1.3787. Benchmark crude oil prices were lower […] Read more

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Monday morning relative to the United States dollar. As of 8:46 CDT, the Canadian dollar was at US$0.7296 or C$1.3708, compared to Friday’s close of US$0.7253 or C$1.3787. Benchmark crude oil prices were steady to lower Monday morning as OPEC and Russia […] Read more

WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, seeing some consolidation to end the week after posting sharp gains relative to its United States counterpart in recent sessions. The Canadian dollar closed at US$0.7253 or US$1=C$1.3787, which compares with Thursday’s North American close of US$0.7265 or US$1=C$1.3764. Canada’s gross domestic […] Read more

By MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, as investors digested the country’s latest inflation data. At 8:36 CDT Friday morning the Canadian dollar was at US$0.7262 or C$1.3770 which compares with Thursday’s North American close of US$0.7265 or C$1.376480. Canada’s economy shrunk at an annualized rate of […] Read more

By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was firmer on Thursday, but lagged most other major world currencies relative to the United States dollar. The Canadian dollar closed at US$0.7265 or US$1=C$1.3764, which compares with Wednesday’s North American close of US$0.7257 or US$1=C$1.3780. Canada’s current account deficit widened to C$11.1 billion in […] Read more

By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was holding relatively steady Thursday morning, seeing some consolidation after strengthening in recent sessions. At 8:53 CDT Thursday morning the Canadian dollar was at US$0.7254 or C$1.3785 which compares with Wednesday’s North American close of US$0.7257 or C$1.3780. Canada’s current account deficit widened to C$11.1 […] Read more

By MarketsFarm WINNIPEG, May 27 (MarketsFarm) – The Canadian dollar was firmer on Wednesday, seeing some follow-through strength after Tuesday’s rally relative to its United States counterpart. The Canadian dollar closed at US$0.7257 or US$1=C$1.3780, which compares with Tuesday’s North American close of US$0.7244 or C$1.3804. A 1.86 trillion euro recovery package proposed by the […] Read more

By MarketsFarm WINNIPEG, May 27 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, seeing some follow-through strength after Tuesday’s rally. At 8:37 CDT Wednesday morning the Canadian dollar was at US$0.7263 or C$1.3768 which compares with Tuesday’s North American close of US$0.7244 or C$1.3804. Increasing optimism over easing COVID-19 restrictions gave world equity […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, May 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Wednesday, thanks to strength from comparable vegetable oils. The Chicago soy complex showed strength this morning, as well as Malaysian palm oil and European rapeseed. Relative strength in the Canadian dollar hampered further gains for canola. The […] Read more