Currency Markets

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

By MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The Canadian dollar was sharply stronger on Tuesday, climbing to two-month highs relative to its United States counterpart. The Canadian dollar closed at US$0.7244 or US$1=C$1.3804, which compares with Monday’s North American close of US$0.7151 or C$1.3984. Gains in crude oil and international equity markets provided the catalyst […] Read more

By MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The Canadian dollar was up sharply Tuesday morning, hitting its strongest level in two months relative to its United States counterpart. At 8:53 CDT Tuesday morning the Canadian dollar was at US$0.7235 or C$1.3822 which compares with Monday’s North American close of US$0.7151 or C$1.3984. Optimism over easing […] Read more

By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, along with the TSX and crude oil values. United States markets were closed for the Memorial Day holiday. The dollar finished the day at US$0.7151 or US$1=C$1.3984, compared to Friday when it closed at US$0.7135 or US$1=C$1.4015. Stephen Poloz, governor […] Read more

By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, although activity was thin and choppy with many markets in the United States closed for Memorial Day. At 8:54 CDT Monday morning the Canadian dollar was at US$0.7147 or C$1.3992 which compares with Friday’s North American close of US$0.7135 or […] Read more

By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar was weaker on Friday, due to relative strength in the United States dollar and losses in the crude oil sector. The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Thursday when it closed at US$0.7176 or US$1=C$1.3935. Stock indices were mostly higher on […] Read more

By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar was lower on Friday morning, after making steady gains for most of the week.      At 8:30 CDT Friday morning the Canadian dollar was at US$0.7126 or C$1.4033, which compares with Thursday’s North American close of US$0.7176 or C$1.3935. According to a recent report from […] Read more

By MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The Canadian dollar was lower on Thursday due to a myriad of negative economic factors, including rising unemployment in the United States. The total number of Americans out of work is over 38 million. The dollar finished the day at US$0.7176 or US$1=C$1.3935, compared to Wednesday when it […] Read more

By MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The Canadian dollar was steady on Thursday morning, due to relative weakness in the United States dollar caused by continually dismal unemployment data.      At 8:30 CDT Thursday morning the Canadian dollar was at US$0.7196 or C$1.3896, which compares with Wednesday’s North American close of US$0.7198 or C$1.3893. […] Read more

By MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was unchanged at midweek, despite gains in the crude oil sector. The dollar finished the day at US$0.7198 or US$1=C$1.3893, which was the same as Tuesday’s close. Stocks were mostly higher on Wednesday as market participants were optimistic regarding relaxed COVID-19 restrictions. The TSX Composite […] Read more