Currency Markets

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

By MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, despite poor economic data from Statistics Canada.      At 8:30 CDT Tuesday morning the Canadian dollar was at US$0.7206 or C$1.3877, which compares with Tuesday’s North American close of US$0.7198 or C$1.3893. According to a recent report, Canada’s annual rate […] Read more

By MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was higher following market closures for the Victoria Day long weekend, due to hopes that Canada’s economy will weather the COVID-19 pandemic. The dollar finished the day at US$0.7198 or US$1=C$1.3893, compared to Friday when it closed at US$0.7095 or US$1=C$1.4094. Stocks were mostly lower […] Read more

By MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday morning, along with stock indices and crude oil values.      At 8:30 CDT Tuesday morning the Canadian dollar was at US$0.7190 or C$1.3914, which compares with Friday’s North American close of US$0.7095 or C$1.4094. Stock markets were higher on Tuesday morning […] Read more

By MarketsFarm WINNIPEG, May 15 (MarketsFarm) – The Canadian dollar was virtually unchanged on Friday, after it fluctuated across both sides of 71 U.S. cents. The dollar was supported by gains in crude oil, but growing uncertainty in United States/China trade relations weighed on values. The loonie finished the day at US$0.7095 or US$1=C$1.4094, compared […] Read more

By MarketsFarm WINNIPEG, May 15 (MarketsFarm) – The Canadian dollar was steady on Friday morning despite gains in crude oil. As of 8:38 CDT, the Canadian dollar was at US$0.7100 or C$1.4074, compared to Thursday’s close of US$0.7097 or C$1.4090. Benchmark crude oil prices were slightly higher Friday morning, reaching price levels not seen in […] Read more

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday, following the Bank of Canada’s review of the country’s financial systems and a Statistics Canada report on manufacturing sales. The loonie finished the day at US$0.7097 or US$1=C$1.4090, compared to Wednesday when it closed at US$0.7106 or US$1=C$1.4073. The Bank […] Read more

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar fell under 71 U.S. cents Thursday following a grim Statistics Canada report on manufacturing sales. As of 8:57 CDT, the Canadian dollar was at US$0.7074 or C$1.4135, compared to Wednesday’s close of US$0.7106 or C$1.4073. Manufacturing sales in Canada plunged 9.2 per cent in March, […] Read more

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was lower on Wednesday, following declines in the Toronto Stock Exchange and crude oil. The loonie finished the day at US$0.7106 or US$1=C$1.4073, compared to Tuesday when it closed at US$0.7135 or US$1=C$1.4015. The TSX Composite Index dropped 377.95 points to close at 14,503.21. The […] Read more