Currency Markets

By MarketsFarm   WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as broad strength in the United States dollar internationally weighed on the domestic currency as the U.S. Federal Reserve was seen taking a more hawkish stance on monetary policy going forward. The Canadian dollar settled at US$0.7415 or US$1=C$1.3423 on […] Read more

By MarketsFarm   WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar was softer Thursday morning, backing away from the six-week highs relative to its United States counterpart hit on Wednesday. At 8:37 a.m. CDT Thursday morning the Canadian dollar was at US$0.7410 or US$1=C$1.3495, which compares with Wednesday’s close of US$0.7450 or US$1=C$1.3423. Canada’s unemployment […] Read more

By MarketsFarm   WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday as currency traders reacted to the latest interest rate decision from the United States Federal Reserve. The Fed kept its key overnight rate unchanged but hinted that another hike was likely before the end of the year. The Canadian […] Read more

By MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning as market participants await the latest interest rate decision from the United States Federal Reserve. At 8:50 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7457 or US$1=C$1.3410, which compares with Tuesday’s close of US$0.7448 or US$1=C$1.3426. It’s generally […] Read more

By MarketsFarm   WINNIPEG, Sept. 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday as updated inflation data came in at the higher end of trade guesses and raised expectations for more interest rate hikes from the Bank of Canada. The Canadian dollar settled at US$0.7448 or US$1=C$1.3426 on Tuesday, which compares with Monday’s […] Read more

By MarketsFarm   WINNIPEG, Sept. 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, as rising inflation and gains in crude oil underpinned the currency. At 8:35 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7462 or US$1=C$1.3401, which compares with Monday’s close of US$0.7412 or US$1=C$1.3491. Canada’s consumer price index was up […] Read more

By MarketsFarm   WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar was stronger on Monday, hitting its highest level relative to its United States counterpart in a month as currency traders adjusted positions ahead of data due out Tuesday that’s expected to show an increase in Canada’s rate of inflation. The Canadian dollar settled at […] Read more

By MarketsFarm   WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, with advances in crude oil providing some support for the energy-linked currency. At 8:40 a.m. CDT Monday morning the Canadian dollar was at US$0.7410 or US$1=C$1.3495, which compares with Friday’s close of US$0.7393 or US$1=C$1.3526. Canada’s Industrial Product Price […] Read more

WINNIPEG – While the Canadian dollar ended the week higher, it still retreated on Friday. The loonie closed on Friday at US$0.7393 or US$1=C$1.3526, compared to US$0.7399 or US$1=C$1.3515 on Thursday. The U.S. Dollar Index was down 0.06 of a point at 105.34. Crude oil was still moving upwards at the end of the week. […] Read more

WINNIPEG – After rising for most of the week, the Canadian dollar took a step back on Friday morning. The loonie was at US$0.7381 or US$1=C$1.3548, down from US$0.7399 or US$1=C$1.3515 on Thursday. The U.S. Dollar Index went down 0.13 of a point to 105.27. Crude oil also changed momentum after rallying for most of […] Read more