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WINNIPEG – The Canadian dollar took a step back on Thursday after a collapse in crude oil prices. The loonie closed Thursday at US$0.7273 or US$1=C$1.3749, compared to US$0.7313 or US$1=C$1.3675 on Wednesday. The United States Dollar Index was virtually unchanged at 104.41 points. Crude oil suffered major losses due to weakened demand and the[...]

Compiled by MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar eased back on Wednesday; after Bank of Canada governor Tiff Macklem stated the federal government’s new spending plans were helpful to the central bank’s monetary policy. The loonie closed at US$0.7287 or US$1=C$1.3723, compared to Tuesday’s finish of US$0.7300 or US$1=C$1.3698. On the United[...]

By MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar stepped back on Wednesday morning, the day after finance minister Chrystia Freeland presented her fall fiscal update that provides C$20.6 billion over six years in new spending. As of 8:37 am CST, the loonie was at US$0.7277 or C$1.3747, compared to Tuesday’s close of US$0.7300[...]

Compiled by MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar bumped up on Tuesday, shortly after Canadian deputy prime minister and finance minister Chrystia Freeland presented the federal government’s fall fiscal update. The loonie closed at US$0.7300 or US$1=C$1.3698, compared to Monday’s finish of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback[...]

WINNIPEG – Coming off the long weekend, the Canadian dollar advanced on Tuesday, largely due to a weakened United States greenback. The loonie was at US$0.7272 or US$1=C$1.3751 on Tuesday morning, higher than Friday’s close of US$0.7236 or US$1=C$1.3819. The Bank of Canada (BoC) did not publish a closing exchange rate on Monday due to[...]