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Canadian Financial Close: Loonie weaker ahead of weekend

By MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm) – The Canadian dollar was slightly lower on Friday, due to continued economic uncertainty posed by the COVID-19 pandemic. The dollar finished the day at US$0.7547 or US$1=C$1.3250, compared to Thursday when it closed at US$0.7566 or US$1=C$1.3212. Global stock indices showed mixed performances following United States Congress breaking

Canadian dollar and business outlook

WINNIPEG, Aug. 14 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as the currency backed away from the six-month highs relative to its United States counterpart hit earlier in the week. At 8:43 CDT Friday morning the Canadian dollar was at US$0.7552 or C$1.3242 which compares with Thursday’s North American close of US$0.7566

Canadian Financial Close: Loonie stronger on Thursday

By MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – The Canadian dollar was stronger on Thursday. The dollar finished the day at US$0.7566 or US$1=C$1.3212, compared to Wednesday when it closed at US$0.7545 or US$1=C$1.3254. Global stock indices showed mixed performances following news that United States weekly unemployment insurance claims fell below one million, for the first

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, touching fresh six-month highs relative to its United States counterpart. At 9:10 CDT Thursday morning the Canadian dollar was at US$0.7568 or C$1.3214 which compares with Wednesday’s North American close of US$0.7545 or C$1.3254. General weakness in the U.S. dollar internationally

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as gains in crude oil provided some support for the energy-linked currency. At 8:58 CDT Wednesday morning the Canadian dollar was at US$0.7536 or C$1.3266 which compares with Tuesday’s North American close of US$0.7524 or C$1.3291. Crude oil was underpinned amid


ICE canola futures: Prices lower on Wednesday morning

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Wednesday morning, ahead of August’s World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE is expected to have a generally bearish influence on the market. Gains in Chicago soyoil prevented

Canadian Financial Close: Loonie edges over 75 U.S. cents

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar finished over 75 United States cents on Tuesday, despite weakness in financial markets. The dollar finished the day at US$0.7524 or US$1=C$1.3291, compared to Monday when it closed at US$0.7488 or US$1=C$1.3354. Losses in U.S. stock indices were led by poor performances in the tech

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, moving back above 75 U.S. cents. At 8:54 CDT Tuesday morning the Canadian dollar was at US$0.7520 or C$1.3298 which compares with Monday’s North American close of US$0.7488 or C$1.3354. Optimism over economic stimulus measures in the United States accounted for


Canadian Financial Close: Loonie higher ahead of the weekend

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, boosted by strong performances in the financial sector and crude oil values. The dollar finished the day at US$0.7488 or US$1=C$1.3354, compared to Friday when it closed at US$0.7476 or US$1=C$1.3377. United States stock indices were higher on Monday following

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, with gains in crude oil providing some underlying support for the currency. At 8:58 CDT Monday morning the Canadian dollar was at US$0.7495 or C$1.3342 which compares with Friday’s North American close of US$0.7476 or C$1.3377. Improving manufacturing data out