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Derwin: Dollar direction signals hard to decipher

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Canadian Financial Close: Loonie steady on Friday

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By MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – The Canadian dollar was steady at Friday’s close. The dollar finished the day at US$0.7610 or US$1=C$1.3140, compared to Thursday when it closed at US$0.7609 or US$1=C$1.3142. Global stock indices closed the week mostly lower, as market participants continue to dissect comments regarding the possibility of another stimulus
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – The Canadian dollar was relatively steady on Friday morning.      At 8:45 CDT Friday morning the Canadian dollar was at US$0.7614 or US$1=C$1.3133, which compares with Thursday’s North American close of US$0.7609 or US$1=C$1.3142. A recent report from Statistics Canada showed Canada’s inflation increased by 0.5 per cent
Currency markets

Canadian Financial Close: Loonie weaker on Thursday

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By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar was slightly lower at Thursday’s close. The dollar finished the day at US$0.7609 or US$1=C$1.3142, compared to Wednesday when it closed at US$0.7621 or US$1=C$1.3122. United States stocks were stronger following reports that U.S. jobless claims were lower than expected this week, though the unemployment
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday morning      At 8:35 CDT Thursday morning the Canadian dollar was at US$0.7603 or US$1=C$1.3153, which compares with Wednesday’s North American close of US$0.7621 or US$1=C$1.3122. While the odds of a stimulus package before the United States Presidential Election are
Currency markets

Canadian Financial Close: Loonie slightly higher on Wednesday

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By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly higher at Wednesday’s close. The dollar finished the day at US$0.7621 or US$1=C$1.3122, compared to Tuesday when it closed at US$0.7612 or US$1=C$1.3138. United States stocks were lower due to prolonged talks regarding another stimulus package during the COVID-19 pandemic. Democratic House Speaker
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning.      At 8:35 CDT Wednesday morning the Canadian dollar was at US$0.7623 or US$1=C$1.3118, which compares with Tuesday’s North American close of US$0.7612 or US$1=C$1.3138. A recent report from Statistics Canada showed Canada’s inflation rate was 0.5 per cent
Currency markets

Canadian Financial Close: Loonie slightly higher on Tuesday

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By MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was slightly stronger on Tuesday, following reports that Canada’s economy has rebounded quicker than its United States counterpart. The dollar finished the day at US$0.7612 or US$1=C$1.3138, compared to Monday when it closed at US$0.7596 or US$1=C$1.3165. While job markets in the U.S. and Canada
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday due to slight losses in crude oil.      At 8:35 CDT Tuesday morning the Canadian dollar was at US$0.7583 or US$1=C$1.3187, which compares with Monday’s North American close of US$0.7596 or US$1=C$1.3165. A recent report on home construction rates in
Currency markets

Canadian Financial Close: Loonie closes higher on Monday

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By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, despite a negative tone for global financial markets and weakness in crude oil. The dollar finished the day at US$0.75976 or US$1=C$1.3165, compared to Friday when it closed at US$0.7580 or US$1=C$1.3192. Global stock indices were broadly lower ahead of
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, despite slight losses in crude oil and uncertainty in global financial markets.      At 8:30 CDT Monday morning the Canadian dollar was at US$0.7595 or US$1=C$1.3166, which compares with Friday’s North American close of US$0.7580 or US$1=C$1.3192. Recent gains in

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