Currency markets

By MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar slightly lower on Monday morning, due to upticks in the United States dollar and despite slight gains in crude oil prices. As of 8:33 am CDT, the loonie was at US$0.7418 or C$1.3480, compared to Friday’s close of US$0.7427 or US$1=C$1.3464. On the U.S. Dollar

By MarketsFarm   WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was firmer on Friday, seeing a recovery after Thursday’s losses as currency traders adjusted positions ahead of the weekend. The Canadian dollar settled at US$0.7427 or US$1=C$1.3464 on Friday, which compares with Thursday’s close of US$0.7415 or US$1=C$1.3486. Canadian retail sales were up by

By MarketsFarm   WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was firmer Friday morning, with gains in crude oil providing some support. At 8:37 a.m. CDT Friday morning the Canadian dollar was at US$0.7436 or US$1=C$1.3448, which compares with Thursday’s close of US$0.7415 or US$1=C$1.3486. Canadian retail sales were up by 0.3 per cent

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

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

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

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

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

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

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