Currency markets

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

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

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.

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

WINNIPEG – The Canadian dollar spent part of the day above 74 United States cents, as the loonie reached its highest level since Aug. 15. The loonie closed on Thursday at US$0.7399 or US$1=C$1.3515, compared to US$0.7380 or US$1=C$1.3551 on Wednesday. The U.S. Dollar Index was up 0.56 of a point at 105.33. Supply curbs

WINNIPEG – The Canadian dollar inched its way closer to the 74 United States cent mark on Thursday morning. The loonie was at US$0.7392 or US$1=C$1.3528, up from US$0.7380 or US$1=C$1.3551 on Wednesday. The U.S. Dollar Index went up 0.30 of a point to 105.07. Crude oil continued its rally due to record demand as

WINNIPEG – The Canadian dollar took a step upward on Wednesday, extending its rally which started on Sept. 8. The loonie closed at US$0.7380 or US$1=C$1.3551, compared to US$0.7375 or US$1=C$1.3560 on Tuesday. The United States Dollar Index was up 0.05 of a point at 104.76. The U.S. Labor Department reported today that the consumer

WINNIPEG – The Canadian dollar was slowly moving its way upwards on Wednesday morning. The loonie was at US$0.7386 or US$1=C$1.3539, up from US$0.7375 or US$1=C$1.3560 on Tuesday. The United States Dollar Index was virtually unchanged, down by 0.01 of a point to 104.70. The U.S. Labor Department reported today that the consumer price index

WINNIPEG – The Canadian dollar made another gain on Tuesday supported by rising crude oil prices. The loonie closed at US$0.7375 or US$1=C$1.3560, compared to US$0.7363 or US$1=C$1.3581 on Monday. The U.S. Dollar Index was up 0.17 of a point at 104.74. Brent crude oil rose US$1.49 at US$92.13 per barrel. West Texas Intermediate (WTI)

WINNIPEG – The Canadian dollar continued its upward climb on Tuesday. The loonie was at US$0.7371 or US$1=C$1.3567, up from US$0.7363 or US$1=C$1.3581 on Monday. The United States Dollar Index strengthened by 0.28 of a point to 104.85. Crude oil jumped due to high demand and supply cuts from Russia and Saudi Arabia. Brent crude