Currency markets

WINNIPEG – The Canadian dollar surged on Friday morning after the release of welcome jobs data from Statistics Canada (StatCan). The loonie was at US$0.7433 or US$1=C$1.3454, up from US$0.7371 or US$1=C$1.3566 on Thursday. StatCan reported on Friday that 41,000 jobs were added to the country’s economy in April, all of which were part-time. The

WINNIPEG – The Canadian dollar took a big jump on Thursday. The loonie closed at US$0.7371 or US$1=C$1.3566, compared to US$0.7344 or US$1=C$1.3616 on Wednesday. The United States Dollar Index added 0.07 of a point at 101.41. The Federal Reserve announced a 25-basis point hike to its key interest rates on Wednesday. Crude oil was

WINNIPEG – The Canadian dollar made gains on Thursday morning. The loonie was at US$0.7356 or US$1=C$1.3594, up from US$0.7344 or US$1=C$1.3616 on Wednesday. The United States Dollar Index added 0.03 of a point at 101.37. The U.S. Federal Reserve announced a 25-basis point hike to its key interest rates on Wednesday. Crude oil is

WINNIPEG – The Canadian dollar was steady on Wednesday while crude oil continued its collapse. The loonie closed at US$0.7344 or US$1=C$1.3616, compared to US$0.7343 or US$1=C$1.3618 on Tuesday. The United States Dollar Index dropped 0.59 of a point at 101.37 hours after the Federal Reserve announced a 25-basis point hike to its key interest

WINNIPEG – The Canadian dollar stepped back a little on Wednesday morning. The loonie was at US$0.7338 or US$1=C$1.3628, down from US$0.7343 or US$1=C$1.3618 on Tuesday. The United States Dollar Index shed 0.43 of a point at 101.53. The U.S. Federal Reserve is likely to announce a 25-basis point hike to its key interest rates

WINNIPEG – The Canadian dollar dropped on Tuesday following a collapse in crude oil prices. The loonie closed at US$0.7343 or US$1=C$1.3618 on Tuesday, compared to US$0.7382 or US$1=C$1.3546 on Monday. The United States Dollar Index declined 0.23 of a point at 101.92. Crude oil had its largest one-day drop since Jan. 4 after the

WINNIPEG – The Canadian dollar lost all of yesterday’s gains on Tuesday morning and then some. The loonie was at US$0.7350 or US$1=C$1.3605, down from US$0.7382 or US$1=C$1.3546 on Monday. Meanwhile, the United States Dollar Index added 0.16 of a point at 102.31, approaching its highest level since April 10. Crude oil continued its ongoing

WINNIPEG – The Canadian dollar began the month of May on a positive note. The loonie closed at US$0.7382 or US$1=C$1.3546 on Monday, compared to US$0.7365 or US$1=C$1.3578 on Friday. Many markets outside North America were closed due to the May Day holiday. The United States Dollar Index rose 0.47 of a point at 102.13.

WINNIPEG – The Canadian dollar started the month of May with a bit of strength. The loonie was at US$0.7374 or US$1=C$1.3561, up from US$0.7365 or US$1=C$1.3578 on Friday. Meanwhile, the United States Dollar Index added 0.05 of a point at 101.71. Crude oil was down due to concerns over China’s economic recovery. Brent crude

By MarketsFarm   WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar strengthened ahead of the weekend on Friday, taking some direction from crude oil. The Canadian dollar settled at US$0.7365 or US$1=C$1.3578 on Friday, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Canada’s real gross domestic product was up by 0.1 per cent in