Currency markets

By MarketsFarm   WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as investors wait for the latest interest rate decision from the United States Federal Reserve. At 8:56 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7291 or US$1=C$1.3716, which compares with Tuesday’s close of US$0.7296 or US$1=C$1.3706. The

By MarketsFarm   WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar was slightly softer relative to its United States counterpart on Tuesday, as currency traders contemplated what the country’s easing rate of inflation will mean for upcoming interest rate decisions. The Canadian dollar settled at US$0.7296 or US$1=C$1.3706 on Tuesday, which compares with Monday’s close

By MarketsFarm   WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning as the country’s inflation rate slowed in the past month. At 8:45 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7319 or US$1=C$1.3663, which compares with Monday’s close of US$0.7313 or US$1=C$1.3674. Canada’s consumer price index was up

By MarketsFarm   WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar showed some modest strength to start the week, rising back above 73 U.S. cents. The Canadian dollar settled at US$0.7313 or US$1=C$1.3674 on Monday, which compares with Friday’s close of US$0.7281 or US$1=C$1.3734. Uncertainty in the global financial markets kept a cautious tone in

By MarketsFarm   WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar was stronger Monday morning, although broad global economic uncertainty kept some caution in the currency markets. At 8:44 a.m. CDT Monday morning the Canadian dollar was at US$0.7314 or US$1=C$1.3672, which compares with Friday’s close of US$0.7281 or US$1=C$1.3734. Credit Suisse was bought out

Compiled by MarketsFarm WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar nudged up a little on Friday getting support from a weaker United States dollar but declines in global crude oil prices prevented further upticks in the loonie. The Canadian dollar closed at US$0.7281 or US$1=C$1.3734, compared to Thursday’s close of US$0.7276 or US$1=C$1.3744. On

By MarketsFarm WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was slightly higher on Friday morning, benefitting from a pull back in the United States dollar, but that support was tempered by lower crude oil prices. As of 8:34 am CDT, the loonie was at US$0.7283 or C$1.3738, compared to Thursday’s close of US$0.7276 or

Compiled by MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar regained some lost ground on Thursday as there were small losses in the United States dollar and modest upticks in crude oil prices. Added to that, the recent banking crisis cooled somewhat after troubled financial institution Credit Suisse was allowed to borrow up to

By MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday morning as pressure from the banking crisis in the United States and Europe cooled off. As of 8:35 am CDT, the loonie was at US$0.7268 or C$1.3753, compared to Wednesday’s close of US$0.7258 or US$1=C$1.3778. On the United States Dollar

Compiled by MarketsFarm WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar felt the pressure from the banking crisis on Wednesday. Concerns over the failure of the Silicon Valley Bank and the Signature Bank in the United States were ramped up today as European bank Credit Suisse teetered on the verge of collapse. The loonie closed