Currency markets

WINNIPEG – The Canadian dollar continued its downturn on Wednesday morning. As of 8:37 a.m. CDT, the loonie was at US$0.7585 or US$1=C$1.3184, compared to US$0.7628 or US$1=C$1.3110 on Tuesday. The United States Labor Department reported on Wednesday that the producer price index (PPI) for final demand decreased 0.1 per cent in August, but excluding

By MarketsFarm WINNIPEG, Sep. 13 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as inflation data out of the United States raised expectations for continued U.S. interest rate hikes. The Canadian dollar settled at US$0.7628 or US$1=C$1.3110 on Tuesday, which compares with Monday’s close of US$0.7704 or US$1=C$1.2980. The U.S. Consumer Price Index was

WINNIPEG – The Canadian dollar went back below 77 United States cents on Tuesday after the release of a report by the U.S. Labor Department. As of 8:42 a.m. CDT, the loonie was at US$0.7645 or US$1=C$1.3080, compared to US$0.7704 or US$1=C$1.2980 on Monday. The Labor Department reported that the consumer price index increased 0.1

By MarketsFarm WINNIPEG, Sep. 12 (MarketsFarm) – The Canadian dollar was stronger on Monday, as bullish technical signals and gains in crude oil helped the currency move to its highest level in two weeks relative to its United States counterpart. The Canadian dollar settled at US$0.7704 or US$1=C$1.2980 on Monday, which compares with Friday’s close

WINNIPEG – The Canadian dollar was higher on Monday, courtesy of a weakening United States greenback. As of 8:36 a.m. CDT, the loonie was at US$0.7703 or US$1=C$1.2982, compared to US$0.7672 or US$1=C$1.3035 on Friday. The U.S. Dollar Index lost 0.66 of a point at 108.34. The reversing U.S. dollar outweighed worldwide supply concerns, causing

WINNIPEG – The Canadian dollar ended the week on a positive note, hitting an 11-day high, despite negative economic news from Statistics Canada (StatCan). The loonie closed at US$0.7672 or US$1=C$1.3035, up from US$0.7624 or US$1=C$1.3116 on Thursday. StatCan released a report today saying that the country lost 39,700 jobs in August, raising the unemployment

By MarketsFarm WINNIPEG, Sep. 9 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as support from gains in crude oil countered soft domestic jobs data. At 8:39 a.m. CDT Friday morning the Canadian dollar was at US$0.7680 or US$1=C$1.3021, which compares with Thursday’s close of US$0.7620 or US$1=C$1.3116. Canada’s rate of unemployment grew by

WINNIPEG – The Canadian dollar moved back above the 76 United States cent mark on Thursday just one day after the Bank of Canada (BoC) raised its key interest rate. The loonie closed at US$0.7624 or US$1=C$1.3116, up from US$0.7596 or US$1=C$1.3164 on Wednesday. On Wednesday, Canada’s central bank raised its key interest rate by

By MarketsFarm WINNIPEG, Sep. 8 (MarketsFarm) – The Canadian dollar was slightly stronger Thursday morning, finding support from gains in crude oil. At 8:43 a.m. CDT Thursday morning the Canadian dollar was at US$0.7610 or US$1=C$1.3141, which compares with Wednesday’s close of US$0.7596 or US$1=C$1.3164. Wednesday’s move by the Bank of Canada to hike its

WINNIPEG – The Canadian dollar dropped below the 76 United States cent mark after the Bank of Canada (BoC) increased its key interest rate earlier today. The loonie closed at US$0.7596 or US$1=C$1.3164, down from US$0.7611 or US$1=C$1.3139 on Tuesday. For the fifth consecutive meeting, the BoC raised its key interest rate to tackle inflation,