Currency markets

WINNIPEG – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada (BoC) is expected to announce its latest key interest rate hike. The loonie closed at US$0.7611 or US$1=C$1.3139, down from US$0.7621 or US$1=C$1.3121 on Friday. The BoC did not publish an exchange rate on Monday due

By MarketsFarm WINNIPEG, Sep. 6 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning with positioning ahead of an upcoming Bank of Canada interest rate decision behind much of the activity. At 8:35 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7620 or US$1=C$1.3123, which compares with Friday’s close of US$0.7621 or

WINNIPEG – The Canadian dollar bounced back up on Friday after hitting a 22-month low the day before. The loonie closed at US$0.7621 or US$1=C$1.3121, up from US$0.7595 or US$1=C$1.3196 on Thursday, ending a week-long downturn. The U.S. Dollar Index declined 0.08 of a point to 109.61. Crude oil prices entered the Labour Day weekend

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 2 (MarketsFarm) – The Canadian dollar was higher on Friday morning, as the United States dollar shed some of its strength and global crude oil prices are on the rise. As of 8:34 am CDT, the Canadian dollar was at US$0.7620 or C$1.3124, compared to Thursday’s close of

WINNIPEG – The Canadian dollar hit a new low for the calendar year due to a stronger United States greenback and declines in crude oil prices. The loonie closed at US$0.7595 or US$1=C$1.3166, down from US$0.7627 or US$1=C$1.3111 on Wednesday. This is the first time the Canadian dollar closed below 76 United States cents since

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 1 (MarketsFarm) – The Canadian dollar was weaker on Thursday morning, as the United States dollar gained more strength and crude oil prices retreated further. As of 8:39 am CDT, the Canadian dollar was at US$0.7591 or C$1.3171, compared to Wednesday’s close of US$0.7627 or C$1.3111. On the

WINNIPEG – The Canadian dollar declined on Wednesday after the release of economic news from Statistics Canada (StatCan). The loonie closed at US$0.7627 or US$1=C$1.3111, down from US$0.7648 or US$1=C$1.3076 on Tuesday. The central data agency reported on Wednesday that Canada’s economy grew by an annual rate of 3.3 per cent in July, lower than

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – The Canadian dollar was lower on Wednesday morning, due to a slight rise in the United States dollar and losses in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was at US$0.7614 or C$1.3137, compared to Tuesday’s close of US$0.7648 or

WINNIPEG – The Canadian dollar fell on Tuesday along with crude oil prices. The loonie closed at US$0.7648 or US$1=C$1.3076, down from US$0.7687 or US$1=C$1.3009 on Monday. The United States Dollar Index was virtually unchanged, declining 0.05 of a point to 108.79. Crude oil prices took a tumble after Iraq’s state marketing company made assurances

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – The Canadian dollar was a pinch lower on Monday morning, as crude oil prices were down. However any further weakening of the loonie was tempered by the United States dollar shedding some of its strength. As of 8:35 am CDT, the Canadian dollar was at