Currency markets

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,

By MarketsFarm WINNIPEG, Sep. 7 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning as losses in crude oil weighed on the currency ahead of a Bank of Canada interest rate announcement. At 8:37 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7570 or US$1=C$1.3210, which compares with Tuesday’s close of US$0.7611 or US$1=C$1.3139.

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