Currency markets

Compiled by MarketsFarm WINNIPEG, Feb. 6 (MarketsFarm) – The Canadian dollar lost ground to its United States counterpart on Monday, although declines were tempered by upticks in crude oil prices. The loonie closed at US$0.7439 or US$1=C$1.3442, compared to Friday’s close of US$0.7468 or US$1=C$1.3391. On the U.S. Dollar Index, the greenback increased 0.755 of

By MarketsFarm WINNIPEG, Feb. 6 (MarketsFarm) – The Canadian dollar fell back on Monday morning as the United States dollar gained strength. However, the losses were tempered by increases in crude oil prices. As of 8:34 am CST, the loonie was at US$0.7444 or C$1.3434, compared to Friday’s close of US$0.7468 or US$1=C$1.3391. On the

By MarketsFarm   WINNIPEG, Feb. 3 (MarketsFarm) – The Canadian dollar was weaker on Friday as currency markets reacted to the latest jobs data out of the United States. The Canadian dollar settled at US$0.7468 or US$1=C$1.3391 on Thursday, which compares with Thursday’s close of US$0.7512 or US$1=C$1.3312. Nonfarm payrolls in the U.S. saw an

By MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as better-than-expected jobs data out of the United States led to broad strength in the U.S. dollar internationally. At 8:52 a.m. CST Friday morning the Canadian dollar was at US$0.7465 or US$1=C$1.3396, which compares with Thursday’s close of US$0.7512 or US$1=C$1.3312.

By MarketsFarm   WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, as investors squared positions ahead of updated employment data out on Friday. The Canadian dollar settled at US$0.7512 or US$1=C$1.3312 on Thursday, which compares with Wednesday’s close of US$0.7507 or US$1=C$1.3321. An estimated C$10.3 billion worth of building permits

By MarketsFarm   WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, lacking any clear direction. At 8:46 a.m. CST Thursday morning the Canadian dollar was at US$0.7505 or US$1=C$1.3324, which compares with Wednesday’s close of US$0.7507 or US$1=C$1.3321. An estimated C$10.3 billion worth of building permits were issued in Canada

By MarketsFarm   WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar showed some modest strength on Wednesday, as investors reacted to the latest interest rate decision out of the United States. The Canadian dollar settled at US$0.7507 or US$1=C$1.3321 on Wednesday, which compares with Tuesday’s close of US$0.7491 or US$1=C$1.3350. The U.S. Federal Reserve upped

By MarketsFarm   WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar was firmer Wednesday morning, as currency traders adjusted positions ahead of an interest rate announcement from the United States Federal Reserve. At 8:40 a.m. CST Wednesday morning the Canadian dollar was at US$0.7513 or US$1=C$1.3310, which compares with Tuesday’s close of US$0.7491 or US$1=C$1.3350.

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, as the country’s latest gross domestic product data met expectations. The Canadian dollar settled at US$0.7491 or US$1=C$1.3350 on Tuesday, which compares with Monday’s close of US$0.7487 or US$1=C$1.3356. Canada’s economy grew by 0.1 per cent in November compared

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, seeing a continuation of Monday’s declines as currency traders position themselves ahead of an upcoming interest rate announcement from the United States Federal Reserve. At 8:38 a.m. CST Tuesday morning the Canadian dollar was at US$0.7455 or US$1=C$1.3414, which compares