Currency markets

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

By MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with investors said to be showing some caution ahead of an interest rate announcement from the United States Federal Reserve on Wednesday. General expectations are for the Fed to raise rates by 25 basis points, with the accompanying statement to

By MarketsFarm   WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:59 a.m. CST Monday morning the Canadian dollar was at US$0.7492 or US$1=C$1.3348, which compares with Friday’s close of US$0.7511 or US$1=C$1.3314. Crude oil was pressured by bearish

WINNIPEG – The Canadian dollar surpassed the 75 United States cent mark on Friday. The loonie closed at US$0.7511 or US$1=C$1.3314, up from US$0.7491 or US$1=C$1.3349 on Thursday. The last time the loonie closed above 75 U.S. cents was on Nov. 16, 2022. The United States Dollar Index gained 0.09 of a point at 101.93.

WINNIPEG – The Canadian dollar was inching its way closer to 75 United States cents on Friday morning. The loonie was at US$0.7498 or US$1=C$1.3337, up from US$0.7491 or US$1=C$1.3349 at Thursday’s close. The U.S. Dollar Index was up 0.27 of a point at 102.11. Crude oil continued to rally as optimism over Chinese demand

WINNIPEG – The Canadian dollar closed at its highest level since late November on Thursday. The loonie closed at US$0.7491 or US$1=C$1.3349, up from US$0.7467 or US$1=C$1.3393 on Wednesday. Statistics Canada (StatCan) reported on Thursday that Canadian job vacancies fell 2.4 per cent in November, lowering the number of vacant jobs at approximately 850,000. The

WINNIPEG – The Canadian dollar was on the rise Thursday morning. The loonie was at US$0.7501 or US$1=C$1.3332, up from US$0.7467 or US$1=C$1.3393 at Wednesday’s close. Yesterday, the Bank of Canada (BoC) raised its key interest rate by 25 basis points to 4.5 per cent, its highest level in 15 years. The United States Dollar

WINNIPEG – The Canadian dollar retreated on Wednesday as the Bank of Canada (BoC) announced its latest key interest rate hike. The loonie closed at US$0.7467 or US$1=C$1.3393, down from US$0.7479 or US$1=C$1.3370 on Tuesday. BoC increased its key interest rate by 25 basis points to 4.5 per cent, the eighth straight time the central

WINNIPEG – The Canadian dollar was virtually unchanged on Wednesday morning. The loonie was at US$0.7481 or US$1=C$1.3367, up from US$0.7479 or US$1=C$1.3370 at Tuesday’s close. The Bank of Canada (BoC) is expected to raise its key interest rate later today. The United States Dollar Index was up 0.02 of a point at 101.92. Crude

WINNIPEG – The Canadian dollar made a slight gain on Tuesday. The loonie closed at US$0.7479 or US$1=C$1.3370, up from US$0.7473 or US$1=C$1.3382 on Monday. The Bank of Canada (BoC) is expected to raise its key interest rate on Wednesday. The United States Dollar Index lost 0.19 of a point at 101.95. Crude oil prices