Currency markets

WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was a pinch higher Tuesday morning, benefitting from a dip in the United States dollar, increases in crude oil prices and a positive report on inflation. As of 8:37 am CST, the loonie was at US$0.7468 or C$1.3391, compared to Monday’s close of US$0.7464 or C$1.3397. On

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – The Canadian dollar was a pinch higher on Monday despite pressure from a stronger United States dollar, declines in crude oil prices, and with expectations of a recession adding more weight. The Bank of Canada (BoC) released its quarterly survey on consumer expectations, which found

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – The Canadian dollar on the rise Monday morning, despite increases in the United States dollar and declines in crude oil prices. As of 8:40 am CST, the loonie was at US$0.7464 or C$1.3397, compared to Friday’s close of US$0.7459 or C$1.3406. On the U.S. Dollar

By MarketsFarm   WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, backing away from Thursday’s seven-week highs. A declining appetite for riskier assets was reportedly weighing on the currency, although both crude oil and the TSX were up on the day. The Canadian dollar settled at US$0.7459 or US$1=C$1.3406 on

By MarketsFarm   WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, seeing a modest correction from the seven-week highs relative to its United States counterpart hit the previous session. At 8:48 a.m. CST Friday morning the Canadian dollar was at US$0.7443 or US$1=C$1.3435, which compares with Thursday’s close of US$0.7475

By MarketsFarm   WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was stronger on Thursday, as currency traders reacted to softening inflation data out of the United States. The Canadian dollar settled at US$0.7475 or US$1=C$1.3378 on Thursday, which compares with Wednesday’s close of US$0.7449 or US$1=C$1.3425. The U.S. rate of inflation dipped to 6.5

By MarketsFarm   WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, retreating from early gains relative to its United States counterpart. At 9:10 a.m. CST Thursday morning the Canadian dollar was at US$0.7440 or US$1=C$1.3441, which compares with Wednesday’s close of US$0.7449 or US$1=C$1.3425. Broad weakness in the U.S. dollar internationally

By MarketsFarm   WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, seeing some consolidation after recent moves. The Canadian dollar settled at US$0.7449 or US$1=C$1.3425 on Wednesday, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. While gains in crude oil provided some support, uncertainty ahead of updated inflation data

By MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Wednesday morning the Canadian dollar was at US$0.7450 or US$1=C$1.3423, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. Easing COVID-19 restrictions in China and expectations for rising world oil

By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly softer on Tuesday, backing away from the six-week highs relative to its United States counterpart hit the previous session. The Canadian dollar settled at US$0.7451 or US$1=C$1.3421 on Tuesday, which compares with Monday’s close of US$0.7451 or US$1=C$1.3421. A speech by U.S.