Currency markets

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.

By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning, seeing a modest correction after hitting its highest level in six weeks relative to its United States counterpart on Tuesday. At 9:07 a.m. CST Tuesday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Monday’s close

By MarketsFarm WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger on Monday, as a move by China to reopen its borders led to some increased optimism in global financial markets. The Canadian dollar settled at US$0.7476 or US$1=C$1.3376 on Monday, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building

By MarketsFarm   WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger Monday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Monday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building permits issued in Canada climbed by 14.1

WINNIPEG – The Canadian dollar jumped on Friday to its highest close in more than a month after the release of supportive economic data from Statistics Canada (StatCan). The loonie closed at US$0.7415 or US$1=C$1.3486, up from US$0.7372 or US$1=C$1.3564 on Thursday. On Friday, StatCan reported that 104,000 jobs were added to the Canadian economy

WINNIPEG – The Canadian dollar made a slight gain on Friday morning after the release of positive economic news from Statistics Canada (StatCan). The loonie was at US$0.7391 or US$1=C$1.3530, up from US$0.7372 or US$1=C$1.3564 at Thursday’s close. StatCan reported on Friday that the Canadian economy added 104,000 jobs in December while also cutting the

WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday. The loonie closed at US$0.7372 or US$1=C$1.3564, down from US$0.7403 or US$1=C$1.3508 on Wednesday. The U.S. Dollar Index gained 0.91 of a point at 105.15. Crude oil prices rebounded on Thursday as the market corrected itself amid new COVID-19 infections in China.

WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday morning. The loonie was at US$0.7386 or US$1=C$1.3539, down from US$0.7403 or US$1=C$1.3508 at Wednesday’s close. Statistics Canada (StatCan) reported on Thursday that the country recorded a trade deficit of C$41 million last November due to a decline in energy exports, which

WINNIPEG – The Canadian dollar regained upward momentum on Wednesday to reach a month-long high. The loonie closed at US$0.7403 or US$1=C$1.3508, up from US$0.7322 or US$1=C$1.3658 on Tuesday. The last time the Canadian dollar closed above 74 United States cents was on Dec. 2, 2022. The U.S. Dollar Index declined 0.26 of a point