Currency markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The Canadian dollar was lower on Wednesday morning, due to pressure from a stronger United States dollar and lower crude oil prices. As of 8:37 am CST, the Canadian dollar was at US$0.7423 or C$1.3470, compared to Tuesday’s close of US$0.7440 or C$1.3441. On the

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar tacked on nearly three-tenths of a United States cent on Tuesday, largely due to weakness in the U.S. dollar. The loonie closed at US$0.7440 or US$1=C$1.3441, compared to Monday’s close of US$0.7411 or US$1=C$1.3493. As voting in the mid-term elections carried on

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, balanced off between upticks in the United States dollar and declines in crude oil. As of 8:34 am CST, the Canadian dollar was at US$0.7413 or C$1.3490, compared to Monday’s close of US$0.7411 or C$1.3493. On

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as support from a weaker United States dollar outweighed pressure from lower crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7415 or C$1.3486, compared to Friday’s close of US$0.7398 or C$1.3517.

By MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was sharply stronger on Friday, as a rally in crude oil and solid jobs data provided support. The Canadian dollar settled at US$0.7398 or US$1=C$1.3517 on Friday, which compares with Thursday’s close of US$0.7273 or US$1=C$1.3749. Canada’s economy added 108,000 jobs in October, with the

By MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was sharply stronger Friday morning, boosted by solid domestic jobs data and a rally in crude oil. At 8:41 a.m. CDT Friday morning the Canadian dollar was at US$0.7390 or US$1=C$1.3532, which compares with Thursday’s close of US$0.7273 or US$1=C$1.3749. Canada’s economy added 108,000 jobs

By MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as global recessionary fears and losses in crude oil weighed on the currency. The Canadian dollar settled at US$0.7273 or US$1=C$1.3749 on Thursday, which compares with Wednesday’s close of US$0.7337 or US$1=C$1.3630. Expectations for more interest rate hikes from the United

By MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was sharply weaker Thursday morning, dropping by nearly a full cent relative to its United States counterpart. At 8:50 a.m. CDT Thursday morning the Canadian dollar was at US$0.7250 or US$1=C$1.3793, which compares with Wednesday’s close of US$0.7337 or US$1=C$1.3630. Canada’s merchandise trade surplus widened

By MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was slightly weaker on Wednesday, as rising interest rates in the United States weighed on equity markets. The Canadian dollar settled at US$0.7337 or US$1=C$1.3630 on Tuesday, which compares with Tuesday’s close of US$0.7345 or US$1=C$1.3614. The U.S. Federal Reserve raised interest rates by 75

By MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning, as the currency markets await the latest interest rate announcement from the United States Federal Reserve. At 8:41 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7350 or US$1=C$1.3605, which compares with Tuesday’s close of US$0.7345 or US$1=C$1.3614.