Currency markets

By MarketsFarm WINNIPEG, Sep. 26 (MarketsFarm) – The Canadian dollar was weaker on Monday, falling to its lowest level since May 2020 relative to its United States counterpart. The Canadian dollar settled at US$0.7291 or US$1=C$1.3716 on Monday, which compares with Friday’s close of US$0.7369 or US$1=C$1.3570. Preliminary trade data for August showed that Canadian

WINNIPEG – The Canadian dollar ended the week lower on Friday after a day of recession fear-based selling rattled the markets. The loonie closed at US$0.7369 or US$1=C$1.3570, down from US$0.7418 or US$1=C$1.3480 on Thursday. Meanwhile, Statistics Canada announced that retail sales fell 2.5 per cent to C$61.3 billion in July, the first monthly decline

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar remained on its downward slide Friday morning, as the United States dollar continued to surge upward. As of 8:38 am CDT, the Canadian dollar was at US$0.7370 or C$1.3567, compared to Thursday’s close of US$0.7418 or C$1.3480. On the U.S. Dollar Index,

WINNIPEG – The Canadian dollar was lower on Thursday due to a stronger United States greenback. The loonie was at US$0.7416 or US$1=C$1.3484 as of 3:38 p.m. CDT on Thursday, down from US$0.7464 or US$1=C$1.3397 on Wednesday. The Bank of Canada (BoC) did not publish its exchange rate at press time. The United States Dollar

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was still losing ground on Wednesday morning as the United States dollar resumed its upward trajectory. Gains in crude oil prices tempered further decreases. As of 8:37 am CDT, the Canadian dollar was at US$0.7418 or C$1.3482, compared to Wednesday’s close of

WINNIPEG – The Canadian dollar closed lower on Wednesday after comments from Russian President Vladimir Putin as well as the United States Federal Reserve’s policy rate increase rattled markets. The loonie closed at US$0.7464 or US$1=C$1.3397 on Wednesday, down from US$0.7493 or US$1=C$1.3345 on Tuesday. The United States Dollar Index jumped 1.07 points to 111.29,

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar slipped further downward on Wednesday morning as the United States dollar gained more strength. As of 8:35 am CDT, the Canadian dollar was at US$0.7466 or C$1.3390, compared to Tuesday’s close of US$0.7493 or C$1.3345. On the U.S. Dollar Index, the greenback

WINNIPEG – The Canadian dollar closed at a low unseen since November 2020 on Tuesday, hours after the release of a pair of reports from Statistics Canada. The loonie closed at US$0.7493 or US$1=C$1.3345 on Tuesday, down from US$0.7526 or US$1=C$1.3288 on Monday. The national data agency reported that the yearly inflation rate declined to

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar gave up more ground to its United States counterpart on Tuesday morning. As of 8:36 am CDT, the Canadian dollar was at US$0.7499 or C$1.3335, compared to Monday’s close of US$0.7526 or C$1.3288. On the U.S. Dollar Index, the greenback pushed higher

WINNIPEG – The Canadian dollar was mostly unchanged from its exchange rate prior to the weekend. The loonie closed at US$0.7526 or US$1=C$1.3288 on Monday, down from US$0.7527 or US$1=C$1.3285 on Friday. The United States Dollar Index declined 0.15 of a point to 109.62. The U.S. Federal Reserve is expected to raise its key interest