Currency markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – The Canadian dollar was pulling back on Monday morning, due to a stronger United States dollar and weakness in crude oil prices. As of 8:35 am CDT, the Canadian dollar was at US$0.7500 or C$1.3330, compared to Friday’s close of US$0.7527 or C$1.3285. On the

By MarketsFarm WINNIPEG, Sep. 16 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its softest level in nearly two years relative to its United States counterpart as investors continued to back away from riskier assets ahead of the weekend. The Canadian dollar settled at US$0.7527 or US$1=C$1.3285 on Friday, which compares with Thursday’s

WINNIPEG – After plunging to its lowest point since November 2020, the Canadian dollar was exploring further depths on Friday morning. As of 8:39 a.m. CDT, the loonie was at US$0.7518 or US$1=C$1.3301, compared to US$0.7576 or US$1=C$1.3200 on Thursday. The United States Dollar Index jumped 0.31 of a point at 110.05, ahead of the

By MarketsFarm WINNIPEG, Sep. 15 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as investors backed away from riskier assets and the United States dollar saw broad global strength. The Canadian dollar settled at US$0.7576 or US$1=C$1.3200 on Thursday, which compares with Wednesday’s close of US$0.7595 or US$1=C$1.3166. Losses in crude oil contributed to

WINNIPEG – The Canadian dollar was slightly lower on Thursday morning. As of 8:41 a.m. CDT, the loonie was at US$0.7575 or US$1=C$1.3201, compared to US$0.7595 or US$1=C$1.3166 on Wednesday. A labour disruption involving multiple railways in the United States and unions representing more than 100,000 workers was averted on Thursday after reaching a tentative

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar fell back by a third of a cent on Wednesday, as the United States dollar remained strong. The loonie closed at US$0.7595 or US$1=C$1.3166, compared to Tuesday’s close of US$0.7628 or US$1=C$1.3110. On the U.S. Dollar Index, the greenback dipped 0.163 of

WINNIPEG – The Canadian dollar continued its downturn on Wednesday morning. As of 8:37 a.m. CDT, the loonie was at US$0.7585 or US$1=C$1.3184, compared to US$0.7628 or US$1=C$1.3110 on Tuesday. The United States Labor Department reported on Wednesday that the producer price index (PPI) for final demand decreased 0.1 per cent in August, but excluding

By MarketsFarm WINNIPEG, Sep. 13 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as inflation data out of the United States raised expectations for continued U.S. interest rate hikes. The Canadian dollar settled at US$0.7628 or US$1=C$1.3110 on Tuesday, which compares with Monday’s close of US$0.7704 or US$1=C$1.2980. The U.S. Consumer Price Index was

WINNIPEG – The Canadian dollar went back below 77 United States cents on Tuesday after the release of a report by the U.S. Labor Department. As of 8:42 a.m. CDT, the loonie was at US$0.7645 or US$1=C$1.3080, compared to US$0.7704 or US$1=C$1.2980 on Monday. The Labor Department reported that the consumer price index increased 0.1

By MarketsFarm WINNIPEG, Sep. 12 (MarketsFarm) – The Canadian dollar was stronger on Monday, as bullish technical signals and gains in crude oil helped the currency move to its highest level in two weeks relative to its United States counterpart. The Canadian dollar settled at US$0.7704 or US$1=C$1.2980 on Monday, which compares with Friday’s close