Currency markets

WINNIPEG – The Canadian dollar made more gains on Thursday due to higher crude oil prices and a weakening United States dollar. The loonie closed at US$0.7841 or US$1=C$1.2753, up from US$0.7819 or US$1=C$1.2789 on Wednesday. The U.S. Dollar Index eased off 0.02 of a point to 105.18. Crude oil prices rallied on Thursday as

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s rally as gains in crude oil provided support. At 9:22 a.m. CDT Thursday morning the Canadian dollar was at US$0.7850 or US$1=C$1.2739, which compares with Wednesday’s close of US$0.7819 or US$1=C$1.2789. Citing COVID-19 restrictions and geopolitical

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as currency markets reacted to updated inflation data out of the United States. The Canadian dollar settled at US$0.7819 or US$1=C$1.2789 on Wednesday, which compares with Tuesday’s close of US$0.7764 or US$1=C$1.2880. The U.S. Consumer Price Index was up by 8.5

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning as financial markets reacted to updated inflation data out of the United States. At 9:12 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7800 or US$1=C$1.2821, which compares with Tuesday’s close of US$0.7764 or US$1=C$1.2880. U.S. consumer prices held steady

By MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, with a declining appetite for risk in the global financial markets reportedly putting some pressure on the currency. The Canadian dollar settled at US$0.7764 or US$1=C$1.2880 on Tuesday, which compares with Monday’s close of US$0.7778 or US$1=C$1.2857. Weakness in crude

By MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, lacking any clear direction as the currency saw some stability after Monday’s gains. At 8:58 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7780 or US$1=C$1.2853, which compares with Monday’s close of US$0.7778 or US$1=C$1.2857. Crude oil was firmer

By MarketsFarm WINNIPEG, Aug. 8 (MarketsFarm) – The Canadian dollar was stronger on Monday, taking back most of Friday’s losses as crude oil also recovered from its own declines. The Canadian dollar settled at US$0.7778 or US$1=C$1.2857 on Monday, which compares with Friday’s close of US$0.7732 or US$1=C$1.2934. Expectations that the Bank of Canada could

By MarketsFarm WINNIPEG, Aug. 8 (MarketsFarm) – The Canadian dollar was stronger Monday morning, seeing a recovery to start the week after Friday’s losses. At 9:21 a.m. CDT Monday morning the Canadian dollar was at US$0.7780 or US$1=C$1.2853, which compares with Friday’s close of US$0.7732 or US$1=C$1.2934. Broad gains in outside equity and energy markets

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was weaker on Friday as currency markets reacted to the latest North American jobs data. The Canadian dollar settled at US$0.7732 or US$1=C$1.2934 on Friday, which compares with Thursday’s close of US$0.7780 or US$1=C$1.2854. Canada’s unemployment rate held steady at 4.9 per cent in July,

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as weakness in crude oil weighed on the energy-linked currency. Diverging jobs data from the United States and Canada added to the softer tone. At 8:53 a.m. CDT Friday morning the Canadian dollar was at US$0.7710 or US$1=C$1.2970, which compares with