Currency markets

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held steady on Thursday, as support from broad weakness in the United States dollar index internationally was countered by the bearish influence of declines in crude oil. The Canadian dollar settled at US$0.7780 or US$1=C$1.2854 on Thursday, which compares with Wednesday’s close of US$0.7780 or

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil weighed on the energy-linked currency. At 8:54 a.m. CDT Thursday morning the Canadian dollar was at US$0.7770 or US$1=C$1.2870, which compares with Wednesday’s close of US$0.7780 or US$1=C$1.2853. Canada’s merchandise exports increased by 2.0 per

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar held steady on Wednesday, largely ignoring a downturn in crude oil. The Canadian dollar settled at US$0.7780 or US$1=C$1.2853 on Friday, which compares with Tuesday’s close of US$0.7778 or US$1=C$1.2856. Strength in world equity markets and expectations for continued interest rate hikes in Canada helped

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was slightly firmer relative to its United States counterpart Wednesday morning, as world equity and energy markets stabilized. At 9:05 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7790 or US$1=C$1.2837, which compares with Tuesday’s close of US$0.7778 or US$1=C$1.2856. Tensions between the U.S.

By MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as world financial markets reacted to a visit by United States House of Representatives Speaker Nancy Pelosi to Taiwan. The Canadian dollar settled at US$0.7778 or US$1=C$1.2856 on Friday, which compares with Friday’s close of US$0.7798 or US$1=C$1.2824. Canadian markets were

By MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar was slightly weaker relative to its United States counterpart Tuesday morning. At 8:37 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7780 or US$1=C$1.2853, which compares with Friday’s close of US$0.7798 or US$1=C$1.2824. Canadian markets were closed Monday. Crude oil was also holding near

WINNIPEG – The Canadian dollar moved closer to 78 United States cents on Friday despite some unwelcome news about the economy. The loonie closed at US$0.7798 or US$1=C$1.2824, up from US$0.7791 or US$1=C$1.2835 on Thursday. Statistics Canada reported on Friday that the country’s GDP stayed put last May, while also estimating a 0.1 per cent

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was a relatively steady on Friday morning, as the United States dollar gain some strength, but that was tempered by higher crude oil prices. Also, Statistics Canada reported on Friday that the country’s economy was flat in May and that its projection

WINNIPEG – The Canadian dollar rebounded on Thursday as the United States dollar weakened after a report on that country’s economy. The loonie rose to its highest level since June 10, closing at US$0.7791 or US$1=C$1.2835, up from US$0.7769 or US$1=C$1.2872 on Wednesday. The U.S. Dollar Index eased off 0.22 of a point to 106.23.

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The day after the United States Federal Reserve announced a 75-basis point hike in its key interest rate, the Department of Commerce said on Thursday the country’s gross domestic product