Currency markets

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was stronger Monday morning, as the energy-linked currency found support from advances in crude oil. At 8:40 a.m. CDT Monday morning the Canadian dollar was at US$0.7720 or US$1=C$1.2953, which compares with Friday’s close of US$0.7670 or US$1=C$1.3038. Canadian housing starts came in at 273,800

By MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was stronger on Friday, seeing a bit of a recovery after Thursday’s sharp drop relative to its United States counterpart. The Canadian dollar settled at US$0.7670 or US$1=C$1.3038 on Friday, which compares with Thursday’s North American close of US$0.7612 or US$1=C$1.3138. Canadian wholesale sales were

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was higher on Friday morning, due to the United States dollar easing back and an upswing in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was at US$0.7665 or C$1.3045, compared to Thursday’s close of US$0.7612 or C$1.3138.

WINNIPEG – The Canadian dollar fell hard on Thursday due to a strengthening United States dollar and fears of a recession later this year. The loonie closed at US$0.7612 or US$1=C$1.3138, down from US$0.7707 or US$1=C$1.2976 on Wednesday. Yesterday, the Bank of Canada (BoC) raised its key interest rate by one full point to 2.5

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – The Canadian dollar retreated Thursday morning, as the United States dollar surged upward and crude oil prices fell back. As of 8:34 am CDT, the Canadian dollar was at US$0.7573 or C$1.3211, compared to Wednesday’s close of US$0.7707 or C$1.2976. On the United States Dollar

By MarketsFarm WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar strengthened on Wednesday as the country’s central bank raised its key overnight interest rate by a full percentage point in an effort to curb rising inflation. The Canadian dollar settled at US$0.7707 or US$1=C$1.2976 on Wednesday, which compares with Tuesday’s North American close of US$0.7683

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar dipped on Wednesday morning, prior to an announcement from the Bank of Canada (BoC) regarding interest rates. As of 8:34 am CDT, the Canadian dollar was at US$0.7676 or C$1.3033, compared to Tuesday’s close of US$0.7683 or C$1.3015. Later this morning, BoC

By MarketsFarm WINNIPEG, July 12 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and concerns over a mounting global recession weighed on the currency. The Canadian dollar settled at US$0.7683 or US$1=C$1.3015 on Tuesday, which compares with Monday’s North American close of US$0.7692 or US$1=C$1.3000. The Bank of Canada

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – The Canadian dollar pulled back on Tuesday morning, in the face of a stronger United States dollar and a sharp drop in crude oil prices. As of 8:34 am CDT, the Canadian dollar was at US$0.7679 or C$1.3021, compared to Monday’s close of US$0.7692 or

By MarketsFarm WINNIPEG, July 11 (MarketsFarm) – The Canadian dollar was weaker on Monday, as weakness in global equity markets and broad strength in the United States dollar index weighed on the currency. The Canadian dollar was trading at US$0.7690 or US$1=C$1.3004 late Monday, which compares with Friday’s North American close of US$0.7711 or US$1=C$1.2968.