Currency markets

By MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, lacking any clear direction as investors squared positions ahead of the weekend. At 8:40 a.m. CDT Friday morning the Canadian dollar was at US$0.7700 or US$1=C$1.2987, which compares with Thursday’s close of US$0.7701 or US$1=C$1.2986. While employment in Canada was

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was stronger on Thursday, with the oil-linked currency benefitting from higher crude oil prices. The loonie closed at US$0.7701 or US$1=C$1.2986, compared to Wednesday’s close of US$0.7665 or US$1=C$1.3047. On the U.S. Dollar Index, the greenback nudged up 0.022 of a point

By MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning, as gains in crude oil and other outside markets provided some support. At 8:41 a.m. CDT Thursday morning the Canadian dollar was at US$0.7690 or US$1=C$1.3004, which compares with Wednesday’s close of US$0.7665 or US$1=C$1.3047. In domestic trade data, Canada’s

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar dipped slightly on Wednesday, despite great pressure from a stronger United States dollar and weaker crude oil prices to pull it lower. The loonie closed at US$0.7665 or US$1=C$1.3047, compared to Tuesday’s close of US$0.7670 or US$1=C$1.3038. On the U.S. Dollar Index,

By MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, seeing a modest correction after falling to its weakest level in 20 months relative to its United States counterpart. At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7680 or US$1=C$1.3021, which compares with Tuesday’s close of US$0.7670

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 5 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, dropping sharply as the United States dollar strengthened while crude oil prices tumbled. The loonie closed at US$0.7670 or US$1=C$1.23038, compared to Monday’s close of US$0.7772 or US$1=C$1.2867. On the U.S. Dollar Index, the greenback surged ahead 1.411

By MarketsFarm WINNIPEG, July 5 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as a downturn in crude oil weighed on the energy-linked currency. At 8:44 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7690 or US$1=C$1.3004, which compares with Monday’s close of US$0.7772 or US$1=C$1.2867. Concerns over a possible global recession were

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 4 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, as crude oil prices swung upward. Also underpinning the Canadian dollar was a Bank of Canada survey that found expectations of high inflation sticking around longer than initially believed. The loonie closed at US$0.7772 or US$1=C$1.2867, compared

By MarketsFarm WINNIPEG, July 4 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning in thin holiday trade. Markets in the United States were closed Monday for Independence Day, while Canadian markets had been closed Friday for Canada Day. At 8:39 a.m. CDT Monday morning the Canadian dollar was at US$0.7770 or US$1=C$1.2870, which

WINNIPEG – The Canadian dollar closed lower heading into the Canada Day weekend amid mixed economic data from Statistics Canada (StatCan). The loonie closed at US$0.7760 or US$1=C$1.2886, down from US$0.7765 or US$1=C$1.2878 on Wednesday. StatCan reported that Canada’s economy grew by 0.3 per cent in April, but preliminary data showed it contracted by 0.2