Currency markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar continued ease back further on Wednesday morning, on the pretext that the Bank of Canada (BoC) will follow the United States Federal Reserve in boosting its key interest rate by 75 basis points to 2.25 per cent. The latter is scheduled to

By MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as expectations for an aggressive interest rate hike from the United States Federal Reserve circulated the financial markets. The Canadian dollar closed at US$0.7728 or US$1=C$1.2940 on Tuesday, which compares with Monday’s North American close of US$0.7777 or US$1=C$1.2859. The U.S.

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar retreated further on Tuesday morning despite a lower United States dollar and higher crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7730 or C$1.2933, compared to Monday’s close of US$0.7777 or C$1.2859. On the U.S. Dollar Index,

By MarketsFarm WINNIPEG, June 13 (MarketsFarm) – The Canadian dollar was weaker on Monday, seeing a continuation of last week’s losses relative to its United States counterpart. The Canadian dollar closed at US$0.7777 or US$1=C$1.2859 on Monday, which compares with Friday’s North American close of US$0.7827 or US$1=C$1.2777. Expectations for a U.S. interest rate hike

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – In adding to the sharp declines on Friday, the Canadian dollar continued pulling back on Monday morning. The loonie was being pushed lower by a surging United States dollar and weakness in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar tumbled on Friday as the United States dollar surged upward and crude oil prices slid further. However, improvements to Canada’s rate of unemployment helped to temper further declines. The loonie closed at US$0.7827 or US$1=C$1.2777, compared to Thursday’s close of US$0.7909 or

By MarketsFarm WINNIPEG, June 10 (MarketsFarm) The Canadian dollar was weaker Friday morning, seeing a continuation of Thursday’s sharp drop relative to its United States counterpart as U.S. inflation hit its highest level in over 40 years. At 8:42 a.m. CDT Friday morning the Canadian dollar was at US$0.7824 or C$1.2781 which compares with Thursday’s

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar retreated on Thursday, marking the biggest one-day loss in 10 months. A surge in the United States dollar and weaker crude oil prices end the loonie’s steady climb. The loonie closed at US$0.7909 or US$1=C$1.2644, compared to Wednesday’s close of US$0.7974 or

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil and world equity markets helped take the currency off its recently hit seven-week highs. At 8:46 a.m. CDT Thursday morning the Canadian dollar was at US$0.7947 or C$1.2583 which compares with Wednesday’s North American close of

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar nudged up a little high for the third consecutive day on Wednesday, spurred on by rising crude oil prices, but tempered by a stronger United States dollar. The loonie closed at US$0.7974 or US$1=C$1.2540, compared to Tuesday’s close of US$0.7965 or US$1=C$1.2555.