Currency markets

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The Canadian dollar was higher on Thursday, after Bank of Canada Governor Tiff Macklem announced the central bank will increase interest rates before curtailing its holdings of government bonds. The loonie closed at US$0.7903 or US$1=C$1.2654, compared to Wednesday’s close of US$0.7889 or US$1=C$1.2676. On

WINNIPEG – The Canadian dollar was mostly steady on Thursday after a key interest rate decision by the Bank of Canada and welcome job data from the United States. As of 8:38 a.m. CDT, the loonie was at US$0.7895 or US$1=C$1.2666, compared to US$0.7889 or US$1=C$1.2676 when markets closed on Wednesday. The Bank of Canada

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The Canadian dollar fell back further on Wednesday, following an announcement by the Bank of Canada. The loonie closed at US$0.7889 or US$1=C$1.2676, compared to Tuesday’s close of US$0.7923 or US$1=C$1.2621. This came after Bank of Canada Governor Tiff Macklem announced its key interest rate

WINNIPEG – The Canadian dollar continued to drop on Wednesday morning ahead of a key interest rate decision by the Bank of Canada later today. As of 8:35 a.m. CDT, the loonie was at US$0.7887 or US$1=C$1.2679, compared to US$0.7923 or US$1=C$1.2621 when markets closed on Tuesday. Many analysts expect the Bank of Canada to

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as the United States dollar gained ground and crude oil prices slipped back. The loonie closed at US$0.7923 or US$1=C$1.2621, compared to Friday’s close of US$0.7988 or US$1=C$1.2518. The decline also came the day before the Bank of

WINNIPEG – The Canadian dollar came out of the Labour Day weekend lower on Tuesday as investors prepare for the latest key interest rate decision by the Bank of Canada tomorrow. As of 8:42 a.m. CDT, the loonie was at US$0.7947 or US$1=C$1.2583, compared to US$0.7988 or US$1=C$1.2518 when markets closed on Friday. Crude oil

WINNIPEG – The Canadian dollar found itself closer to the 80 cent United States mark on Friday due to an underwhelming U.S. jobs report. The loonie was at US$0.7988 or US$1=C$1.2518 on Friday, compared to Thursday’s close at US$0.7954 or US$1=C$1.2573. The U.S. Labor Department reported only 235,000 new jobs in August compared to 1.05

WINNIPEG – The Canadian dollar experienced another morning of gains on Friday due to a weakening United States dollar and an underwhelming jobs report from the U.S. Labor Department. Nonfarm payrolls only increased by 235,000 jobs in August, compared to a gain of 1.05 million in July. As of 8:40 a.m. CDT, the loonie was

WINNIPEG – The Canadian dollar bounced back on Thursday on the strength of a weakening United States dollar and higher crude oil prices. The loonie was at US$0.7954 or US$1=C$1.2573 on Thursday, compared to Wednesday’s close at US$0.7932 or US$1=C$1.2607. The United States Dollar Index was down 0.22 of a point at 92.23. Benchmark crude

WINNIPEG – The Canadian dollar held mostly steady on Thursday morning. As of 8:35 a.m. CDT, the loonie was at US$0.7935 or US$1=C$1.2602, compared to US$0.7932 or US$1=C$1.2607 when markets closed on Wednesday. Crude oil was higher on Thursday as refineries along the coast of the Gulf of Mexico continue to recover from Hurricane Ida.