Currency markets

WINNIPEG – The Canadian dollar fell on Monday amidst lower oil prices, just one day after a federal election was called. As of 9:04 a.m. CDT, the loonie was at US$0.7956 or US$1=C$1.2569, compared to US$0.7991 or US$1=C$1.2514 when markets closed on Friday. A federal election for Sept. 20 was called on Sunday. Crude oil

WINNIPEG – The Canadian dollar held steady on Friday after a survey showed that consumer sentiment in the United States had plummeted. The loonie was at US$0.7991 or US$1=C$1.2514 on Friday, compared to Thursday’s close at US$0.7987 or US$1=C$1.2520. The University of Michigan revealed that its preliminary consumer sentiment index dropped to 70.2 in early

WINNIPEG, August 13 (MarketsFarm) – The Canadian dollar was unchanged on Friday, still close to 80 cents United States. As of 8:50 a.m. CDT, the loonie was at US$0.7987 or US$1=C$1.2520, same as when markets closed on Thursday. Crude oil slipped back on Friday. Brent crude oil declined US$0.22 per barrel to US$71.09. West Texas

WINNIPEG – The Canadian dollar was lower on Thursday after the release of economic data from the United States. The loonie was at US$0.7987 or US$1=C$1.2520 on Thursday, down from Wednesday’s close at US$0.7996 or US$1=C$1.2506. The U.S. Labor Department announced that producer prices increased 7.8 per cent over the past year, the largest rise

WINNIPEG – The Canadian dollar stayed steady on Thursday as it gets close to 80 cents United States. As of 8:51 a.m. CDT, the loonie was at US$0.7991 or US$1=C$1.2514, compared to US$0.7996 or US$1=C$1.2506 when markets closed on Wednesday. Crude oil declined slightly on Thursday. Brent crude oil slipped five cents per barrel to

WINNIPEG, August 11 (MarketsFarm) – The Canadian dollar nearly reached 80 cents United States on Wednesday on the strength of rising oil prices. The loonie was at US$0.7996 or US$1=C$1.2506 on Wednesday, up from Tuesday’s close at US$0.7974 or US$1=C$1.2540. The United States Dollar Index was down 0.16 points at 92.90. Benchmark crude oil prices

WINNIPEG, August 11 (MarketsFarm) – The Canadian dollar moved back above the 80-cent United States mark on Wednesday despite falling oil prices. As of 8:40 a.m. CDT, the loonie was at US$0.8001 or US$1=C$1.2498, compared to US$0.7974 or US$1=C$1.2540 when markets closed on Tuesday. Crude oil dropped on Wednesday. Brent crude oil slipped US$0.71 per

WINNIPEG – The Canadian dollar strengthened on Tuesday as oil prices recovered. The loonie was at US$0.7974 or US$1=C$1.2540 on Tuesday, up from Monday’s close at US$0.7959 or US$1=C$1.2565. Earlier in the day, the United States Senate passed a US$1 trillion infrastructure bill investing in roads and bridges. The United States Dollar Index was up

WINNIPEG – The Canadian dollar is virtually unchanged on Tuesday while oil makes a comeback after the previous day’s losses. As of 8:54 a.m. CDT, the loonie was at US$0.7961 or US$1=C$1.2561, compared to US$0.7959 or US$1=C$1.2565 when markets closed on Monday. Crude oil rebounded on Tuesday after weakening on Monday due to new COVID-19

WINNIPEG – The Canadian dollar slightly weakened on Monday despite a marked drop in oil prices. The loonie was at US$0.7959 or US$1=C$1.2565 on Monday, down from Friday’s close at US$0.7968 or US$1=C$1.2550. The United States Dollar Index was up 0.18 points at 92.98. Benchmark crude oil prices fell on Monday due to new COVID-19