Currency markets

By MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – The Canadian dollar was stronger Friday morning as the loonie’s United States counterpart was lower. As of 8:40 CST, the Canadian dollar was at US$0.7919 or C$1.2630, compared to Thursday’s close of US$0.7876 or C$1.2696. On the U.S. Dollar Index, the greenback backtracked 0.285 at 90.315 points. Benchmark

By MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – The Canadian dollar was slightly firmer relative to its United States counterpart on Thursday, but lacked any clear direction in narrow, range-bound activity. The Canadian dollar closed at US$0.7876 or US$1=C$1.2696, which compares with Wednesday’s North American close US$0.7867 or US$1=C$1.2712. Crude oil was softer on Thursday, putting

WINNIPEG, Feb. 18 (MarketsFarm) – The Canadian dollar was mostly steady on Thursday morning with gains from rising oil prices cancelled out by newly-released data revealing an increase in both housing prices in Canada and jobless claims stateside in January. As of 8:30 a.m. CST, the Canadian dollar was at US$0.7876 or US$1=C$1.2693, compared to

By MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – The Canadian dollar was slightly weaker relative to its United States counterpart on Wednesday, as the currency markets reacted to better-than-expected U.S. retail sales. The Canadian dollar closed at US$0.7867 or US$1=C$1.2712, which compares with Tuesday’s North American close US$0.7884 or US$1=C$1.2684. U.S. retail sales were up by

WINNIPEG, Feb. 17 (MarketsFarm) – The Canadian dollar stepped back on Wednesday morning after news that Canada’s inflation rate rose to one per cent in January. As of 8:30 a.m. CST, the Canadian dollar was at US$0.7856 or US$1=C$1.2734, compared to Tuesday’s close of US$0.7884 or US$1=C$1.2684. The brutal cold snap which shut down refineries

By MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, but off its highs relative to its United States counterpart for the day. The Canadian dollar closed at US$0.7884 or US$1=C$1.2684, which compares with Friday’s North American close US$0.7867 or US$1=C$1.2711. Gains in crude oil provided underlying support for the energy-linked

WINNIPEG, Feb. 16 (MarketsFarm) – The Canadian slightly inched upward on Tuesday morning as oil prices continued to rise after extremely cold weather hit most of North America over the weekend. As of 8:32 a.m. CST, the Canadian dollar was at US$0.7880 or US$1=C$1.2688, compared to Friday’s close of US$0.7867 or US$1=C$1.2711. After a brutal

WINNIPEG, Feb. 12 (MarketsFarm) – The Canadian dollar tumbled on Friday as oil prices returned to the upward movement they had previously seen over the past week. The loonie finished at US$0.7867 or US$1=C$1.2711, compared to Thursday’s close of US$0.7883 or US$1=C$1.2686. On the U.S. Dollar Index, the greenback stayed mostly still at 90.440 points.

By MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The Canadian dollar was weaker Friday morning, seeing a correction after hitting its highest levels in three weeks relative to its United States counterpart on Thursday. At 8:40 CST Friday morning the Canadian dollar was at US$0.7839 or US$1=C$1.2757 which compares with Thursday’s North American close of US$0.7883

WINNIPEG, Feb. 11 (MarketsFarm) – The Canadian dollar remained virtually unchanged on Thursday as oil and stocks fell due to slightly bearish post-pandemic predictions for the economy. The loonie finished at US$0.7883 or US$1=C$1.2689, compared to Tuesday’s close of US$0.7881 or US$1=C$1.2686. On the U.S. Dollar Index, the greenback stayed mostly still at 90.410 points.