Currency markets

WINNIPEG – The Canadian dollar is consolidating Thursday’s gains after receiving good economic news on Friday. As of 8:34 a.m. CDT, the loonie was at US$0.8043 or US$1=C$1.2433, compared to US$0.8032 or US$1=C$1.2450 when markets closed on Thursday. Statistics Canada reported Friday morning that Canada’s economy grew at an annualized rate of 2.5 per cent

By MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was sharply stronger on Thursday, hitting its highest levels in two weeks relative to its United States counterpart. The Canadian dollar closed at US$0.8032 or US$1=C$1.2450 on Thursday, which compares with Wednesday’s North American close of US$0.7958 or US$1=C$1.2566. Optimism in the Canadian economy, along

WINNIPEG – The Canadian dollar surpassed the 80-cent United States mark on Thursday. As of 9:02 a.m. CDT, the loonie was at US$0.8016 or US$1=C$1.2475, compared to US$0.7958 or US$1=C$1.2566 when markets closed on Wednesday. This was despite the U.S. Commerce Department reporting that the U.S. economy grew at an annualized rate of 6.5 per

By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday, finding some support from the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar closed at US$0.7958 or US$1=C$1.2566 on Wednesday, which compares with Tuesday’s North American close of US$0.7950 or US$1=C$1.2578. The Fed left its

WINNIPEG – The Canadian dollar retreated on Wednesday after Statistics Canada reported the annual inflation rate in June was 3.1 per cent, lower than the 3.6 per cent reported for May. As of 8:49 a.m. CDT, the loonie was at US$0.7940 or US$1=C$1.2594, compared to US$0.7950 or US$1=C$1.2578 when markets closed on Tuesday. Crude oil

By MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as weakness in Chinese equity markets and general economic uncertainty had investors booking profits. The Canadian dollar closed at US$0.7950 or US$1=C$1.2578 on Tuesday, which compares with Monday’s North American close of US$0.7969 or US$1=C$1.2549. Positioning ahead of Wednesday’s interest

WINNIPEG – The Canadian dollar stepped back on Tuesday after a sell-off in the Chinese market and a record low for United States treasury bond yields dampened the economic outlook. As of 8:54 a.m. CDT, the loonie was at US$0.7948 or US$1=C$1.2582, compared to US$0.7969 or US$1=C$1.2549 when markets closed on Monday. Crude oil was

By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was stronger on Monday, with a weaker tone in the United States dollar ahead of a number of key earnings reports later in the week behind some of the relative strength. The Canadian dollar closed at US$0.7969 or US$1=C$1.2549 on Monday, which compares with Friday’s

WINNIPEG – The Canadian dollar slightly increased, getting closer to 80 cents United States on Monday. As of 8:54 a.m. CDT, the loonie was at US$0.7964 or US$1=C$1.2557, compared to US$0.7952 or US$1=C$1.2575 when markets closed on Friday. Crude oil was mostly steady on Monday. Brent crude oil increased one U.S. cent per barrel to

WINNIPEG – The Canadian dollar held steady to close the week higher on Friday after three straight weekly declines. The loonie was at US$0.7952 or US$1=C$1.2575 on Friday, down from Thursday’s close at US$0.7957 or US$1=C$1.2567. This morning, Statistics Canada reported that retail sales in May went down by 2.1 per cent compared to April,