Currency markets

By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as gains in crude oil and signs of an improving economy provided support. At 8:55 CST Friday morning the Canadian dollar was at US$0.7833 or US$1=C$1.2767 which compares with Thursday’s North American close of US$0.7806 or US$1=C$1.2810. Canada’s gross domestic product

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Thursday, but managed to settle off the five-week lows relative to its United States counterpart hit earlier in the session. The Canadian dollar closed at US$0.7806 or US$1=C$1.2810, which compares with Wednesday’s North American close US$0.7828 or US$1=C$1.2775. The currency had dipped

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency. The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as sharp losses in the equity markets had investors backing away from riskier assets. At 9:03 CST Wednesday morning the Canadian dollar was at US$0.7811 or US$1=C$1.2802 which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Declines in crude

By MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was higher on Tuesday, as its United States counterpart eased back. The loonie finished at US$0.7873 or US$1=C$1.2702, compared to Monday’s close of US$0.7851 or US$1=C$1.2738. On the U.S. Dollar Index, the greenback lost 0.223 at 90.150 points. Benchmark crude oil prices were mixed on

By MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was showing some modest strength Tuesday morning, recovering from the one-week lows relative to its United States counterpart hit on Monday. At 8:51 CST Tuesday morning the Canadian dollar was at US$0.7873 or US$1=C$1.2702 which compares with Monday’s North American close of US$0.7851 or US$1=C$1.2738.

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with uncertainty in the global equity markets causing investors to back away from riskier assets in favour of the United States dollar. The Canadian dollar closed at US$0.7851 or US$1=C$1.2738, which compares with Friday’s North American close of US$0.7864 or

By MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was holding relatively steady Monday morning, lacking any clear direction to start the week. At 8:39 CST Monday morning the Canadian dollar was at US$0.7861 or US$1=C$1.2721 which compares with Friday’s North American close of US$0.7864 or US$1=C$1.2716. Canadian manufacturing sales were up by 0.6

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was weaker on Friday, due to declines in crude oil. The dollar finished at US$0.7864 or US$1=C$1.2716, compared to Thursday’s close of US$0.7920 or US$1=C$1.2627. Benchmark crude oil prices were lower on Friday due to additional pandemic restrictions imposed in China that could impede demand.

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was lower Friday morning as crude oil prices shifted downward. As of 8:48 CST, the Canadian dollar was at US$0.7877 or C$1.2695, compared to Thursday’s close of US$0.7920 or C$1.2627. Benchmark crude oil prices were lower Friday morning due to additional COVID-19 lockdowns in China