Currency markets

Canadian dollar and business outlook By MarketsFarm WINNIPEG, Jan. 8 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, as conflicting outside influences pulled on the currency. At 9:36 CST Friday morning the Canadian dollar was at US$0.7874 or C$1.2700 which compares with Thursday’s North American close of US$0.7870 or C$1.2707. Gains in

By MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday, as its United States counterpart made a small gain. The decline was stymied by increases in crude oil prices. The loonie finished at US$0.7870 or US$1.2707, compared to Wednesday’s close of US$0.7883 or US$1=C$1.2685. On the U.S. Dollar Index, the

By MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, backing away from the nearly three-year highs hit the previous session. At 8:53 CST Thursday morning the Canadian dollar was at US$0.7856 or C$1.2729 which compares with Wednesday’s North American close of US$0.7883 or C$1.2685. Canadian international merchandise trade data

By MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday. The dollar finished the day at US$0.7883 or US$1=C$1.2685, compared to Tuesday when it closed at US$0.7870 or US$1=C$1.2707. Global stock indices were stronger on the day due to positive sentiments surrounding COVID-19 vaccine distribution. The TSX closed up by

By MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning in light of small gains for the loonie’s United States counterpart. As of 8:47 CST, the Canadian dollar was at US$0.7874 or C$1.2700, compared to Tuesday’s close of US$0.7870 or C$1.2707. On the U.S. Dollar Index the greenback was

By MarketsFarm WINNIPEG, Jan. 5 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, due to comparable weakness in the United States dollar. The dollar finished the day at US$0.7870 or US$1=C$1.2707, compared to Monday when it closed at US$0.7843 or US$1=C$1.2751. Global stock indices were stronger, as investors await results from Georgia’s senate runoffs.

By MarketsFarm WINNIPEG, Jan. 5 (MarketsFarm) – The Canadian dollar was steady Tuesday morning, as gains in crude oil provided some support for the energy-linked currency. At 9:15 CST Tuesday morning the Canadian dollar was at US$0.7845 or C$1.2747 which compares with Monday’s North American close of US$0.7843 or C$1.2751. Crude oil was up sharply

By MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday’s close, amid a lower tone for stock markets and crude oil prices. The dollar finished the day at US$0.7843 or US$1=C$1.2751, compared to Thursday when it closed at US$0.7854 or US$1=C$1.2723. Global stock indices were mixed, on the first trading

By MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – The Canadian dollar was firmer Monday morning, hitting its strongest levels in 15 months relative to its United States counterpart on the first trading day of 2021. At 9:07 CST Monday morning the Canadian dollar was at US$0.7865 or C$1.2715 which compares with Thursday’s North American close of

By MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – The Canadian dollar was stronger at Thursday’s close, ahead of the New Year’s holiday. Markets will reopen on Monday, Jan. 4. The dollar finished the day at US$0.7854 or US$1=C$1.2723, compared to Wednesday when it closed at US$0.7831 or US$1=C$1.2769. Global stock indices were mixed amid light activity