Currency markets

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar fell under 71 U.S. cents Thursday following a grim Statistics Canada report on manufacturing sales. As of 8:57 CDT, the Canadian dollar was at US$0.7074 or C$1.4135, compared to Wednesday’s close of US$0.7106 or C$1.4073. Manufacturing sales in Canada plunged 9.2 per cent in March,

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was lower on Wednesday, following declines in the Toronto Stock Exchange and crude oil. The loonie finished the day at US$0.7106 or US$1=C$1.4073, compared to Tuesday when it closed at US$0.7135 or US$1=C$1.4015. The TSX Composite Index dropped 377.95 points to close at 14,503.21. The

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was slightly lower Wednesday as crude oil was steady. As of 8:43 CDT, the Canadian dollar was at US$0.7117 or C$1.4052, compared to Tuesday’s close of US$0.7135 or C$1.4015. Suggestions from United States Federal Reserve Chair Jerome Powell on Tuesday about the central bank moving

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar steady on Tuesday, bolstered by moderate gains in North American crude oil prices. However, fears of a second wave of cases in the COVID-19 pandemic weighed on values. The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Monday when it closed at US$0.7137

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar was holding steady Tuesday despite gains in crude oil prices. As of 8:41 CDT, the Canadian dollar was at US$0.7142 or C$1.4002, compared to Monday’s close of US$0.7137 or C$1.4012. Benchmark crude oil prices were slightly higher Tuesday morning, as the markets started to take

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar lower on Monday as the markets are concerned that a second wave of COVID-19 will strike, further hurting the Canadian economy. The dollar finished the day at US$0.7137 or US$1=C$1.4012, compared to Friday when it closed at US$0.7177 or US$1=C$1.3934. Benchmark crude oil prices were

By MarketsFarm WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar was stronger ahead of the weekend, due to comparable weakness in the United States dollar. The dollar finished the day at US$0.7178 or US$1=C$1.3931, compared to Thursday when it closed at US$0.7135 or US$1=C$1.4015. A new report from Statistics Canada showed two million Canadians lost

By MarketsFarm WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as a firmer tone in crude oil provided some support. At 8:39 CDT Friday morning the Canadian dollar was at US$0.7169 or C$1.3949 which compares with Thursday’s North American close of US$0.7135 or C$1.4015. Canada lost nearly two million jobs in

By MarketsFarm WINNIPEG, May 7 (MarketsFarm) – The Canadian dollar was stronger on Thursday, along with stock indices. The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Wednesday when it closed at US$0.7080 or US$1=C$1.4124. Benchmark crude oil prices were lower despite showing strength earlier in the day. West Texas Intermediate (WTI) was

By MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The Canadian dollar was lower at midweek, due to losses in crude oil prices and comparable strength in the United States dollar. The dollar finished the day at US$0.7080 or US$1=C$1.4124, compared to Tuesday when it closed at US$0.7127 or US$1=C$1.4032. Benchmark crude oil prices were lower after