Currency markets

By MarketsFarm WINNIPEG, May 1 (MarketsFarm) – The Canadian dollar dropped eight-tenths of a cent on Friday due to declines in the North American stock markets. The dollar finished the day at US$0.7109 or US$1=C$1.4066, compared to Thursday when it closed at US$0.7189 or US$1=C$1.3910. The threat by U.S. President Donald Trump to impose new

By MarketsFarm WINNIPEG, May 1 (MarketsFarm) – The Canadian dollar was weaker on Friday morning, following poor earnings reports from the crude oil sector.      At 8:40 CDT Friday morning the Canadian dollar was at US$0.7136 or C$1.4013, which compares with Thursday’s North American close of US$0.7189 or C$1.3910. Imperial Oil Ltd. lost C$188 million

By MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday as increases crude oil prices edged out losses in the stock markets. The dollar finished the day at US$0.7189 or US$1=C$1.3910, compared to Wednesday when it closed at US$0.7183 or US$1=C$1.3922. Benchmark crude oil prices were stronger on Thursday as

By MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, continuing to gain ground relative to its United States counterpart as advances in crude oil provided support. At 9:04 CDT Thursday morning the Canadian dollar was at US$0.7189 or C$1.3910 which compares with Wednesday’s North American close of US$0.7183 or C$1.3922.

By MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The Canadian dollar was higher on Wednesday due to gains in crude oil prices. The dollar finished the day at US$0.7183 or US$1=C$1.3922, compared to Tuesday when it closed at US$0.7154 or US$1=C$1.3978. Benchmark crude oil prices were stronger on Wednesday following news that U.S. crude stockpiles increased

By MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning, due to comparable weakness in the United States dollar following poor economic data.      At 8:40 CDT Thursday morning the Canadian dollar was at US$0.7181 or C$1.3926, which compares with Tuesday’s North American close of US$0.7154 or C$1.3978. Reports show

By MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar hit a two-week high on Tuesday as some provinces are moving towards reopening their economies amid the COVID-19 pandemic. The dollar finished the day at US$0.7154 or US$1=C$1.3978, compared to Monday when it closed at US$0.7116 or US$1=C$1.4053. Benchmark crude oil prices were mixed on

By MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, due to comparable weakness in the United States dollar.      At 8:40 CST Thursday morning the Canadian dollar was at US$0.7168 or C$1.3950, which compares with Friday’s North American close of US$0.7116 or C$1.4053. The Canadian dollar was stronger despite

By MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was slightly higher on Monday as the United States dollar lost strength. The dollar finished the day at US$0.7116 or US$1=C$1.4053, compared to Friday when it closed at US$0.7097 or US$1=C$1.4090. The U.S. dollar index slipped 0.29 of a point to 100.140, which made it

By MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as provinces are expected to unveil their re-opening plans.      At 8:30 CST Thursday morning the Canadian dollar was at US$0.7113 or C$1.4035 which compares with Friday’s North American close of US$0.7097 or C$1.4090. Doug Ford, Ontario’s Premier, is