Currency markets

By MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was slightly lower Monday morning, due to volatility in North American crude oil prices. As of 8:39 CDT, the Canadian dollar was at US$0.7102 or C$1.4828, compared to Friday’s close of US$0.7124 or C$1.4037. Benchmark crude oil prices were weaker Monday morning, particularly West Texas

By MarketsFarm WINNIPEG, April 17 (MarketsFarm) – The Canadian dollar was stronger on Friday as Western Canadian Select crude oil rose well above US$10 per barrel. The dollar finished the day at US$0.7124 or US$1=C$1.4037, compared to Thursday when it closed at US$0.7081 or US$1=C$1.4122. Western Canadian Select jumped US$3.88 at US$11.12 per barrel after

By MarketsFarm WINNIPEG, April 17 (MarketsFarm) – The Canadian dollar was firmer Friday morning, as talk of reopening economies in the wake of COVID-19 had investors showing an increased appetite for risk. At 9:14 CDT Friday morning the Canadian dollar was at US$0.7126 or C$1.4033 which compares with Thursday’s North American close of US$0.7081 or

By MarketsFarm WINNIPEG, April 16 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday as North American crude oil prices remained weak. The dollar finished the day at US$0.7081 or US$1=C$1.4122, compared to Wednesday when it closed at US$0.7099 or US$1=C$1.4086. Benchmark crude oil prices trade either side of steady on Thursday. The possibility

By MarketsFarm WINNIPEG, April 16 (MarketsFarm) – The Canadian dollar was unchanged Thursday morning, as there was little movement in crude oil prices. As of 8:45 CDT, the Canadian dollar was at US$0.7099 or C$1.4086. Crude oil prices were slightly higher Thursday morning, following an announcement from ConocoPhillips that it’s cutting production by 125,000 barrels

By MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The Canadian dollar was lower Wednesday following the Bank of Canada’s announcement on its key interest rate. The dollar finished the day at US$0.7099 or US$1=C$1.4086, compared to Tuesday when it closed at US$0.7192 or US$1=C$1.3904. Canada’s central bank froze its key rate at 0.25 per cent on

By MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The Canadian dollar was sharply weaker Wednesday morning, as the currency reacted to disappointing economic data. At 9:18 CDT Wednesday morning the Canadian dollar was at US$0.7097 or C$1.4090 which compares with Tuesday’s North American close of US$0.7192 or C$1.3904. Statistics Canada released a flash economic update, reporting

By MarketsFarm WINNIPEG, April 14 (MarketsFarm) – The Canadian dollar was higher Tuesday on market expectations that the Bank of Canada will freeze its key lending rate tomorrow at 0.25 per cent. The dollar finished the day at US$0.7192 or US$1=C$1.3904, compared to Monday when it closed at US$0.7176 or US$1=C$1.3936. Also, the markets believe

By MarketsFarm WINNIPEG, April 14 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning, as gains in many world equity markets countered losses in crude oil. At 8:56 CDT Tuesday morning the Canadian dollar was at US$0.7199 or C$1.3891 which compares with Monday’s North American close of US$0.7176 or C$1.3936. Better-than-expected Chinese economic data

By MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar was higher on Monday, despite losses in North American equities. The dollar finished the day at US$0.7176 or US$1=C$1.3936, compared to Thursday when it closed at US$0.7151 or US$1=C$1.3985. Benchmark crude oil prices were mixed on Monday, following the agreement between OPEC, Russia and the