Currency markets

By MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, despite a dip in oil prices. The dollar finished the day at US$0.7150 or US$1=C$1.3986, compared to Monday when it closed at US$0.7079 or US$1=C$1.4127. United States stock indexes were lower on the day, but Canadian financial markets were able to

By MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, boosted by stronger performances for global financial indices.      At 8:40 CST Tuesday morning the Canadian dollar was at US$0.7148 or C$1.3988 which compares with Monday’s North American close of US$0.7079 or C$1.4127. Global financial markets are anticipating that infection

By MarketsFarm WINNIPEG, April 6 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, amid hopes of the COVID-19 pandemic slowing down. The dollar finished the day at US$0.7079 or US$1=C$1.4127, compared to Friday when it closed at US$0.7071 or US$1=C$1.4142. North American stock indexes rallied following reports that the rate of new COVID-19

By MarketsFarm WINNIPEG, April 6 (MarketsFarm) – The Canadian dollar was steady on Monday morning, despite a lower tone for global crude oil values.      At 8:30 CST Monday morning the Canadian dollar was at US$0.7072 or C$1.4140 which compares with Friday’s North American close of US$0.7071 or C$1.4142. Nations all over the world are

By MarketsFarm WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar was higher on Friday due to gains in crude oil. The dollar finished the day at US$0.7071 or US$1=C$1.4142, compared to Thursday when it closed at US$0.7053 or US$1=C$1.4279. Benchmark crude oil prices were stronger on Friday, as the OPEC+ alliance, including Saudi Arabia and

By MarketsFarm WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar was higher Friday morning, due to developments in the Saudi Arabia/Russia crude oil price war. However, the strong likelihood of a global economic recession tempered further advances for the loonie. As of 8:36 CDT, the Canadian dollar was at US$0.7079 or C$1.4128, compared to Thursday’s

By MarketsFarm WINNIPEG, April 2 (MarketsFarm) – The Canadian dollar was higher on Thursday due to strong gains in crude oil prices. The dollar finished the day at US$0.7053 or US$1=C$1.4179, compared to Wednesday when it closed at US$0.7034 or US$1=C$1.4217. Benchmark crude oil prices were higher on Thursday, on reports that U.S. President Donald

By MarketsFarm WINNIPEG, April 2 (MarketsFarm) – The Canadian dollar was lower Thursday morning, as the United States dollar has been gaining strength with investors fearful of a global recession. As of 8:44 CDT, the Canadian dollar was at US$0.7002 or C$1.4277, compared to Wednesday’s close of US$0.7034 or C$1.4217. Benchmark crude oil prices were

By MarketsFarm WINNIPEG, April 1 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday, as losses on the Toronto Stock Exchange countered small gains for crude oil. The dollar finished the day at US$0.7034 or US$1=C$1.4217, compared to Tuesday when it closed at US$0.7049 or US$1=C$1.4187. The TSX Composite Index dropped 502.38 points to

By MarketsFarm WINNIPEG, April 1 (MarketsFarm) – The Canadian dollar was slightly higher Wednesday morning, as Canadian crude oil prices opened with a small gain. As of 8:52 CDT, the Canadian dollar was at US$0.7063 or C$1.4159, compared to Tuesday’s close of US$0.7049 or C$1.4187. Western Canadian Select (WCS) was up 44 cents at US$5.52