Currency markets

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

By MarketsFarm WINNIPEG, March 31 (MarketsFarm) – The Canadian dollar was slightly lower on Tuesday, as crude oil prices remained weak. The dollar finished the day at US$0.7049 or US$1=C$1.4187, compared to Monday when it closed at US$0.7064 or US$1=C$1.4156. Benchmark crude oil prices were mixed on Tuesday, following a report from IHS Markit that

By MarketsFarm WINNIPEG, March 31 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as it hovered around 70 U.S. cents. As of 8:41 CDT, the Canadian dollar was at US$0.6999 or C$1.4283, compared to Monday’s close of US$0.7064 or C$1.4156. Crude oil prices were slightly higher Tuesday morning, gaining some strength on positive manufacturing

By MarketsFarm WINNIPEG, March 30 (MarketsFarm) – The Canadian dollar was lower on Monday, due to struggling crude oil prices. The dollar finished the day at US$0.7064 or US$1=C$1.4156, compared to Friday when it closed at US$0.7114 or US$1=C$1.4056. Benchmark crude oil prices were down on Monday, hitting their lowest levels in 18 years. Reduced

By MarketsFarm WINNIPEG, March 30 (MarketsFarm) – The Canadian dollar was lower Monday morning due to weak crude oil prices. As of 8:38 CDT, the Canadian dollar was at US$0.7060 or C$1.4167, compared to Friday’s close of US$0.7114 or C$1.4056. Crude oil prices were lower Monday morning, reaching 17-year lows, as lockdown and social distancing

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was slightly stronger following an unscheduled interest rate cut from the Bank of Canada. The dollar finished the day at US$0.7114 or US$1=C$1.4056, compared to Thursday when it closed at US$0.7104 or US$1=C$1.4077. The Bank of Canada cut its key interest rate by 50 basis

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, seeing a modest correction after Thursday’s rally. At 8:39 CDT Friday morning the Canadian dollar was at US$0.7076 or C$1.4132 which compares with Thursday’s North American close of US$0.7104 or C$1.4077. While stimulus measures introduced earlier in the week remained

By MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s recovery off of nearby lows. At 9:01 CDT Thursday morning the Canadian dollar was at US$0.7092 or C$1.4100 which compares with Wednesday’s North American close of US$0.6992 or C$1.4302. Stimulus measures announced by Canada, the United

By MarketsFarm WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as the Canadian government comes closer to passing an aid bill to assist Canadians impacted by the COVID-19 pandemic. The dollar finished the day at US$0.6992 or US$1=C$1.4302, compared to Wednesday when it closed at US$0.6901 or US$1=C$1.4491. The Canadian Emergency