Currency markets

Canadian dollar and business outlook By MarketsFarm WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, hitting its best levels in five days as general weakness in the United States dollar index provided support. At 9:02 CDT Wednesday morning the Canadian dollar was at US$0.6970 or C$1.4347 which compares with Tuesday’s North

By MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was steady on Tuesday, dropping by a small fraction of a cent to finish around 69 U.S. cents, following a dismal forecast for the Canadian economy published by CIBC earlier today. The dollar finished the day at US$0.6901 or US$1=C$1.4491, compared to Monday when it

WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was slightly softer Tuesday morning, retreating from overnight gains as investors awaited additional details on various stimulus measures in the works.      At 9:07 CDT Tuesday morning the Canadian dollar was at US$0.6911 or C$1.4470 which compares with Monday’s North American close of US$0.6905 or C$1.4482. The

WINNIPEG – The Canadian dollar was weaker on Monday, remaining below the psychologically important 70 U.S. cent mark. The dollar finished the day at US$0.6905 or US$1=C$1.4482, compared to Friday when it closed at US$0.6977 or US$1=C$1.4332. With no end in sight to the price war between oil producing powerhouses Saudi Arabia and Russia, and

By MarketsFarm WINNIPEG, March 23 (MarketsFarm) The Canadian dollar was weaker Monday morning, as continued strength in the U.S. dollar weighed on other international currencies.      At 8:40 CDT Monday morning the Canadian dollar was at US$0.6934 or C$1.4422 which compares with Friday’s North American close of US$0.6977 or C$1.4332. Global concerns over COVID-19 had

By MarketsFarm WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar was stronger on Friday morning, hovering above 70 cents for the first time in two days.      At 8:30 CDT Thursday morning the Canadian dollar was at US$0.7005 or C$1.4286 which compares with Thursday’s North American close of US$0.6899 or C$1.4495. The Canadian dollar found

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, due to gains made in crude oil. The dollar finished the day at US$0.6899 or US$1=C$1.4495, compared to Tuesday when it closed at US$0.6898 or US$1=C$1.4496. Benchmark crude oil prices were higher on Thursday due to the economic stimulus packages

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar was steady on Thursday morning, after dropping by nearly two cents yesterday.      At 8:40 CST Thursday morning the Canadian dollar was at US$0.6913 or C$1.4465 which compares with Wednesday’s North American close of US$0.6898 or C$1.4496. The Canadian dollar was weakened by the United

By MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as it lost more than 1.5 cents to finish at its lowest level since 2003. The dollar finished the day at US$0.6898 or US$1=C$1.4496, compared to Tuesday when it closed at US$0.7055 or US$1=C$1.4175. This was in light of Canadian Prime

By MarketsFarm WINNIPEG, March 18 (MarketsFarm) The Canadian dollar was weaker on Wednesday, dropping below 70 U.S. cents for the first time in several years.      At 8:20 CST Wednesday morning the Canadian dollar was at US$0.6948 or C$1.4392 which compares with Tuesday’s North American close of US$0.7055 or C$1.4175. Canada and the United States