Currency markets

By MarketsFarm WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was lower on Tuesday, finishing at its lowest level in four years as oil prices weakened. The dollar finished the day at US$0.7055 or US$1=C$1.4175, compared to Monday when it closed at US$0.7161 or US$1=C$1.3964. Benchmark crude oil prices were down on Tuesday as the

By MarketsFarm WINNIPEG, March 17 (MarketsFarm) The Canadian dollar was weaker Tuesday morning, hitting fresh four-year lows amid ongoing concerns over the COVID-19 outbreak. At 9:11 CDT Tuesday morning the Canadian dollar was at US$0.7075 or C$1.4134 which compares with Monday’s North American close of US$0.7161 or C$1.3964. Soft domestic economic data contributed to the

By MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was weaker on Monday, as fears over the COVID-19 coronavirus pandemic continued to wreaked havoc in the markets. The dollar finished the day at US$0.7161 or US$1=C$1.3964, compared to Friday when it closed at US$0.7194 or US$1=C$1.3901. Canadian Prime Minister Justin Trudeau announced a series

By MarketsFarm WINNIPEG, March 16 (MarketsFarm) The Canadian dollar was slightly weaker on Monday morning, as central banks around the world take measures to bolster economies during the COVID-19 coronavirus outbreak.      At 8:30 CST Monday morning the Canadian dollar was at US$0.7164 or C$1.3958 which compares with Friday’s North American close of US$0.7194 or

By MarketsFarm WINNIPEG, March 13 (MarketsFarm) – The Canadian dollar was lower Friday morning, despite increases in crude oil and on the Toronto Stock Exchange. As of 8:45 CDT, the Canadian dollar was at US$0.7212 or C$1.3871, compared to Thursday’s close of US$0.7236 or C$1.3820. Crude oil prices were higher Friday morning on the hopes

By MarketsFarm WINNIPEG, March 12 (MarketsFarm) – The Canadian dollar was weaker again on Thursday, as financial markets continued their tailspin due to the far-reaching economic impact of the COVID-19 coronvirus. The dollar finished the day at US$0.7236 or US$1=C$1.3820, compared to Wednesday when it closed at US$0.7275 or US$1=C$1.3745. The financial market posted their

By MarketsFarm WINNIPEG, March 12 (MarketsFarm) The Canadian dollar was lower on Monday morning. Global financial markets and oil remain wracked with uncertainty following the World Health Organization’s declaration that the COVID-19 coronavirus is officially a pandemic. At 8:40 CDT, the Canadian dollar was at US$0.7233 or C$1.382, which compares with Wednesday’s North American close

By MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar was virtually unchanged Wednesday morning, despite continued declines in crude oil prices. As of 8:36 CDT, the Canadian dollar was at US$0.7280 or C$1.3738, compared to Tuesday’s close of US$0.7283 or C$1.3731. Crude oil prices were lower Wednesday morning on news that Saudi Arabia was

By MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The Canadian dollar was lower Tuesday morning, despite small recoveries in the global markets. As of 8:42 CDT, the Canadian dollar was at US$0.7313 or C$1.3675, compared to Monday’s close of US$0.7354 or C$1.3598. Crude oil prices have partially bounced back on Tuesday morning, after yesterday’s stunning losses

By MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar was significantly lower on Monday, as oil futures plunged. The dollar finished the day at US$0.7354 or US$1=C$1.3598, compared to Friday when it closed at US$0.7451 or US$1=C$1.3421. Following a dissolved agreement to contain global crude oil production, Saudi Arabia and Russia have pledged to