Currency markets

By MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar was weaker Monday morning, as world crude oil prices raced downward. As of 8:52 CDT, the Canadian dollar was at US$0.7353 or C$1.3598, compared to Friday’s close of US$0.7451 or C$1.3421. Crude oil prices careened on Monday morning, as a price war broke out between

By MarketsFarm WINNIPEG, March 6 (MarketsFarm) The Canadian dollar was slightly firmer Friday morning, as the currency markets reacted to the latest North American jobs data. At 8:50 CST Friday morning the Canadian dollar was at US$0.7462 or C$1.3401 which compares with Thursday’s North American close of US$0.7454 or C$1.3415. Canada added 30,300 jobs in

By MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The Canadian dollar was slightly lower at market close on Thursday, as fears toward the COVID-19 coronavirus generated losses on the markets. The loonie finished the day at US$0.7454 or US$1=C$1.3415, which compares with Wednesday’s close of US$0.7467 or C$1.3392. The TSX/S&P Composite Index was down 225.54 points

By MarketsFarm WINNIPEG, March 5 (MarketsFarm) The Canadian dollar was weaker Thursday morning, as losses in the global equity markets weighed on values. At 9:29 CST Thursday morning the Canadian dollar was at US$0.7458 or C$1.3408 which compares with Wednesday’s North American close of US$0.7467 or C$1.3392. Wednesday’s move by the Bank of Canada to

By MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was lower at market close on Wednesday, due to declines in crude oil prices. The loonie finished the day at US$0.7467 or US$1=C$1.3392, which compares with Tuesday’s close of US$0.7483 or C$1.3363. Benchmark crude oil prices traded either side of steady on Wednesday, as OPEC

By MarketsFarm WINNIPEG, March 4 (MarketsFarm) The Canadian dollar was slightly firmer Wednesday morning, as investors await the Bank of Canada’s latest interest rate decision. At 8:38 CST Wednesday morning the Canadian dollar was at US$0.7495 or C$1.3342 which compares with Tuesday’s North American close of US$0.7483 or C$1.3363. Investors now generally expect the Bank

By MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar steady at market close on Tuesday, as small gains in crude oil were balanced off by declines in the stock markets. The loonie finished the day at US$0.7483 or US$1=C$1.3363, which compares with Monday’s close of US$0.7487 or C$1.3356. There was a teleconference this morning

By MarketsFarm WINNIPEG, March 3 (MarketsFarm) The Canadian dollar was slightly softer Tuesday morning, seeing a modest correction after Monday’s gains. At 9:12 CST Tuesday morning the Canadian dollar was at US$0.7483 or C$1.3387 which compares with Monday’s North American close of US$0.7487 or C$1.3356. The United States Federal Open Market Committee announced a surprise

By MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar gained four-tenths of cent by market close on Monday, due increases in crude oil prices and on the stock markets. The loonie finished the day at US$0.7487 or US$1=C$1.3356, which compares with Friday’s close of US$0.7447 or C$1.3429. Benchmark crude oil prices were stronger on

By MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was firmer Monday morning, finding some spillover support from crude oil. At 8:50 CST Monday morning the Canadian dollar was at US$0.7470 or C$1.3387 which compares with Friday’s North American close of US$0.7447 or C$1.3429. Crude oil was up by about US$1 per barrel to