Currency markets

By MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was pushing upward on Monday morning, as the United States dollar continued to slip against other major world currencies. As of 8:40 CDT, the Canadian dollar was at US$0.7464 or C$1.3398, compared to Friday’s close of US$0.7451 or C$1.3421. Benchmark crude oil prices were slightly

By MarketsFarm WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar was slightly lower on Friday, giving up a little bit of strength to the United States dollar, despite the latter remaining weak against other major world currencies. The loonie finished at US$0.7451 or US$1=C$1.3421, compared to Thursday when it closed at US$0.7467 or US$1=C$1.3392. Benchmark

By MarketsFarm WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar was slightly lower on Friday morning.      At 8:55 CDT Friday morning the Canadian dollar was at US$0.7443 or US$1=C$1.3399, which compares with Thursday’s North American close of US$0.7467 or US$1=C$1.3392. The United States dollar continues to slip against other major world currencies due to

By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday as the United States dollar continued to lose ground to other major world currencies. The loonie finished at US$0.7467 or US$1=C$1.3392, compared to Wednesday when it closed at US$0.7452 or US$1=C$1.3420. The U.S. greenback gave up 0.16 per cent to

By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was steady on Thursday morning.      At 9:10 CDT Wednesday morning the Canadian dollar was at US$0.7457 or US$1=C$1.3399, which compares with Wednesday’s North American close of US$0.7452 or US$1=C$1.3420. Spiking COVID-19 cases have caused concerns that economic re-opening measures may soon be rolled back.

By MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday as the United States Dollar Index dipped. The loonie finished at US$0.7452 or US$1=C$1.3420, compared to Tuesday when it closed at US$0.7437 or US$1=C$1.3446. The index edged down 0.17 per cent against other major world currencies at 94.900. The loonie

WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, staying over 74 U.S. cents.      At 9:00 CDT Wednesday morning the Canadian dollar was at US$0.7463 or US$1=C$1.3399, which compares with Tuesday’s North American close of US$0.7437 or US$1=C$1.3446. Positive economic data was one driver of the Canadian dollar. Statistics Canada

By MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar jumped more than a half cent on Tuesday, reaching a five-week high. The rise in the loonie was propelled by the futures markets’ positive sentiment towards a COVID-19 vaccine, an increase in crude oil prices, and a significant jump in the price of gold. The

By MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was stronger on Tuesday morning, edging above 74 United States cents.      At 8:50 CDT Tuesday morning the Canadian dollar was at US$0.7431 or US$1=C$1.3457, which compares with Monday’s North American close of US$0.7367 or US$1=C$1.3574. Positive economic data was one driver of the Canadian