Currency markets

By MarketsFarm WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar was stronger Monday morning, as gains in the global equity markets helped the currency recover from the 10-day lows relative to its United States counterpart hit Friday. At 9:07 CDT Monday morning the Canadian dollar was at US$0.7384 or C$1.3543 which compares with Friday’s North

By Marlo Glass, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were narrowly mixed in early morning trading. Losses in comparable vegetable oils kept pressure on canola prices. The Chicago soy complex was lower following expectations of improved weather in key growing regions. Weakness in outside markets, including crude oil, also

By MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar fell on Friday despite a Statistics Canada report that said nearly one million jobs were added to the country’s economy in June. The loonie finished at US$0.7356 or US$1=C$1.3594, compared to Thursday when it closed at US$0.7377 or US$1=C$1.3555. The jobs report saw the TSX

WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar was lower on Friday, despite strong employment data from June.      At 8:45 CDT Friday morning the Canadian dollar was at US$0.7362 or US$1=C$1.3558, which compares with Thursday’s North American close of US$0.7377 or US$1=C$1.3555. According to a recent report from Statistic Canada, the Canadian economy added

By MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar lost a tenth of a cent on Thursday after it broke above 74 U.S. cents earlier in the day. The loonie finished at US$0.7377 or US$1=C$1.3555, compared to Wednesday when it closed at US$0.7387 or US$1=C$1.3538. Growing concerns about the surge of reported cases of

By MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The Canadian dollar was higher on Thursday, along with a stronger tone for global stock indices.      At 8:45 CDT Thursday morning the Canadian dollar was at US$0.7404 or US$1=C$1.3506, which compares with Wednesday’s North American close of US$0.7387 or US$1=C$1.3538. Stocks were mostly higher on Thursday morning

By MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar jumped a quarter of a cent on Wednesday, following the fiscal update from Canadian Minister of Finance Bill Morneau. The loonie finished the day at US$0.7387 or US$1=C$1.3538, compared to Tuesday when it closed at US$0.7362 or US$1=C$1.3583. Morneau forecast the country’s deficit will balloon

By MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar was slightly weaker on Wednesday ahead of an update on Canada’s economic status.      At 8:35 CDT Wednesday morning the Canadian dollar was at US$0.7360 or US$1=C$1.3575, which compares with Tuesday’s North American close of US$0.7362 or US$1=C$1.3583. Bill Morneau, Canada’s Minister of Finance, will

By MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was lower on Tuesday, as the North American stock markets were concerned about the resumption of lockdown measures due to a surge in the number of reported cases of COVID-19 in the United States. The loonie finished the day at US$0.7362 or US$1=C$1.3583, compared to

By MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, due to a slightly weaker tone in crude oil.      At 8:40 CDT Tuesday morning the Canadian dollar was at US$0.7366 or US$1=C$1.3575, which compares with Monday’s North American close of US$0.7384 or US$1=C$1.3543. Global stock indices were mostly higher