Currency markets

By MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was weaker on Friday, seeing a continuation of the selling pressure that weighed on the currency earlier in the week. The Canadian dollar closed at US$0.7312 or US$1=C$1.3676, which compares with Thursday’s North American close of US$0.7329 or US$1=C$1.3645. Losses in crude oil amid renewed

By MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was down on Friday morning, getting little direction from crude prices. As of 8:40 CDT, the Canadian dollar was at US$0.7313 or C$1.3677, compared to Thursday’s close of US$0.7329 or C$1.3645. Benchmark crude oil prices were either side of steady Friday morning after making gains

By MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was weaker on Thursday, touching its lowest level relative to its United States counterpart in 10 days. The Canadian dollar closed at US$0.7329 or US$1=C$1.3645, which compares with Wednesday’s North American close of US$0.7358 or US$1=C$1.3591. Ratings-agency Fitch downgraded Canada from AAA status to AA+

By MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was lower on Thursday morning along with crude oil prices. As of 8:37 CDT, the Canadian dollar was at US$0.7335 or C$1.363`, compared to Wednesday’s close of US$0.7358 or C$1.3591. Benchmark crude oil prices were slightly lower Thursday morning as concerns continue over the rising

WINNIPEG – The Canadian dollar was weaker on Wednesday, as losses in crude oil amid renewed COVID-19 concerns weighed on the currency. The Canadian dollar closed at US$0.7358 or US$1=C$1.3591, which compares with Tuesday’s North American close of US$0.7399 or US$1=C$1.3516. Increasing coronavirus cases, especially in the United States, weighed heavily on world equity markets

By MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was lower on Wednesday morning as crude oil prices and stock market values were down because of sharp increases in reported cases of COVID-19. As of 8:37 CDT, the Canadian dollar was at US$0.7364 or C$1.3572, compared to Tuesday’s close of US$0.7399 or C$1.3516. Benchmark

By MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar was firmer on Tuesday, but lagged other international currencies relative to the United States dollar. The Canadian dollar closed at US$0.7399 or US$1=C$1.3516, which compares with Monday’s North American close of US$0.7383 or US$1=C$1.3545. Better than expected economic data out of the European Union gave

By MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar was move above 74 U.S. cents on Monday morning as the United States dollar lost ground to other global currencies. As of 8:42 CDT, the Canadian dollar was at US$0.7404 or C$1.3506, compared to Monday’s close of US$0.7383 or C$1.3545. Benchmark crude oil prices were

By MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar was stronger on Monday, as gains in crude oil and the global equity markets provided some support. The Canadian dollar closed at US$0.7383 or US$1=C$1.3545, which compares with Friday’s North American close of US$0.7360 or US$1=C$1.3587. Reports of tightening crude oil supplies amid easing COVID-19

By MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning as there was little direction from crude oil. As of 8:40 CDT, the Canadian dollar was at US$0.7368 or C$1.3577, compared to Friday’s close of US$0.7360 or C$1.3587. Benchmark crude oil prices were flat Monday morning after a record