Currency markets

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

By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, as support from rising crude oil prices was countered by soft retail sales data. The Canadian dollar closed at US$0.7360 or US$1=C$1.3587, which compares with Thursday’s North American close of US$0.7359 or US$1=C$1.3589. Canadian retail sales dropped by 26.4 per

By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was slightly higher on Friday morning as crude oil prices were rising. As of 8:46 CDT, the Canadian dollar was at US$0.7367 or C$1.3573, compared to Thursday’s close of US$0.7359 or C$1.3589. Benchmark crude oil prices were higher Friday morning as global demand was picking

By MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday. The dollar finished the day at US$0.7359 or US$1=C$1.3589, compared to Wednesday when it closed at US$0.7377 or US$1=C$1.3555. Benchmark crude oil prices were stronger due to consistent demand as COVID-19 restrictions ease around the world. However, concerns of a

By MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The Canadian dollar was slightly softer Thursday morning, holding within a narrow range. At 8:44 CDT Thursday morning the Canadian dollar was at US$0.7366 or C$1.3576 which compares with Wednesday’s North American close of US$0.7377 or C$1.3555. Statistics Canada trade data showed wholesale sales in the country dropped

By MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The Canadian dollar was steady on Wednesday. The dollar finished the day at US$0.7377 or US$1=C$1.3555, compared to Tuesday when it closed at US$0.7376 or US$1=C$1.3558. The Canadian government will present a fiscal and economic overview on July 8, detailing the ways in which the COVID-19 pandemic has

By MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, amid conflicting outside influences. At 9:09 CDT Wednesday morning the Canadian dollar was at US$0.7374 or C$1.3561 which compares with Tuesday’s North American close of US$0.7376 or C$1.3558. Solid retail sales data out of the United States was taken as

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was slightly stronger on Tuesday. The dollar finished the day at US$0.7376 or US$1=C$1.3558, compared to Monday when it closed at US$0.7355 or US$1=C$1.3596. The Canadian Emergency Relief Benefit (CERB) will be extended by eight weeks. The eligibility period was set to expire July 4.

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, as improving global economic sentiment had investors showing a renewed interest in riskier assets. At 9:11 CDT Tuesday morning the Canadian dollar was at US$0.7395 or C$1.3523 which compares with Monday’s North American close of US$0.7351 or C$1.3604. The United States

By MarketsFarm WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar was steady on Monday, as economies around the world grapple with the possibility of a COVID-19 coronavirus resurgence. The dollar finished the day at US$0.7355 or US$1=C$1.3596, compared to Friday when it closed at US$0.7354 or US$1=C$1.3553. This morning, Canadian Prime Minister Justin Trudeau announced