Currency markets

By MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was stronger on Monday morning due to comparable weakness in the United States dollar.      At 8:30 CDT Monday morning the Canadian dollar was at US$0.7465 or C$1.3395, which compares with Friday’s North American close of US$0.7447 or C$1.3429. Benchmark crude oil indices were weaker

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was higher on Friday, due to a surprising employment report and strong gains in crude oil. The loonie finished the day at US$0.7447 or US$1=C$1.3429, compared to Thursday when it closed at US$0.7403 or US$1=C$1.3508. Statistics Canada reported today that the country’s economy gained almost

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was higher on Friday morning due to surprisingly strong employment data from Statistics Canada. As of 8:39 CDT, the Canadian dollar was at US$0.7463 or C$1.3393, compared to Thursday’s close of US$0.7403 or C$1.3508. Statistics Canada reported the economy gained almost 290,000 jobs when economists

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, as pressure from poor trade data was countered by small gains in global crude oil. The loonie finished the day at US$0.7403 or US$1=C$1.3508, compared to Tuesday when it closed at US$0.7405 or US$1=C$1.3504. Statistics Canada reported the country had

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday morning as global benchmark crude oil prices dipped. As of 8:42 CDT, the Canadian dollar was at US$0.7396 or C$1.3526, compared to Wednesday’s close of US$0.7405 or C$1.3504. Benchmark crude oil prices were lower on Thursday morning, as the OPEC+

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday following the Bank of Canada’s announcement on interest rates. The loonie finished the day at US$0.7405 or US$1=C$1.3504, compared to Tuesday when it closed at US$0.7399 or US$1=C$1.3515. The Bank of Canada said its key rate would remain at 0.25

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday morning prior to the Bank of Canada making its announcement on interest rates. As of 8:37 CDT, the Canadian dollar was at US$0.7389 or C$1.3534, compared to Tuesday’s close of US$0.7399 or C$1.3515. In Tiff Macklem’s first day as the

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting a three-month high ahead of tomorrow’s interest rate announcement from the Bank of Canada. The loonie finished the day at US$0.7399 or US$1=C$1.3515, compared to Monday when it closed at US$0.7337 or US$1=C$1.3630. It’s widely expected that incoming Bank of

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning as crude oil prices were making small gains and the Toronto Stock Exchange opened higher. As of 8:45 CDT, the Canadian dollar was at US$0.7392 or C$1.3534, compared to Monday’s close of US$0.7337 or C$1.3630. Benchmark crude oil prices were

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was stronger on Monday, having made gains ahead of the Bank of Canada’s announcement on interest rate scheduled for Wednesday. The loonie finished the day at US$0.7337 or US$1=C$1.3630, compared to Friday when it closed at US$0.7253 or US$1=C$1.3787. Benchmark crude oil prices were lower