Currency markets

By MarketsFarm WINNIPEG, May 15 (MarketsFarm) – The Canadian dollar was virtually unchanged on Friday, after it fluctuated across both sides of 71 U.S. cents. The dollar was supported by gains in crude oil, but growing uncertainty in United States/China trade relations weighed on values. The loonie finished the day at US$0.7095 or US$1=C$1.4094, compared

By MarketsFarm WINNIPEG, May 15 (MarketsFarm) – The Canadian dollar was steady on Friday morning despite gains in crude oil. As of 8:38 CDT, the Canadian dollar was at US$0.7100 or C$1.4074, compared to Thursday’s close of US$0.7097 or C$1.4090. Benchmark crude oil prices were slightly higher Friday morning, reaching price levels not seen in

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday, following the Bank of Canada’s review of the country’s financial systems and a Statistics Canada report on manufacturing sales. The loonie finished the day at US$0.7097 or US$1=C$1.4090, compared to Wednesday when it closed at US$0.7106 or US$1=C$1.4073. The Bank

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar fell under 71 U.S. cents Thursday following a grim Statistics Canada report on manufacturing sales. As of 8:57 CDT, the Canadian dollar was at US$0.7074 or C$1.4135, compared to Wednesday’s close of US$0.7106 or C$1.4073. Manufacturing sales in Canada plunged 9.2 per cent in March,

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was lower on Wednesday, following declines in the Toronto Stock Exchange and crude oil. The loonie finished the day at US$0.7106 or US$1=C$1.4073, compared to Tuesday when it closed at US$0.7135 or US$1=C$1.4015. The TSX Composite Index dropped 377.95 points to close at 14,503.21. The

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was slightly lower Wednesday as crude oil was steady. As of 8:43 CDT, the Canadian dollar was at US$0.7117 or C$1.4052, compared to Tuesday’s close of US$0.7135 or C$1.4015. Suggestions from United States Federal Reserve Chair Jerome Powell on Tuesday about the central bank moving

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar steady on Tuesday, bolstered by moderate gains in North American crude oil prices. However, fears of a second wave of cases in the COVID-19 pandemic weighed on values. The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Monday when it closed at US$0.7137

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar was holding steady Tuesday despite gains in crude oil prices. As of 8:41 CDT, the Canadian dollar was at US$0.7142 or C$1.4002, compared to Monday’s close of US$0.7137 or C$1.4012. Benchmark crude oil prices were slightly higher Tuesday morning, as the markets started to take

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar lower on Monday as the markets are concerned that a second wave of COVID-19 will strike, further hurting the Canadian economy. The dollar finished the day at US$0.7137 or US$1=C$1.4012, compared to Friday when it closed at US$0.7177 or US$1=C$1.3934. Benchmark crude oil prices were

By MarketsFarm WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar was stronger ahead of the weekend, due to comparable weakness in the United States dollar. The dollar finished the day at US$0.7178 or US$1=C$1.3931, compared to Thursday when it closed at US$0.7135 or US$1=C$1.4015. A new report from Statistics Canada showed two million Canadians lost