Currency markets

By MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The Canadian dollar was lower at midweek, due to losses in crude oil prices and comparable strength in the United States dollar. The dollar finished the day at US$0.7080 or US$1=C$1.4124, compared to Tuesday when it closed at US$0.7127 or US$1=C$1.4032. Benchmark crude oil prices were lower after

By MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, taking some direction from crude oil. At 9:00 CDT Wednesday morning the Canadian dollar was at US$0.7088 or C$1.4108 which compares with Tuesday’s North American close of US$0.7127 or C$1.4032. Crude oil futures were down by about five per cent in

By MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The Canadian dollar was slightly higher on Tuesday, following a boost in crude oil futures. The dollar finished the day at US$0.7127 or US$1=C$1.4032, compared to Monday when it closed at US$0.7100 or US$1=C$1.4085. Today, the Canadian government announced an additional C$5 billion in lending from Farm Credit

By MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, as gains in crude oil provided some support for the energy-linked currency. At 9:16 CDT Tuesday morning the Canadian dollar was at US$0.7128 or C$1.4029 which compares with Monday’s North American close of US$0.7100 or C$1.4085. Oil was up sharply in

By MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The Canadian dollar was steady on Monday, as provinces across Canada cautiously begin to re-open amidst the COVID-19 pandemic. The dollar finished the day at US$0.7097 or US$1=C$1.4090, compared to Friday when it closed at US$0.7109 or US$1=C$1.4066. Benchmark crude oil prices were higher for the fourth day

By MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The Canadian dollar was weaker Monday morning, moving below 71 U.S. cents. May Day holidays in Europe and Asia limited activity in the currency markets to start the week, with many trading operations closed. At 9:30 CDT Monday morning the Canadian dollar was at US$0.7090 or C$1.4104 which

By MarketsFarm WINNIPEG, May 1 (MarketsFarm) – The Canadian dollar dropped eight-tenths of a cent on Friday due to declines in the North American stock markets. The dollar finished the day at US$0.7109 or US$1=C$1.4066, compared to Thursday when it closed at US$0.7189 or US$1=C$1.3910. The threat by U.S. President Donald Trump to impose new

By MarketsFarm WINNIPEG, May 1 (MarketsFarm) – The Canadian dollar was weaker on Friday morning, following poor earnings reports from the crude oil sector.      At 8:40 CDT Friday morning the Canadian dollar was at US$0.7136 or C$1.4013, which compares with Thursday’s North American close of US$0.7189 or C$1.3910. Imperial Oil Ltd. lost C$188 million

By MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday as increases crude oil prices edged out losses in the stock markets. The dollar finished the day at US$0.7189 or US$1=C$1.3910, compared to Wednesday when it closed at US$0.7183 or US$1=C$1.3922. Benchmark crude oil prices were stronger on Thursday as

By MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, continuing to gain ground relative to its United States counterpart as advances in crude oil provided support. At 9:04 CDT Thursday morning the Canadian dollar was at US$0.7189 or C$1.3910 which compares with Wednesday’s North American close of US$0.7183 or C$1.3922.