Currency Markets

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning, seeing a modest correction after hitting its highest level in six weeks relative to its United States counterpart on Tuesday. At 9:07 a.m. CST Tuesday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Monday’s close […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger on Monday, as a move by China to reopen its borders led to some increased optimism in global financial markets. The Canadian dollar settled at US$0.7476 or US$1=C$1.3376 on Monday, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was stronger Monday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Monday morning the Canadian dollar was at US$0.7460 or US$1=C$1.3405, which compares with Friday’s close of US$0.7415 or US$1=C$1.3486. The value of building permits issued in Canada climbed by 14.1 […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar jumped on Friday to its highest close in more than a month after the release of supportive economic data from Statistics Canada (StatCan). The loonie closed at US$0.7415 or US$1=C$1.3486, up from US$0.7372 or US$1=C$1.3564 on Thursday. On Friday, StatCan reported that 104,000 jobs were added to the Canadian economy […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar made a slight gain on Friday morning after the release of positive economic news from Statistics Canada (StatCan). The loonie was at US$0.7391 or US$1=C$1.3530, up from US$0.7372 or US$1=C$1.3564 at Thursday’s close. StatCan reported on Friday that the Canadian economy added 104,000 jobs in December while also cutting the […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday. The loonie closed at US$0.7372 or US$1=C$1.3564, down from US$0.7403 or US$1=C$1.3508 on Wednesday. The U.S. Dollar Index gained 0.91 of a point at 105.15. Crude oil prices rebounded on Thursday as the market corrected itself amid new COVID-19 infections in China. […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday morning. The loonie was at US$0.7386 or US$1=C$1.3539, down from US$0.7403 or US$1=C$1.3508 at Wednesday’s close. Statistics Canada (StatCan) reported on Thursday that the country recorded a trade deficit of C$41 million last November due to a decline in energy exports, which […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar regained upward momentum on Wednesday to reach a month-long high. The loonie closed at US$0.7403 or US$1=C$1.3508, up from US$0.7322 or US$1=C$1.3658 on Tuesday. The last time the Canadian dollar closed above 74 United States cents was on Dec. 2, 2022. The U.S. Dollar Index declined 0.26 of a point […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar regained positive momentum on Wednesday after suffering a big drop on Tuesday. The loonie was at US$0.7384 or US$1=C$1.3543, up from US$0.7322 or US$1=C$1.3658 at Tuesday’s close. The United States Dollar Index declined 0.47 of a point at 104.05. Crude oil continued its slide on Wednesday due to the rising […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar took a tumble to start 2023. The loonie closed at US$0.7322 or US$1=C$1.3658, down from US$0.7383 or US$1=C$1.3544 on Dec. 30. The Bank of Canada (BoC) did not post an exchange rate on Jan. 2 due to the New Year’s Day holiday. The U.S. Dollar Index jumped 1.12 points at […] Read more