Currency Markets

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, in what analysts described as a ‘risk-off’ move ahead of the holidays. The Canadian dollar settled at US$0.7323 or US$1=C$1.3656 on Thursday, which compares with Wednesday’s close of US$0.7346 or US$1=C$1.3612. West Texas Intermediate retreated from earlier gains, down by […] Read more

Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Ukrainian President Volodymyr Zelenskyy made his first foreign trip since Russia’s invasion of Ukraine on Wednesday, visiting the White House in the afternoon and later addressing Congress in the evening. The visit was designed to shore up U.S. […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar is declining on Thursday morning. The loonie was at US$0.7324 or US$1=C$1.3654, down from US$0.7346 or US$1=C$1.3612 at Wednesday’s close. The United States Dollar Index gained 0.18 of a point at 104.34. Crude oil made gains on Thursday due to the easing of COVID-19 restrictions in China and a reduction […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 21 (MarketsFarm) – The Canadian dollar held steady on Wednesday, lacking any clear direction as market participants weighed the latest domestic inflation data. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612 on Wednesday, which compares with Tuesday’s close of US$0.7342 or US$1=C$1.3621. Canada’s annual rate of inflation dipped to 6.8 […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 21 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning as currency traders reacted to the country’s latest inflation data. At 8:41 a.m. CST Wednesday morning the Canadian dollar was at US$0.7340 or US$1=C$1.3624, which compares with Tuesday’s close of US$0.7342 or US$1=C$1.3621. Canada’s annual rate of inflation dipped […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 20 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, as global currency markets reacted to policy adjustments at the Bank of Japan that weighed on the United States dollar. The Canadian dollar settled at US$0.7342 or US$1=C$1.3621 on Tuesday, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653. Canadian retail […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 20 MarketsFarm) – The Canadian dollar was holding steady Tuesday morning in relatively subdued activity. At 8:33 a.m. CST Tuesday morning the Canadian dollar was at US$0.7326 or US$1=C$1.3650, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653. Canadian retail sales were up by 1.4 per cent in October compared […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 19 (MarketsFarm) – The Canadian dollar was stronger on Monday, seeing a modest recovery off nearby lows start the week amid expectations for increased Chinese demand for oil and other commodities. The Canadian dollar settled at US$0.7324 or US$1=C$1.3653 on Thursday, which compares with Friday’s close of US$0.7306 or US$1=C$1.3687. […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 19 MarketsFarm) – The Canadian dollar was firmer Monday morning, underpinned by gains in crude oil. At 8:42 a.m. CST Monday morning the Canadian dollar was at US$0.7330 or US$1=C$1.3643, which compares with Friday’s close of US$0.7306 or US$1=C$1.3687. Canada’s Industrial Product Price Index was down by 0.4 per cent […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 16 (MarketsFarm) – The Canadian dollar pulled back further on Friday, adding to the previous day’s losses. A slightly stronger United States dollar and weakness in global crude oil prices weighed on values. The loonie closed at US$0.7306 or US$1=C$1.3687, compared to Thursday’s close of US$0.7331 or US$1=C$1.3640. […] Read more