Currency Markets

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, backing away from Thursday’s seven-week highs. A declining appetite for riskier assets was reportedly weighing on the currency, although both crude oil and the TSX were up on the day. The Canadian dollar settled at US$0.7459 or US$1=C$1.3406 on […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, seeing a modest correction from the seven-week highs relative to its United States counterpart hit the previous session. At 8:48 a.m. CST Friday morning the Canadian dollar was at US$0.7443 or US$1=C$1.3435, which compares with Thursday’s close of US$0.7475 […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was stronger on Thursday, as currency traders reacted to softening inflation data out of the United States. The Canadian dollar settled at US$0.7475 or US$1=C$1.3378 on Thursday, which compares with Wednesday’s close of US$0.7449 or US$1=C$1.3425. The U.S. rate of inflation dipped to 6.5 […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, retreating from early gains relative to its United States counterpart. At 9:10 a.m. CST Thursday morning the Canadian dollar was at US$0.7440 or US$1=C$1.3441, which compares with Wednesday’s close of US$0.7449 or US$1=C$1.3425. Broad weakness in the U.S. dollar internationally […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, seeing some consolidation after recent moves. The Canadian dollar settled at US$0.7449 or US$1=C$1.3425 on Wednesday, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. While gains in crude oil provided some support, uncertainty ahead of updated inflation data […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, underpinned by gains in crude oil. At 8:51 a.m. CST Wednesday morning the Canadian dollar was at US$0.7450 or US$1=C$1.3423, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421. Easing COVID-19 restrictions in China and expectations for rising world oil […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly softer on Tuesday, backing away from the six-week highs relative to its United States counterpart hit the previous session. The Canadian dollar settled at US$0.7451 or US$1=C$1.3421 on Tuesday, which compares with Monday’s close of US$0.7451 or US$1=C$1.3421. A speech by U.S. […] Read more

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