Currency Markets

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning, as the currency markets await the latest interest rate announcement from the United States Federal Reserve. At 8:41 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7350 or US$1=C$1.3605, which compares with Tuesday’s close of US$0.7345 or US$1=C$1.3614. […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, with positioning ahead of the United States Federal Reserve’s upcoming interest rate decision behind some of the activity. The Canadian dollar settled at US$0.7345 or US$1=C$1.3614 on Tuesday, which compares with Monday’s close of US$0.7327 or US$1=C$1.3649. It’s generally expected […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning as broad weakness in the United States dollar internationally provided some support. At 8:47 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7380 or US$1=C$1.3550, which compares with Monday’s close of US$0.7327 or US$1=C$1.3649. Positioning ahead of the U.S. Federal […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, as losses in crude oil and positioning ahead of the United States Federal Reserve’s upcoming interest rate decision weighed on the currency. The Canadian dollar settled at US$0.7327 or US$1=C$1.3649 on Tuesday, which compares with Friday’s close of US$0.7345 or […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was weaker Monday morning, with losses in crude oil weighing on the energy-linked currency. At 8:48 a.m. CDT Monday morning the Canadian dollar was at US$0.7310 or US$1=C$1.3680, which compares with Friday’s close of US$0.7345 or US$1=C$1.3615. Economic data out of China failed to live […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar declined Friday, hours after a somewhat positive report from Statistics Canada (StatCan). The loonie closed at US$0.7345 or US$1=C$1.3615, down from US$0.7382 or US$1=C$1.3547 on Thursday. In a report released by StatCan, Canada’s economy grew by 0.1 per cent in August and preliminary data suggested another 0.1 per cent increase […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar moved downwards on Friday morning after the release of a report from Statistics Canada (StatCan). As of 8:39 a.m. CDT, the loonie was at US$0.7348 or US$1=C$1.3609, compared to US$0.7382 or US$1=C$1.3547 on Thursday. Earlier today, StatCan reported that Canada’s economy grew by 0.1 per cent in August while preliminary […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar continued its ongoing rally on Thursday. The loonie closed at US$0.7382 or US$1=C$1.3547, up from US$0.7372 or US$1=C$1.3565 on Wednesday. The United States Dollar Index was on the rebound, gaining 0.87 of a point at 110.57. Crude oil prices added on to gains made yesterday. Brent crude oil jumped US$1.04 […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar moved slightly upward the day after an announcement from the Bank of Canada (BoC). As of 8:34 a.m. CDT, the loonie was at US$0.7380 or US$1=C$1.3550, compared to US$0.7372 or US$1=C$1.3565 on Wednesday. That day, BoC announced it raised its key interest rate by 50 basis points to 3.75 per […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar climbed higher on Wednesday after a surprising announcement from the Bank of Canada (BoC). The loonie closed at US$0.7372 or US$1=C$1.3565, up from US$0.7332 or US$1=C$1.3638 on Tuesday. The BoC announced on Wednesday it raised the key interest rate by 50 basis points to 3.75 per cent in an effort […] Read more