Currency Markets

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar was sharply weaker on Monday, as a reduced appetite for risk in the global financial markets amid the ongoing tensions between Russia and Ukraine weighed on the currency. Equities and crude oil were both weaker on the day. The Canadian dollar closed at US$0.7901 or […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar weaker on Monday morning due to losses in crude oil prices and an increase in the United States dollar. As of 8:36 am CST, the Canadian dollar was at US$0.7912 or C$1.2641, compared to Friday’s close of US$0.7971 or C$1.2545. On the […] Read more

Reading Time: < 1 minute WINNIPEG – Days before a potential key interest rate hike by the Bank of Canada, the Canadian dollar ended the week below the 80 United States cents mark. The loonie was at US$0.7971 or US$1=C$1.2545 on Friday, down from Thursday’s close of US$0.8017 or US$1=C$1.2474. Many analysts expect the BoC to raise its key interest […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar pushed a little bit higher on Thursday, as the equity markets stabilized. The loonie closed at US$0.8017 or US$1=C$1.2474, compared to Tuesday’s close of US$0.8005 or US$1=C$1.2492. On the U.S. Dollar Index, the greenback gained 0.295 a point at 95.795. Benchmark crude […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar cracked the psychological 80 United States cent mark on Wednesday, benefitting from gains in crude oil and a step back in the U.S. dollar. The loonie closed at US$0.8005 or US$1=C$1.2492, compared to Tuesday’s close of US$0.7981 or US$1=C$1.2529. The have been […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, moving above the psychological 80 U.S. cent mark. At 8:44 a.m. CST Wednesday morning the Canadian dollar was at US$0.8021 or US$1=C$1.2467 which compares with Tuesday’s close of US$0.7981 or US$1=C$1.2529. Canada’s consumer price index was up by 4.8 per cent […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The Canadian dollar dipped slightly on Tuesday, as its United States counterpart gained strength. However, spikes in crude oil prices tempered further declines in the Canadian dollar. The loonie closed at US$0.7981 or US$1=C$1.2529, compared to Monday’s close of US$0.7987 or US$1=C$1.2520. On the U.S. […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning amid conflicting outside influences. At 8:53 a.m. CST Tuesday morning the Canadian dollar was at US$0.7986 or US$1=C$1.2522 which compares with Monday’s close of US$0.7987 or US$1=C$1.2520. Broad strength in the United States dollar internationally put some pressure on the […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, on strength of domestic data and increases in crude oil prices. The loonie closed at US$0.7987 or US$1=C$1.2520, compared to Friday’s close of US$0.7971 or US$1=C$1.2545. The Canadian Real Estate Association reported that home prices vaulted 26.6 […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, with expectations for looming interest rate hikes in the United States largely priced into the global currency markets for the time being. At 8:45 a.m. CST Monday morning the Canadian dollar was at US$0.7983 or US$1=C$1.2527 which compares with Friday’s […] Read more