Compiled by MarketsFarm WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar stepped back on Tuesday, as its United States counterpart was slightly higher and a diplomatic rift between Canada and China continued to develop. The Canadian dollar closed at US$0.7468 or US$1=C$1.3390, compared to Monday’s finish of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar was slightly lower on Tuesday morning, as the United States dollar was stronger and crude oil prices eased back. As of 8:48 am CDT, the loonie was at US$0.7467 or C$1.3392, compared to Monday’s close of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar Index, the […] Read more

Compiled by MarketsFarm WINNIPEG, May 8 (MarketsFarm) – Although the Canadian dollar lacked the strength to remain above 75 U.S. cents on Monday, it still climbed four-tenths of a cent. The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Friday’s finish of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback was up […] Read more

By MarketsFarm WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar pushed above 75 U.S. cents on Monday morning, due to the upswing in crude oil prices. As of 8:35 am CDT, the loonie was at US$0.7502 or C$1.3328, compared to Friday’s close of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback slipped 0.104 […] Read more

WINNIPEG – The Canadian dollar ended the week on a high note hours after the release of economic data from Statistics Canada (StatCan). The loonie closed at US$0.7448 or US$1=C$1.3427 on Friday for its biggest one-day gain in four months, compared to US$0.7371 or US$1=C$1.3566 on Thursday. StatCan reported on Friday that the country’s economy […] Read more

WINNIPEG – The Canadian dollar surged on Friday morning after the release of welcome jobs data from Statistics Canada (StatCan). The loonie was at US$0.7433 or US$1=C$1.3454, up from US$0.7371 or US$1=C$1.3566 on Thursday. StatCan reported on Friday that 41,000 jobs were added to the country’s economy in April, all of which were part-time. The […] Read more

WINNIPEG – The Canadian dollar took a big jump on Thursday. The loonie closed at US$0.7371 or US$1=C$1.3566, compared to US$0.7344 or US$1=C$1.3616 on Wednesday. The United States Dollar Index added 0.07 of a point at 101.41. The Federal Reserve announced a 25-basis point hike to its key interest rates on Wednesday. Crude oil was […] Read more

WINNIPEG – The Canadian dollar made gains on Thursday morning. The loonie was at US$0.7356 or US$1=C$1.3594, up from US$0.7344 or US$1=C$1.3616 on Wednesday. The United States Dollar Index added 0.03 of a point at 101.37. The U.S. Federal Reserve announced a 25-basis point hike to its key interest rates on Wednesday. Crude oil is […] Read more

WINNIPEG – The Canadian dollar was steady on Wednesday while crude oil continued its collapse. The loonie closed at US$0.7344 or US$1=C$1.3616, compared to US$0.7343 or US$1=C$1.3618 on Tuesday. The United States Dollar Index dropped 0.59 of a point at 101.37 hours after the Federal Reserve announced a 25-basis point hike to its key interest […] Read more

WINNIPEG – The Canadian dollar stepped back a little on Wednesday morning. The loonie was at US$0.7338 or US$1=C$1.3628, down from US$0.7343 or US$1=C$1.3618 on Tuesday. The United States Dollar Index shed 0.43 of a point at 101.53. The U.S. Federal Reserve is likely to announce a 25-basis point hike to its key interest rates […] Read more