WINNIPEG – The Canadian dollar dropped on Tuesday following a collapse in crude oil prices. The loonie closed at US$0.7343 or US$1=C$1.3618 on Tuesday, compared to US$0.7382 or US$1=C$1.3546 on Monday. The United States Dollar Index declined 0.23 of a point at 101.92. Crude oil had its largest one-day drop since Jan. 4 after the […] Read more

WINNIPEG – The Canadian dollar lost all of yesterday’s gains on Tuesday morning and then some. The loonie was at US$0.7350 or US$1=C$1.3605, down from US$0.7382 or US$1=C$1.3546 on Monday. Meanwhile, the United States Dollar Index added 0.16 of a point at 102.31, approaching its highest level since April 10. Crude oil continued its ongoing […] Read more

WINNIPEG – The Canadian dollar began the month of May on a positive note. The loonie closed at US$0.7382 or US$1=C$1.3546 on Monday, compared to US$0.7365 or US$1=C$1.3578 on Friday. Many markets outside North America were closed due to the May Day holiday. The United States Dollar Index rose 0.47 of a point at 102.13. […] Read more

WINNIPEG – The Canadian dollar started the month of May with a bit of strength. The loonie was at US$0.7374 or US$1=C$1.3561, up from US$0.7365 or US$1=C$1.3578 on Friday. Meanwhile, the United States Dollar Index added 0.05 of a point at 101.71. Crude oil was down due to concerns over China’s economic recovery. Brent crude […] Read more

By MarketsFarm   WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar strengthened ahead of the weekend on Friday, taking some direction from crude oil. The Canadian dollar settled at US$0.7365 or US$1=C$1.3578 on Friday, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Canada’s real gross domestic product was up by 0.1 per cent in […] Read more

By MarketsFarm   WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was slightly weaker relative to its United States counterpart Friday morning, as Canada’s latest inflation data failed to meet expectations. At 8:47 a.m. CDT Friday morning the Canadian dollar was at US$0.7335 or US$1=C$1.3633, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Canada’s […] Read more

By MarketsFarm   WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar edged slightly higher relative to its United States counterpart on Thursday, finding some support from a turn higher in crude oil. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612 on Thursday, which compares with Wednesday’s close of US$0.7339 or US$1=C$1.3625. Crude oil was thought […] Read more

By MarketsFarm   WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning. At 8:39 a.m. CDT Thursday morning the Canadian dollar was at US$0.7337 or US$1=C$1.3630, which compares with Wednesday’s close of US$0.7339 or US$1=C$1.3625. The minutes of the Bank of Canada’s latest policy meetings, which were released on Wednesday, were […] Read more

By MarketsFarm   WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar settled relatively unchanged on Wednesday, as investors reacted to the minutes of the Bank of Canada’s most recent monetary policy meetings. The Canadian dollar settled at US$0.7339 or US$1=C$1.3625 on Wednesday, which compares with Tuesday’s close of US$0.7341 or US$1=C$1.3623. The BoC minutes were […] Read more

By MarketsFarm   WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning. At 9:01 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7339 or US$1=C$1.3626, which compares with Tuesday’s close of US$0.7341 or US$1=C$1.3623. The Bank of Canada is set to release the minutes of its latest monetary policy meetings […] Read more