WINNIPEG – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7288 or US$1=C$1.3722, down from US$0.7292 or US$1=C$1.3713 on Friday. The United States Dollar Index shed 0.01 of a point at 111.00. Crude oil prices were also lower. Brent crude oil declined US$0.10 per barrel to US$93.40. West Texas […] Read more

WINNIPEG – The Canadian dollar was slightly lower on Monday morning. As of 8:33 a.m. CDT, the loonie was at US$0.7289 or US$1=C$1.3719, compared to US$0.7292 or US$1=C$1.3714 on Friday. On Wednesday, the Bank of Canada will announce its next raise of the key interest rate. The United States Dollar Index jumped 0.33 of a […] Read more

WINNIPEG – The Canadian dollar made a small gain on Friday to end the week, despite a negative report from Statistics Canada. The loonie closed at US$0.7292 or US$1=C$1.3713, up from US$0.7284 or US$1=C$1.3729 on Thursday. Canada’s central data agency reported that preliminary data showed Canadian retail sales dropped 0.5 per cent in September compared […] Read more

By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, with rising bond yields in the United States and expectations for continued rate hikes from the U.S. Federal Reserve supportive for the U.S. dollar at the expense of the loonie and other international currencies. At 8:55 a.m. CDT Friday morning […] Read more

WINNIPEG – The Canadian dollar moved upwards toward the 73 United States cent mark on Thursday. The loonie closed at US$0.7284 or US$1=C$1.3729, up from US$0.7257 or US$1=C$1.3779 on Wednesday. The United States Dollar Index was down 0.09 of a point at 112.89. Crude oil prices made slight gains due to speculation China may ease […] Read more

WINNIPEG – The Canadian dollar declined for the second straight day on Wednesday after the release of economic news from Statistics Canada (StatCan). The loonie closed at US$0.7257 or US$1=C$1.3779, down from US$0.7270 or US$1=C$1.3756 on Tuesday. Canada’s central data agency reported on Wednesday that the consumer price index rose 6.9 per cent in September, […] Read more

By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as currency traders reacted to the latest domestic economic data. At 8:35 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7273 or US$1=C$1.3749, which compares with Tuesday’s close of US$0.7270 or US$1=C$1.3756. Canada’s annual rate of inflation slowed slightly […] Read more

WINNIPEG – The Canadian dollar had a small decline on Tuesday after making a large gain on Monday. The loonie closed at US$0.7270 or US$1=C$1.3756, down from US$0.7283 or US$1=C$1.3730 on Monday. The United States Dollar Index was up 0.02 points at 112.06. Crude oil prices were lower on Tuesday after the White House indicated […] Read more

By MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning. A ‘risk-on’ attitude in global equity markets lending some support, while losses in crude oil weighed on the other side. At 9:27 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7290 or US$1=C$1.3717, which compares with Monday’s close of […] Read more

WINNIPEG – The Canadian dollar started the week with a big boost after a major pullback by the United States greenback. The loonie closed at US$0.7283 or US$1=C$1.3730, up on Monday, up from US$0.7217 or US$1=C$1.3856 on Friday. The United States Dollar Index fell 1.16 points to 112.15, its lowest level since Oct. 5. Crude […] Read more