By MarketsFarm WINNIPEG, Sep. 29 (MarketsFarm) – The Canadian dollar was weaker on Thursday, amid broad global economic uncertainty and a general tone of risk aversion in the financial markets. The Canadian dollar settled at US$0.7296 or US$1=C$1.3707 on Thursday, which compares with Wednesday’s close of US$0.7321 or US$1=C$1.3660. The weakness in the currency came […] Read more

By MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning as investors reacted to updated domestic economic data. At 8:45 a.m. CDT Thursday morning the Canadian dollar was at US$0.7310 or US$1=C$1.3680, which compares with Wednesday’s close of US$0.7321 or US$1=C$1.3660. Canada’s gross domestic product was up by 0.1 per […] Read more

By MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, as the currency held above the multi-year lows hit earlier in the week. At 8:44 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7300 or US$1=C$1.3699, which compares with Tuesday’s close of US$0.7285 or US$1=C$1.3726. A firmer tone in […] Read more

Canadian Financial Close: C$ holds rangebound By MarketsFarm WINNIPEG, Sep. 27 (MarketsFarm) – The Canadian dollar held within a narrow range on Tuesday, seeing some consolidation after dropping sharply relative to its United States counterpart on Monday. The Canadian dollar settled at US$0.7285 or US$1=C$1.3726 on Tuesday, which compares with Monday’s close of US$0.7291 or […] Read more

By MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – The Canadian dollar was only slightly weaker Tuesday morning, taking a breather after falling to its lowest level in over two years relative to its United States counterpart. At 8:44 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7280 or US$1=C$1.3736, which compares with Monday’s close of […] Read more

By MarketsFarm WINNIPEG, Sep. 26 (MarketsFarm) – The Canadian dollar was weaker on Monday, falling to its lowest level since May 2020 relative to its United States counterpart. The Canadian dollar settled at US$0.7291 or US$1=C$1.3716 on Monday, which compares with Friday’s close of US$0.7369 or US$1=C$1.3570. Preliminary trade data for August showed that Canadian […] Read more

WINNIPEG – The Canadian dollar ended the week lower on Friday after a day of recession fear-based selling rattled the markets. The loonie closed at US$0.7369 or US$1=C$1.3570, down from US$0.7418 or US$1=C$1.3480 on Thursday. Meanwhile, Statistics Canada announced that retail sales fell 2.5 per cent to C$61.3 billion in July, the first monthly decline […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar remained on its downward slide Friday morning, as the United States dollar continued to surge upward. As of 8:38 am CDT, the Canadian dollar was at US$0.7370 or C$1.3567, compared to Thursday’s close of US$0.7418 or C$1.3480. On the U.S. Dollar Index, […] Read more

WINNIPEG – The Canadian dollar was lower on Thursday due to a stronger United States greenback. The loonie was at US$0.7416 or US$1=C$1.3484 as of 3:38 p.m. CDT on Thursday, down from US$0.7464 or US$1=C$1.3397 on Wednesday. The Bank of Canada (BoC) did not publish its exchange rate at press time. The United States Dollar […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was still losing ground on Wednesday morning as the United States dollar resumed its upward trajectory. Gains in crude oil prices tempered further decreases. As of 8:37 am CDT, the Canadian dollar was at US$0.7418 or C$1.3482, compared to Wednesday’s close of […] Read more