WINNIPEG – The Canadian dollar took a slight step down on Wednesday despite rising crude oil prices. The loonie closed at US$0.7702 or US$1=C$1.2983, down from US$0.7709 or US$1=C$1.2972 on Tuesday. The United States Dollar Index was relatively steady, losing only 0.02 of a point to 108.61. Crude oil prices continued to rally as the […] Read more

WINNIPEG – The Canadian dollar rose above the 77 United States cent mark on Tuesday due to a weakening of the U.S. greenback and the potential for crude oil production cuts. The loonie closed at US$0.7709 or US$1=C$1.2972, up from US$0.7672 or US$1=C$1.3035 on Monday. The U.S. Dollar Index lost 0.5 of a point to […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, as increases in crude oil countered a still relatively strong United States dollar. As of 8:36 am CDT, the loonie was at US$0.7684 or C$1.3007, compared to Monday’s close of US$0.7672 or C$1.3035. On the U.S. Dollar […] Read more

WINNIPEG – The Canadian dollar opened the week a little bit lower on Monday due to an easing of crude oil prices. The loonie closed at US$0.7672 or US$1=C$1.3035, down from US$0.7698 or US$1=C$1.2991 on Friday. The U.S. Dollar Index strengthened 0.77 of a point to 108.94. Crude oil prices suffered major losses earlier in […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 22 (MarketsFarm) – The Canadian dollar was slightly lower on Monday morning, as the United States dollar increased in strength and crude oil prices slid downwards. As of 8:36 am CDT, the Canadian dollar was at US$0.7682 or C$1.3021, compared to Friday’s close of US$0.7698 or C$1.2991. On […] Read more

By MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest level in a month relative to its United States counterpart. The Canadian dollar settled at US$0.7698 or US$1=C$1.2991 on Friday, which compares with Thursday’s close of US$0.7735 or US$1=C$1.2928. Uncertainty over a global economic slowdown had investors backing […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was lower on Friday morning, as the United States dollar gained strength and crude oil stepped back. As of 8:38 am CDT, the Canadian dollar was at US$0.7706 or C$1.2983, compared to Thursday’s close of US$0.7735 or C$1.2928. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as mounting expectations for an interest rate hike in the United States put some pressure on the currency. The Canadian dollar settled at US$0.7735 or US$1=C$1.2928 on Thursday, which compares with Wednesday’s close of US$0.7745 or US$1=C$1.2912. U.S. Federal Reserve officials […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday morning, as a stronger United States dollar offset increases in crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7743 or C$1.2913, compared to Wednesday’s close of US$0.7745 or C$1.2912. On the United […] Read more

WINNIPEG – The Canadian dollar was weaker on Wednesday, taking back Tuesday’s gains. The Canadian dollar settled at US$0.7745 or US$1=C$1.2912 on Wednesday, which compares with Tuesday’s close of US$0.7772 or US$1=C$1.2867. The softer tone in the currency came despite gains in crude oil, with West Texas Intermediate crude oil up by 1.43 per cent […] Read more