Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – The Canadian dollar was weaker on Wednesday morning, as the United States dollar was slightly stronger. As of 8:37 am CDT, the Canadian dollar was at US$0.7742 or C$1.2924, compared to Tuesday’s close of US$0.7772 or C$1.2867. On the United States Dollar Index, the greenback […] Read more

By MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, seeing a modest correction after Monday’s sharp drop relative to its United States counterpart. The Canadian dollar settled at US$0.7772 or US$1=C$1.2867 on Tuesday, which compares with Monday’s close of US$0.7747 or US$1=C$1.2908. Canada’s annual rate of inflation came in at […] Read more

WINNIPEG – After a large drop on Monday, the Canadian dollar regained some of its losses on Tuesday after the announcement of welcome inflation news. As of 9:08 a.m. CDT, the loonie was at US$0.7768 or US$1=C$1.2873, compared to US$0.7747 or US$1=C$1.2908 on Monday. Statistics Canada reported on Tuesday that Canada’s annual inflation rate dropped […] Read more

WINNIPEG- The Canadian dollar was weaker at Monday’s close, as soft Chinese economic data and losses in crude oil weighed on the currency. The Canadian dollar settled at US$0.7747 or US$1=C$1.2908 on Monday, which compares with Friday’s close of US$0.7823 or US$1=C$1.2783. Signs of slowing activity in China’s economy saw the country’s central bank unexpectedly […] Read more

WINNIPEG – The Canadian dollar took a tumble on Monday largely due to a potential economic slowdown in China. As of 9:07 a.m. CDT, the loonie was at US$0.7740 or US$1=C$1.2920, compared to US$0.7823 or US$1=C$1.2783 on Friday. Canada’s central data agency reported on Monday that manufacturing sales fell 0.8 per cent in June, led […] Read more

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after hitting its highest level in two months relative to its United States counterpart. The Canadian dollar settled at US$0.7823 or US$1=C$1.2783 on Friday, which compares with Thursday’s close of US$0.7841 or US$1=C$1.2753. Crude oil […] Read more

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as losses in crude oil and general strength in the United States dollar internationally weighed on the currency. At 8:55 a.m. CDT Friday morning the Canadian dollar was at US$0.7820 or US$1=C$1.2788, which compares with Thursday’s close of US$0.7841 or […] Read more

WINNIPEG – The Canadian dollar made more gains on Thursday due to higher crude oil prices and a weakening United States dollar. The loonie closed at US$0.7841 or US$1=C$1.2753, up from US$0.7819 or US$1=C$1.2789 on Wednesday. The U.S. Dollar Index eased off 0.02 of a point to 105.18. Crude oil prices rallied on Thursday as […] Read more

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s rally as gains in crude oil provided support. At 9:22 a.m. CDT Thursday morning the Canadian dollar was at US$0.7850 or US$1=C$1.2739, which compares with Wednesday’s close of US$0.7819 or US$1=C$1.2789. Citing COVID-19 restrictions and geopolitical […] Read more

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as currency markets reacted to updated inflation data out of the United States. The Canadian dollar settled at US$0.7819 or US$1=C$1.2789 on Wednesday, which compares with Tuesday’s close of US$0.7764 or US$1=C$1.2880. The U.S. Consumer Price Index was up by 8.5 […] Read more