By MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, hitting its lowest level in 18 months relative to its United States counterpart. The Canadian dollar closed at US$0.7685 or US$1=C$1.3012 on Tuesday, which compares with Monday’s North American close of US$0.7714 or US$1=C$1.2964. A reduced appetite for risk in the […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was a pinch lower Tuesday morning as the United States dollar remained strong and as crude oil prices dipped. As of 8:38 am CDT, the Canadian dollar was at US$0.7704 or C$1.2979, compared to Monday’s close of US$0.7714 or C$1.2964. On the […] Read more

By MarketsFarm WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar was weaker on Monday, as sharp declines in crude oil and mounting concerns over the global economic outlook weighed on the energy-linked currency. The Canadian dollar closed at US$0.7714 or US$1=C$1.2964 on Monday, which compares with Friday’s North American close of US$0.7763 or US$1=C$1.26882. Crude […] Read more

WINNIPEG – The Canadian dollar was lower on Friday after the release of mixed jobs data from Statistics Canada. The loonie closed at US$0.7763 or US$1=C$1.2882, down from US$0.7799 or US$1=C$1.2822 on Thursday. Canada’s central data agency reported that 15,300 jobs were added in April, despite economists’ pre-report estimates at around 40,000. However, the unemployment […] Read more

WINNIPEG – The Canadian dollar inched downward on Thursday amid a major retreat on the stock markets. The loonie closed at US$0.7799 or US$1=C$1.2822, down from US$0.7806 or US$1=C$1.2810 on Wednesday. The United States Dollar Index rebounded from Wednesday’s drop, gaining 0.91 of a point at 103.50. Crude oil prices were higher over supply concerns […] Read more

WINNIPEG – The Canadian dollar continued to rise on Thursday. As of 8:46 a.m. CDT, the loonie was at US$0.7835 or US$1=C$1.2763, compared to US$0.7806 or US$1=C$1.2810 on Wednesday. The United States Dollar Index advanced 0.74 of a point at 103.33. On Wednesday, the U.S. Federal Reserve raised its key interest rate by 50 basis […] Read more

WINNIPEG – Higher crude oil prices and good trade news helped raise the Canadian dollar on Wednesday. The loonie closed at US$0.7806 or US$1=C$1.2810, up from US$0.7784 or US$1=C$1.2847 on Tuesday. Statistics Canada announced today that the country posted a C$3.1 billion merchandise trade surplus in February, as well as a preliminary estimate of C$2.5 […] Read more

WINNIPEG – The Canadian dollar opened Wednesday on a higher note. As of 8:37 a.m. CDT, the loonie was at US$0.7794 or US$1=C$1.2830, compared to US$0.7784 or US$1=C$1.2847 on Tuesday. The United States Dollar Index retreated 0.24 of a point at 103.23. Later today, the U.S. Federal Reserve is expected to announce a major increase […] Read more

WINNIPEG – The Canadian dollar inched a little bit higher on Tuesday while crude oil prices declined once again. The loonie closed at US$0.7784 or US$1=C$1.2847, up from US$0.7755 or US$1=C$1.2895 on Monday. The United States Dollar Index dropped 0.29 of a point at 103.45. The U.S. Federal Reserve is expected to raise its key […] Read more

WINNIPEG – The Canadian dollar was slightly higher on Tuesday despite declines in crude oil. As of 8:38 a.m. CDT, the loonie was at US$0.7783 or US$1=C$1.2849, compared to US$0.7755 or US$1=C$1.2895 on Monday. The United States Dollar Index eased off, losing 0.60 of a point at 103.15. While Beijing tightened its COVID-19 lockdown, curbs […] Read more