By MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The Canadian dollar was softer Tuesday morning, as early weakness in crude oil put some pressure on the energy-linked currency. At 8:35 a.m. CDT Monday morning the Canadian dollar was at US$0.7913 or US$1=C$1.2637, which compares with Monday’s close of US$0.7925 or US$1=C$1.2618. Canadian investors reduced their holdings […] Read more
Canadian dollar and business outlook
Canadian Financial Close: Loonie lower from greenback pressure
US dollar gains more strength
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar was slightly lower on Monday, as pressure from a stronger United States dollar overpowered support from higher crude oil prices. The loonie closed at US$0.7925 or US$1=C$1.2618, compared to Thursday’s close of US$0.7936 or US$1=C$1.2601. On the United States Dollar Index, the […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar was softer Monday morning, although activity was subdued to start the week. At 8:45 a.m. CDT Monday morning the Canadian dollar was at US$0.7921 or US$1=C$1.2625, which compares with Thursday’s close of US$0.7936 or US$1=C$1.2601. Canadian markets were closed Friday for Good Friday. European markets […] Read more
ICE Canada Morning Comment: Canola climbing after Easter holiday
Increases in soy, palm oil
By Glen Hallick, MarketsFarm WINNIPEG, April 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, as trading resumes after the Easter long weekend. Support was coming from gains in Chicago soybeans and soyoil along with strong upticks in Malaysian palm oil. The European markets are closed for Easter Monday. Moderate increases […] Read more
Canadian Financial Close: C$ steady ahead of weekend
By MarketsFarm WINNIPEG, April 14 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, as pressure from the broad strength seen by the United States dollar internationally was countered by gains in crude oil. The Canadian dollar closed at US$0.7936 or US$1=C$1.2601 on Thursday, which compares with Wednesday’s North American close of US$0.7932 or […] Read more
Canadian Dollar and Business Outlook: Loonie up in face of pressure
Greenback up, crude oil down
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 14 (MarketsFarm) – The Canadian dollar was higher on Thursday morning despite gains in the United States dollar and lower crude oil prices. As of 8:38 am CDT, the Canadian dollar was at US$0.7948 or C$1.2582, compared to Wednesday’s close of US$0.7932 or C$1.2607. On the U.S. Dollar […] Read more
Canadian Financial Close: C$ ends steady after BoC rate hike
By MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, recovering from earlier weakness as gains in crude oil and increased Canadian interest rates provided support. The Canadian dollar closed at US$0.7932 or US$1=C$1.2607 on Tuesday, which compares with Tuesday’s North American close of US$0.7926 or US$1=C$1.2617. The Bank of […] Read more
Canadian Financial Close: C$ holds steady
By MarketsFarm WINNIPEG, April 12 (MarketsFarm) – The Canadian dollar held relatively steady on Tuesday, with gains in crude oil providing some underlying support for the energy-linked currency. The Canadian dollar closed at US$0.7926 or US$1=C$1.2617 on Tuesday, which compares with Monday’s North American close of US$0.7923 or US$1=C$1.2621. The Bank of Canada will make […] Read more
Canadian Dollar and Business Outlook: Loonie edges up slightly
Crude oil making a recovery
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – The Canadian dollar was a pinch higher on Tuesday morning, as global crude oil prices recovered a large chunk of yesterday’s losses. As of 8:36 am CDT, the Canadian dollar was at US$0.7929 or C$1.2612, compared to Monday’s close of US$0.7923 or C$1.2621. The Bank […] Read more
Canadian Financial Close: C$ weakens with oil
By MarketsFarm WINNIPEG, April 11 (MarketsFarm) – The Canadian dollar was weaker on Monday, with losses in crude oil putting some pressure on the energy-linked currency. The Canadian dollar closed at US$0.7923 or US$1=C$1.2621 on Monday, which compares with Friday’s North American close of US$0.7943 or US$1=C$1.2589. Renewed COVID-19 lockdown measures in China raised concerns […] Read more