By MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar held firm on Monday, as gains in energy and equity markets provided support. The Canadian dollar closed at US$0.8085 or US$1=C$1.2368 on Monday, which compares with Friday’s North American close of US$0.8075 or US$1=C$1.2384. The United States Federal Reserve is set to make its latest […] Read more

WINNIPEG – The Canadian dollar is slightly higher on Monday morning. As of 8:50 a.m. CDT, the loonie was at US$0.8078 or US$1=C$1.2379, compared to Friday’s close of US$0.8075 or US$1=C$1.2384. Benchmark crude oil prices jolted ahead to start Monday. Brent crude oil gained US$1.32 per barrel to US$85.04. Meanwhile, West Texas Intermediate (WTI) jumped […] Read more

WINNIPEG – The Canadian dollar had a monthly gain for the first time since May on Friday. However, the loonie weakened from Thursday after new data suggested a slowdown in Canada’s economic recovery. The loonie was at US$0.8075 or US$1=C$1.2384 on Friday, down from Thursday’s price of US$0.8098 or US$1=C$1.2349. Statistics Canada reported on Friday […] Read more

WINNIPEG – The Canadian dollar slipped back on Friday morning after reports of stagnant economic growth for the third quarter. As of 8:46 a.m. CDT, the loonie was at US$0.8080 or US$1=C$1.2376, compared to Thursday’s close of US$0.8098 or US$1=C$1.2349. Statistics Canada announced Thursday morning that Canada’s economy only grew 0.4 per cent in August […] Read more

WINNIPEG – The Canadian dollar was slightly higher on Thursday due to a weakening United States dollar after news of slowed economic growth. The loonie was at US$0.8098 or US$1=C$1.2349 on Thursday, up slightly from Wednesday’s price of US$0.8092 or US$1=C$1.2358. The U.S. Commerce Department reported on Thursday that the country’s gross domestic product increased […] Read more

WINNIPEG – The Canadian dollar held mostly steady Thursday morning. As of 8:34 a.m. CDT, the loonie was at US$0.8094 or US$1=C$1.2355, compared to Wednesday’s close of US$0.8092 or US$1=C$1.2358. Benchmark crude oil prices were mostly lower early Thursday. Brent crude oil dropped US$0.70 per barrel to US$83.88. West Texas Intermediate (WTI) slipped back US$0.50 […] Read more

WINNIPEG – The Canadian dollar was lifted on Wednesday after the Bank of Canada (BoC) announced it was ending its pandemic bond-buying stimulus program. The loonie was at US$0.8092 or US$1=C$1.2358 on Wednesday, up slightly from Tuesday’s price of US$0.8080 or US$1=C$1.2376. The BoC also announced it plans to raise key interest rates by April […] Read more

WINNIPEG – The Canadian dollar was down on Wednesday after crude oil prices declined, hours before the Bank of Canada (BoC) makes a key interest rate announcement. As of 8:33 a.m. CDT, the loonie was at US$0.8047 or US$1=C$1.2427, compared to Tuesday’s close of US$0.8080 or US$1=C$1.2376. Benchmark crude oil prices retreated after the American […] Read more

WINNIPEG – The Canadian dollar held mostly steady on Tuesday ahead of the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8080 or US$1=C$1.2376 on Tuesday, up slightly from Monday’s price of US$0.8078 or US$1=C$1.2379. The BoC is expected to raise its inflation forecast and end stimulus from its bond-buying […] Read more

WINNIPEG – The Canadian dollar was up on Tuesday, but held below the 81-cent United States mark despite rising crude oil prices. As of 8:36 a.m. CDT, the loonie was at US$0.8086 or US$1=C$1.2367, compared to Monday’s close of US$0.8078 or US$1=C$1.2379. The Bank of Canada will make a key interest rate announcement on Wednesday. […] Read more