WINNIPEG – The Canadian dollar slipped back on Monday due to softening crude oil prices and speculation regarding the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8078 or US$1=C$1.2379 on Monday, down from Friday’s price of US$0.8093 or US$1=C$1.2357. The BoC is expected to raise its inflation forecast and […] Read more

WINNIPEG – The Canadian dollar held below the 81-cent United States mark despite rising crude oil prices. As of 8:32 a.m. CDT, the loonie was at US$0.8084 or US$1=C$1.2370, compared to Friday’s close of US$0.8093 or US$1=C$1.2357. Benchmark crude oil prices rallied to start the week as Brent crude oil gained US$0.91 per barrel to […] Read more

By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, posting only small losses as the currency traded near its highest levels in four months. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Friday, which compares with Thursday’s North American close of US$0.8097 or US$1=C$1.2351. Positioning ahead of the […] Read more

WINNIPEG – The Canadian dollar moved its way back above the 81-cent United States mark on Friday despite news of fewer retail sales in September. As of 8:33 a.m. CDT, the loonie was at US$0.8109 or US$1=C$1.2332, compared to Thursday’s close of US$0.8097 or US$1=C$1.2351. Statistics Canada reported today receipts fell 1.9 per cent in […] Read more

By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, seeing a modest correction after hitting its strongest level relative to its United States counterpart in nearly four months. The Canadian dollar closed at US$0.8097 or US$1=C$1.2351 on Thursday, which compares with Wednesday’s North American close of US$0.8111 or US$1=C$1.2329. […] Read more

WINNIPEG – The Canadian dollar was mostly unchanged on Thursday while weekly jobless claims in the United States hit its lowest number since the start of the COVID-19 pandemic. As of 8:34 a.m. CDT, the loonie was at US$0.8114 or US$1=C$1.2324, compared to Wednesday’s close of US$0.8111 or US$1=C$1.2329. The U.S. Labor Department announced on […] Read more

By MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest level relative to its United States counterpart in over three months. The Canadian dollar closed at US$0.8111 or US$1=C$1.2329 on Wednesday, which compares with Tuesday’s North American close of US$0.8093 or US$1=C$1.2357. Canada’s annual rate of inflation hit […] Read more

WINNIPEG – The Canadian dollar stayed mostly steady on Wednesday despite domestic inflation data that beat expectations. As of 8:39 a.m. CDT, the loonie was at US$0.8097 or US$1=C$1.2350, compared to US$0.8093 or US$1=C$1.2357 on Tuesday. Statistics Canada announced on Wednesday the consumer price index increased 4.4 per cent in September from the year before, […] Read more

By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting fresh three-month highs as the United States dollar saw broad weakness internationally. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Tuesday, which compares with Monday’s North American close of US$0.8081 or US$1=C$1.2375. Advances in crude oil contributed to the […] Read more

WINNIPEG – The Canadian dollar rose to a three-month high on Tuesday as crude oil prices begin to ease. As of 8:30 a.m. CDT, the loonie was at US$0.8087 or US$1=C$1.2366, compared to US$0.8081 or US$1=C$1.2375 on Monday. Brent crude oil dipped US$0.17 per barrel to US$84.16. West Texas Intermediate (WTI) dropped US$0.28 to US$82.16/barrel. […] Read more