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WINNIPEG – The Canadian dollar increased on Wednesday due to a weakened United States dollar, new inflation data and rising crude oil prices. The loonie was at US$0.7905 or US$1=C$1.2651 on Wednesday, up from Tuesday’s close of US$0.7898 or US$1=C$1.2661. Statistics Canada reported on Wednesday that inflation rose to 4.1 per cent in August, its […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday morning, as the downward pressure from the Statistics Canada report on inflation was largely countered by support from a lower United States dollar and increases in crude oil prices. As of 8:35 CDT, the Canadian dollar was […] Read more

WINNIPEG – The Canadian dollar stayed flat on Tuesday just one day before Statistics Canada releases its inflation data for August. The loonie was at US$0.7898 or US$1=C$1.2661 on Tuesday. Meanwhile, the United States Dollar Index was down 0.03 of a point at 92.65. Benchmark crude oil prices were mixed on Tuesday. Brent crude oil […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning as the United States dollar pulled back and crude oil prices made gains. As of 8:35 CDT, the Canadian dollar was at US$0.7924 or C$1.2623 compared to Monday’s close of US$0.7898 or C$1.2662. On the U.S. Dollar […] Read more

WINNIPEG – The Canadian dollar dipped below 79 cents United States on Monday hours after the United States Federal Reserve released a survey outlining consumers’ expectations on inflation. The loonie was at US$0.7898 or US$1=C$1.2661 on Monday, compared to Friday’s close at US$0.7917 or US$1=C$1.2631. According to the Fed, U.S. consumers expect inflation to move […] Read more

By MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as general strength in the United States dollar internationally put some pressure on the currency. At 8:45 a.m. CDT Monday morning, the Canadian dollar was at US$0.7902 or US$1=C$1.2655 which compares with Friday’s North American close of US$0.7917 or US$1=C$1.2631. […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, due to a positive jobs report from Statistics Canada and as crude oil prices improved. The loonie closed at US$0.7917 or US$1=C$1.2631, compared to Thursday’s close of US$0.7903 or US$1=C$1.2654. The federal data agency reported a net […] Read more

WINNIPEG – The Canadian dollar was riding a wave of optimism on Friday morning after an encouraging job report from Statistics Canada. As of 8:35 a.m. CDT, the loonie was at US$0.7941 or US$1=C$1.2593, compared to US$0.7903 or US$1=C$1.2654 when markets closed on Thursday. The national data agency reported on Friday that Canada’s economy added […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The Canadian dollar was higher on Thursday, after Bank of Canada Governor Tiff Macklem announced the central bank will increase interest rates before curtailing its holdings of government bonds. The loonie closed at US$0.7903 or US$1=C$1.2654, compared to Wednesday’s close of US$0.7889 or US$1=C$1.2676. On […] Read more

WINNIPEG – The Canadian dollar was mostly steady on Thursday after a key interest rate decision by the Bank of Canada and welcome job data from the United States. As of 8:38 a.m. CDT, the loonie was at US$0.7895 or US$1=C$1.2666, compared to US$0.7889 or US$1=C$1.2676 when markets closed on Wednesday. The Bank of Canada […] Read more