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By MarketsFarm WINNIPEG, Aug. 25 (MarketsFarm) – The Canadian dollar was slightly softer Wednesday morning, seeing a modest correction after strengthening sharply relative to its United States counterpart earlier in the week. At 8:45 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7910 or US$1=C$1.2642 which compares with Tuesday’s North American close of US$0.7931 […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar had another good jump for a second day in a row when it closed Tuesday, as it pushed well above 79 United States cents. The loonie closed at US$0.7931 or US$1=C$1.2608, compared to Monday’s close of US$0.7785 or US$1=C$1.2682. On the U.S. […] Read more

By MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, seeing a continuation of Monday’s sharp rise relative to its United States counterpart. At 8:54 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7914 or US$1=C$1.2636 which compares with Monday’s North American close of US$0.7885 or US$1=C$1.2682. Broad weakness in […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The Canadian dollar gained more than a cent on Monday, on sharp upticks in crude oil prices while its United States counterpart lost ground. The loonie closed at US$0.7885 or US$1=C$1.2682, compared to Friday’s close of US$0.7778 or US$1=C$1.2856. On the U.S. Dollar Index, the […] Read more

By MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The Canadian dollar was sharply stronger Monday morning, recovering from last week’s losses as a rally in crude oil underpinned the energy-linked currency. At 9:15 a.m. CDT Monday morning, the Canadian dollar was at US$0.7855 or US$1=C$1.2731 which compares with Friday’s North American close of US$0.7778 or US$1=C$1.2856. […] Read more

WINNIPEG – The Canadian dollar declined on Friday to its largest weekly loss since March 2020 despite welcome retail sales news. The loonie was at US$0.7778 or US$1=C$1.2856 on Friday, compared to Thursday’s close at US$0.7817 or US$1=C$1.2792. Statistics Canada reported on Friday retail sales went up 4.2 per cent in June due to easing […] Read more

WINNIPEG – Both the Canadian dollar and crude oil prices continued to lose ground on Friday due to the rise of COVID-19 infections. As of 8:56 a.m. CDT, the loonie was at US$0.7775 or US$1=C$1.2862, compared to US$0.7817 or US$1=C$1.2792 when markets closed on Thursday. Crude oil sank to their lowest prices since May on […] Read more

WINNIPEG – The Canadian dollar had a freefall on Thursday to its lowest level in six months in the face of a stronger United States dollar and lower crude oil prices. The loonie was at US$0.7817 or US$1=C$1.2792 on Thursday, compared to Wednesday’s close at US$0.7918 or US$1=C$1.2630. The U.S. Dollar Index was up 0.42 […] Read more

WINNIPEG – The Canadian dollar fell hard on Thursday following the lead of crude oil prices. As of 8:55 a.m. CDT, the loonie was at US$0.7834 or US$1=C$1.2765, compared to US$0.7918 or US$1=C$1.2630 when markets closed on Wednesday. Crude oil sank to their lowest prices since May on Thursday. Brent crude oil dropped US$1.79 per […] Read more

WINNIPEG – The Canadian dollar was mostly flat on Wednesday, but still reached a four-week low only hours after the release of new inflation data. The loonie was at US$0.7918 or US$1=C$1.2630 on Wednesday, compared to Tuesday’s close at US$0.7922 or US$1=C$1.2623. Statistics Canada reported that Canada’s inflation rate rose to 3.7 per cent in […] Read more