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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

WINNIPEG – The Canadian dollar was steady on Wednesday despite new inflation data. As of 8:45 a.m. CDT, the loonie was at US$0.7924 or US$1=C$1.2620, compared to US$0.7922 or US$1=C$1.2623 when markets closed on Tuesday. On Wednesday, Statistics Canada reported that inflation rose to 3.7 per cent in July, the highest level since 2011. Crude […] Read more

WINNIPEG – The Canadian dollar dropped again on Tuesday while crude oil slipped back further. The loonie was at US$0.7922 or US$1=C$1.2623 on Tuesday, compared to Monday’s close at US$0.7956 or US$1=C$1.2569. The United States Commerce Department reported on Tuesday that retail sales declined by 1.1 per cent in July, mainly due to lower motor […] Read more

WINNIPEG – The Canadian dollar was down again on Tuesday as crude oil began to make a correction. As of 8:46 a.m. CDT, the loonie was at US$0.7934 or US$1=C$1.2604, compared to US$0.7956 or US$1=C$1.2569 when markets closed on Monday. Crude oil was mostly higher on Tuesday after consecutive days of losses. Brent crude oil […] Read more

WINNIPEG – The Canadian dollar slipped back on Monday amidst indications the Chinese economy is slowing down. The loonie was at US$0.7956 or US$1=C$1.2569 on Monday, compared to Friday’s close at US$0.7991 or US$1=C$1.2514. The United States Dollar Index increased 0.10 of a point at 92.62. Benchmark crude oil prices were declining on Monday. Brent […] Read more

WINNIPEG – The Canadian dollar fell on Monday amidst lower oil prices, just one day after a federal election was called. As of 9:04 a.m. CDT, the loonie was at US$0.7956 or US$1=C$1.2569, compared to US$0.7991 or US$1=C$1.2514 when markets closed on Friday. A federal election for Sept. 20 was called on Sunday. Crude oil […] Read more

WINNIPEG – The Canadian dollar held steady on Friday after a survey showed that consumer sentiment in the United States had plummeted. The loonie was at US$0.7991 or US$1=C$1.2514 on Friday, compared to Thursday’s close at US$0.7987 or US$1=C$1.2520. The University of Michigan revealed that its preliminary consumer sentiment index dropped to 70.2 in early […] Read more

WINNIPEG, August 13 (MarketsFarm) – The Canadian dollar was unchanged on Friday, still close to 80 cents United States. As of 8:50 a.m. CDT, the loonie was at US$0.7987 or US$1=C$1.2520, same as when markets closed on Thursday. Crude oil slipped back on Friday. Brent crude oil declined US$0.22 per barrel to US$71.09. West Texas […] Read more

WINNIPEG – The Canadian dollar was lower on Thursday after the release of economic data from the United States. The loonie was at US$0.7987 or US$1=C$1.2520 on Thursday, down from Wednesday’s close at US$0.7996 or US$1=C$1.2506. The U.S. Labor Department announced that producer prices increased 7.8 per cent over the past year, the largest rise […] Read more