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WINNIPEG – The Canadian dollar stayed steady on Thursday as it gets close to 80 cents United States. As of 8:51 a.m. CDT, the loonie was at US$0.7991 or US$1=C$1.2514, compared to US$0.7996 or US$1=C$1.2506 when markets closed on Wednesday. Crude oil declined slightly on Thursday. Brent crude oil slipped five cents per barrel to […] Read more

WINNIPEG, August 11 (MarketsFarm) – The Canadian dollar nearly reached 80 cents United States on Wednesday on the strength of rising oil prices. The loonie was at US$0.7996 or US$1=C$1.2506 on Wednesday, up from Tuesday’s close at US$0.7974 or US$1=C$1.2540. The United States Dollar Index was down 0.16 points at 92.90. Benchmark crude oil prices […] Read more

WINNIPEG, August 11 (MarketsFarm) – The Canadian dollar moved back above the 80-cent United States mark on Wednesday despite falling oil prices. As of 8:40 a.m. CDT, the loonie was at US$0.8001 or US$1=C$1.2498, compared to US$0.7974 or US$1=C$1.2540 when markets closed on Tuesday. Crude oil dropped on Wednesday. Brent crude oil slipped US$0.71 per […] Read more

WINNIPEG – The Canadian dollar strengthened on Tuesday as oil prices recovered. The loonie was at US$0.7974 or US$1=C$1.2540 on Tuesday, up from Monday’s close at US$0.7959 or US$1=C$1.2565. Earlier in the day, the United States Senate passed a US$1 trillion infrastructure bill investing in roads and bridges. The United States Dollar Index was up […] Read more

WINNIPEG – The Canadian dollar is virtually unchanged on Tuesday while oil makes a comeback after the previous day’s losses. As of 8:54 a.m. CDT, the loonie was at US$0.7961 or US$1=C$1.2561, compared to US$0.7959 or US$1=C$1.2565 when markets closed on Monday. Crude oil rebounded on Tuesday after weakening on Monday due to new COVID-19 […] Read more

WINNIPEG – The Canadian dollar slightly weakened on Monday despite a marked drop in oil prices. The loonie was at US$0.7959 or US$1=C$1.2565 on Monday, down from Friday’s close at US$0.7968 or US$1=C$1.2550. The United States Dollar Index was up 0.18 points at 92.98. Benchmark crude oil prices fell on Monday due to new COVID-19 […] Read more

WINNIPEG – The Canadian dollar is virtually unchanged on Monday despite a large drop in oil prices. As of 9:00 a.m. CDT, the loonie was at US$0.7969 or US$1=C$1.2549, compared to US$0.7968 or US$1=C$1.2550 when markets closed on Friday. Crude oil suffered losses on Monday due to fears over the COVID-19 Delta variant. Brent crude […] Read more

By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar was weaker on Friday, as crude oil moved lower and domestic jobs data failed to live up to expectations. The Canadian dollar settled at US$0.7968 or US$1=C$1.2550 on Friday, which compares with Thursday’s North American close of US$0.8002 or US$1=C$1.2497. The Canadian economy added 94,000 […] Read more

WINNIPEG – The Canadian dollar is oscillating on each side of the 80-cent United States mark on Friday. As of 8:50 a.m. CDT, the loonie was at US$0.7970 or US$1=C$1.2547, compared to US$0.8002 or US$1=C$1.2497 when markets closed on Thursday. Statistics Canada announced on Friday that 94,000 new jobs were added in July. Crude oil […] Read more

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Thursday, underpinned by improving trade data. The Canadian dollar settled at US$0.8002 or US$1=C$1.2497 on Thursday, which compares with Wednesday’s North American close of US$0.7971 or US$1=C$1.2545. The value of Canadian exports jumped up by 8.7 per cent in June to hit […] Read more