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WINNIPEG – The Canadian dollar rallied on Wednesday as stocks and commodities rose due to a renewed appetite for risk despite COVID-19 concerns. The loonie was at US$0.7943 or US$1=C$1.2589 on Wednesday, up from Tuesday’s close at US$0.7855 or US$1=C$1.2730. The United States Dollar Index was down 0.19 points at 92.78. Benchmark crude oil prices […] Read more

By MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as gains in crude oil provided some support. At 9:08 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7915 or US$1=C$1.2634 which compares with Tuesday’s North American close of US$0.7855 or US$1=C$1.2730. After posting losses for most of the past […] Read more

WINNIPEG – One day after dropping one United States cent, the Canadian dollar had a slight bounce back on Tuesday due to a correction on the markets and promising housing data. The loonie was at US$0.7855 or US$1=C$1.2730 on Tuesday, up from Monday’s close at US$0.7938 or US$1=C$1.2759. Housing prices in Canada went up 2.7 […] Read more

By MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning, seeing some consolidation after dropping sharply relative to its United States counterpart on Monday. At 9:04 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7837 or US$1=C$1.2760 which compares with Monday’s North American close of US$0.7838 or US$1=C$1.2759. […] Read more

WINNIPEG, July 19 (MarketsFarm) – Fears over a worldwide COVID-19 Delta variant surge and a new monthly hike in oil output today caused a steep descent for the Canadian dollar and in the markets. The loonie was at US$0.7838 or US$1=C$1.2759 on Monday, its lowest close in five months, down from Friday’s close at US$0.7941 […] Read more

By MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The Canadian dollar was sharply weaker relative to its United States counterpart Monday morning as a number of factors combined to weigh on the currency. At 8:59 a.m. CDT Monday morning, the Canadian dollar was at US$0.7853 or US$1=C$1.2734 which compares with Friday’s North American close of US$0.7941 […] Read more

WINNIPEG, July 16 (MarketsFarm) – The Canadian dollar slipped back on Friday. The loonie was at US$0.7941 or US$1=C$1.2593 on Friday, down from Thursday’s close at US$0.7954 or US$1=C$1.2572. Meanwhile, the United States Dollar Index was up 0.09 points at 92.71. Benchmark crude oil prices declined again on Friday, but not to the levels seen […] Read more

WINNIPEG – The Canadian dollar stayed below the United States 80 cent mark on Friday. As of 8:47 a.m. CDT, the loonie was at US$0.7943 or US$1=C$1.2590, compared to US$0.7954 or US$1=C$1.2572 when markets closed on Thursday. Crude oil was higher on Friday, but is still set for its biggest weekly decline since March. Brent […] Read more

WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar fell well below the 80 cents United States mark on Thursday. The loonie was at US$0.7954 or US$1=C$1.2572 on Thursday, down from Wednesday’s close at US$0.8002 or US$1=C$1.24897. Meanwhile, the U.S. Dollar Index was up 0.17 points at 92.58 after the U.S. Labor Department announced that the […] Read more

WINNIPEG – The Canadian dollar continues to oscillate on each side of the United States 80 cent mark on Thursday. As of 8:51 a.m. CDT, the loonie was at US$0.7965 or US$1=C$1.2555, compared to US$0.8002 or US$1=C$1.2497 when markets closed on Wednesday. Crude oil was lower on Thursday due to increasing gasoline stocks in the […] Read more