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WINNIPEG – The Canadian dollar held steady on Wednesday after Statistics Canada reported a small contraction in the national economy in April and May. As of 8:39 a.m. CDT, the loonie was at US$0.8077 or US$1=C$1.2380 on Wednesday, compared to US$0.8075 or US$1=C$1.2384 when markets closed on Tuesday. Earlier today, Statistics Canada announced that Canada’s […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 29 (MarketsFarm) – Strength in the Canadian dollar continued to wane on Tuesday, as worries increased over the latest surge in global COVID-19 cases. The loonie closed at US$0.8075 or US$1=C$1.2384, compared to Monday’s close of US$0.8107 or US$1=C$1.2335. The Delta variant of COVID-19 has caused a good […] Read more

WINNIPEG – The Canadian dollar was down on Tuesday amidst housing sales news from the United States and early rises in crude oil prices. As of 8:38 a.m. CDT, the loonie was at US$0.8087 or US$1=C$1.2366 on Tuesday, compared to US$0.8107 or US$1=C$1.2335 when markets closed on Monday. Earlier today, according to the S&P CoreLogic […] Read more

WINNIPEG – The Canadian dollar was down on Monday as oil demand slipped back due to coronavirus outbreaks in Australia and Asia. As of 8:35 a.m. CDT, the loonie was at US$0.8109 or US$1=C$1.2332 on Monday, compared to US$0.8134 or US$1=C$1.2294 when markets closed on Friday. Crude oil prices were mixed on Monday. Brent crude […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from a dip in the United States dollar and increased crude oil prices. The loonie closed at US$0.8134 or US$1=C$1.2294, compared to Thursday’s close of US$0.8120 or US$1=C$1.2316. On the U.S. Dollar Index, the greenback slipped […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was higher on Friday morning as the United States dollar pulled back and crude oil prices bumped up. As of 8:34 CDT, the Canadian dollar was at US$0.8138 or C$1.2289 compared to Thursday’s close of US$0.8120 or C$1.2316. On the U.S. Dollar […] Read more

By MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, despite improving confidence in the country’s export sector. The Canadian dollar closed at US$0.8120 or US$1=C$1.2316 on Thursday, which compares with Wednesday’s North American close of US$0.8139 or US$1=C$1.2287. Optimism over a post-pandemic recovery saw Canada’s Trade Confidence Index up […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly lower Thursday morning, as crude oil prices slipped back while the United States dollar held relatively firm. As of 8:35 CDT, the Canadian dollar was at US$0.8126 or C$1.2305 compared to Wednesday’s close of US$0.8139 or C$1.2287. On the U.S. […] Read more

By MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as the currency continued to recover from its losses relative to its United States counterpart seen the previous week. The Canadian dollar closed at US$0.8139 or US$1=C$1.2287 on Wednesday, which compares with Tuesday’s North American close of US$0.8093 or US$1=C$1.2356. Canadian […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar continued on its upswing Wednesday morning, as the United States dollar further weakened and crude oil prices pushed higher. As of 8:44 CDT, the Canadian dollar was at US$0.8154 or C$1.2265 compared to Tuesday’s close of US$0.8093 or C$1.2356. The loonie’s rise […] Read more