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WINNIPEG – The Canadian dollar fell to its lowest level in weeks on the day before the United States Federal Reserve decides on its policy statement. The loonie was at US$0.8205 or US$1=C$1.2188 on Tuesday, down from Monday’s close at US$0.8236 or US$1=C$1.2142. Meanwhile, the U.S. Dollar Index held steady at 90.51 points. The Fed […] Read more

WINNIPEG – The Canadian dollar mostly held steady on Monday despite underwhelming manufacturing data from Statistics Canada released earlier today. The loonie was at US$0.8236 or US$1=C$1.2142 on Monday, up from Friday’s close at US$0.8232 or US$1=C$1.2148. Meanwhile, the United States Dollar Index only slipped 0.05 points to 90.51. Statistics Canada reported that manufacturing sales […] Read more

By MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, seeing some consolidation to start the week after declining relative to its United States counterpart on Friday. At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8240 or US$1=C$1.2136 which compares with Friday’s North American close of US$0.8232 […] Read more

By MarketsFarm WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar fell to its weakest level in nearly a month relative to its United States counterpart on Friday as the U.S. dollar strengthened ahead of next week’s Federal Reserve interest rate announcement. The Canadian dollar closed at US$0.8232 or US$1=C$1.2148 on Friday, which compares with Thursday’s […] Read more

WINNIPEG – The Canadian dollar declined on Friday despite rising oil prices. As of 8:42 a.m. CDT, the loonie was at US$0.8252 or US$1=C$1.2118 on Friday, compared to US$0.8269 or US$1=C$1.2094 when markets closed on Thursday. Crude oil prices continued their rise on Friday. Brent crude gained four cents per barrel to US$72.56. West Texas […] Read more

By MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction for the second day in a row as market participants continued to contemplate future interest rate policy moves from the Bank of Canada. The Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday, […] Read more

WINNIPEG – The Canadian dollar went down on Thursday amid rising consumer prices in the United States. As of 8:38 a.m. CDT, the loonie was at US$0.8260 or US$1=C$1.2107 on Thursday, compared to US$0.8268 or US$1=C$1.2095 when markets closed on Wednesday. The U.S. Labor Department reported today that the country’s consumer price index (CPI) increased […] Read more

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, seeing little reaction as the Bank of Canada left its key overnight interest rate unchanged at 0.25 per cent. In the accompanying statement, the Bank said it expected increasing vaccination rates in the country would help the economy “rebound strongly.” The […] Read more

WINNIPEG – The Canadian dollar increased on Wednesday just before the Bank of Canada (BoC) announces later today if it will raise key interest rates. As of 8:45 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 on Wednesday, compared to US$0.8267 or US$1=C$1.2097 when markets closed on Tuesday. Many analysts believe BoC will keep […] Read more

By MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as investors adjusted positions ahead of the Bank of Canada’s next interest rate decision on Wednesday. The Canadian dollar closed at US$0.8267 or US$1=C$1.2097 on Tuesday, which compares with Monday’s North American close of US$0.8283 or US$1=C$1.2073. In domestic data, […] Read more