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WINNIPEG – The Canadian dollar moved downward on Tuesday after a report showed an increase in Canada’s consumer debt. As of 8:38 a.m. CDT, the loonie was at US$0.8268 or US$1=C$1.2095 on Tuesday, compared to US$0.8283 or US$1=C$1.2073 when markets closed on Monday. Earlier today, consumer credit reporting firm Equifax reported that Canadian consumer debt […] Read more

By MarketsFarm WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was slightly firmer on Monday, holding within a narrow range as investors adjusted positions ahead of the Bank of Canada’s latest interest rate decision on Wednesday. The Canadian dollar closed at US$0.8283 or US$1=C$1.2073 on Monday, which compares with Friday’s North American close of US$0.8275 […] Read more

WINNIPEG – The Canadian dollar was virtually unchanged as the markets opened up on Monday. As of 8:40 a.m. CDT, the loonie was at US$0.8273 or US$1=C$1.2085 compared to US$0.8275 or US$1=C$1.2084 when markets closed on Friday. Crude oil was mixed on Monday as demand expectations were eased due to COVID-19 outbreaks in Asia. Brent […] Read more

WINNIPEG – The Canadian dollar rebounded on Friday despite unflattering employment numbers released today from Statistics Canada. The loonie was at US$0.8275 or US$1=C$1.2084 on Friday, up from Thursday’s close at US$0.8262 or US$1=C$1.2103. Meanwhile, the United States Dollar Index dropped 0.40 points to 90.11. Statistics Canada reported 68,000 lost jobs in the month of […] Read more

WINNIPEG – Despite a report from Statistics Canada that the Canadian economy lost 68,000 jobs in May, the Canadian dollar seemed to be unaffected by the news while the United States dollar retreated. As of 8:41 a.m. CDT, the loonie was at US$0.8281 or US$1=C$1.2076 compared to US$0.8262 or US$1=C$1.2103 when markets closed on Thursday. […] Read more

WINNIPEG – The Canadian dollar fell further below 83 United States cents on Thursday for its biggest one-day drop in six weeks due to promising economic data from the U.S. The loonie was at US$0.8262 or US$1=C$1.2103 on Thursday, down from Wednesday’s close at US$0.8297 or US$1=C$1.2052. Meanwhile, the United States Dollar Index jumped 0.57 […] Read more

WINNIPEG – The Canadian dollar was encountering resistance to the 83-cent United States mark on Thursday morning. As of 8:41 a.m. CDT, the loonie was at US$0.8264 or US$1=C$1.2101 compared to US$0.8297 or US$1=C$1.2052 when markets closed on Wednesday. Crude oil kept rising on Thursday. Brent crude increased US$0.29 per barrel to US$71.64. West Texas […] Read more

WINNIPEG – After the Canadian dollar closed above 83 United States cents on Tuesday for the first time since May 2015, it slipped below the mark on Wednesday. The loonie was at US$0.8297 or US$1=C$1.2052 on Tuesday, down from Tuesday’s close at US$0.8306 or US$1=C$1.2040. Meanwhile, the United States Dollar Index increased 0.08 to 89.91 […] Read more

WINNIPEG – The Canadian dollar has settled back down on Wednesday morning since surpassing the 83-cent United States mark yesterday. As of 8:43 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 compared to US$0.8306 or US$1=C$1.2040 when markets closed on Tuesday. Crude oil continues to rally on Wednesday after OPEC+ forecast a tightening market […] Read more

WINNIPEG – The Canadian dollar closed above 83 United States cents on Tuesday for the first time since May 2015 after news that the economy grew during the fiscal first quarter of 2021. The loonie was at US$0.8306 or US$1=C$1.2040 on Tuesday, up from Monday’s close at US$0.8284 or US$1=C$1.2072. Meanwhile, the United States Dollar […] Read more