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Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, reaching its highest levels since 2015 due to a weaker United States dollar. As of 8:39 CDT, the Canadian dollar was at US$0.8263 or C$1.2102 compared to Friday’s close of US$0.8226 or C$1.2156. On the United States […] Read more

WINNIPEG – As the TSX climbed new peaks on Friday, the Canadian dollar closed above a level not seen in more than three years. The loonie was at US$0.8226 or US$1=C$1.2156 on Friday, up from Thursday’s close at US$0.8197 or US$1=C$1.2200, due to rising commodity prices and a weakened U.S. dollar. Yet, Canada lost more […] Read more

WINNIPEG – The Canadian dollar surpassed the 82 cents U.S. mark on Friday morning despite underwhelming economic data on both sides of the border. As of 8:37 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8197 or US$1=C$1.2200 when markets closed on Thursday. Statistics Canada reported earlier today that Canada lost 207,000 […] Read more

WINNIPEG – The Canadian dollar continued its ascent on Thursday. The loonie was at US$0.8197 or US$1=C$1.2200 on Thursday, up from Wednesday’s close at US$0.8149 or US$1=C$1.2272. Meanwhile, the United States Dollar Index dropped by 0.40 at 90.91 points. This despite the U.S. Labor Department reporting 498,000 jobless claims for the week ending May 1, […] Read more

WINNIPEG – The Canadian dollar continued to rise on Thursday morning after closing at its highest point since September 2017 yesterday. As of 8:38 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8149 or US$1=C$1.2272 when markets closed on Wednesday. Benchmark oil prices remained mostly steady. Brent crude declined by US$0.09 per […] Read more

WINNIPEG, May 5 (MarketsFarm) – The Canadian dollar closed at its highest level since September 2017 on Wednesday. The loonie was at US$0.8149 or US$1=C$1.2272 on Wednesday, up from Tuesday’s close at US$0.8120 or US$1=C$1.2315. It benefitted from improved investor sentiment and the Bank of Canada’s willingness to raise key interest rates sooner than its […] Read more

WINNIPEG – The Canadian dollar moved slightly upward on Wednesday morning. As of 8:38 a.m. CDT, the loonie was at US$0.8143 or US$1=C$1.2280 compared to US$0.8120 or US$1=C$1.2315 when markets closed on Tuesday. Benchmark oil prices maintained their climb as U.S. stockpiles fall and demand starts to increase in Europe. Brent crude moved up by […] Read more

WINNIPEG – The Canadian dollar dipped on Tuesday, but still remained above 81 cents U.S. The loonie was at US$0.8120 or US$1=C$1.2315 on Tuesday, down from Monday’s close at US$0.8144 or US$1=C$1.2279. Meanwhile, the United States Dollar Index reversed yesterday’s losses, increasing by 0.31 at 91.25 points. Statistics Canada reported earlier today that Canada had […] Read more

WINNIPEG – The Canadian dollar fell slightly on Tuesday morning, but remained above 81 cents U.S. As of 8:35 a.m. CDT, the loonie was at US$0.8121 or US$1=C$1.2314 compared to US$0.8144 or US$1=C$1.2279 when markets closed on Monday. Benchmark oil prices continued to rise as the potential for an economic rebound is outweighing demand concerns […] Read more

WINNIPEG – The Canadian dollar remained steady on Monday, maintaining its highest level since 2018. The loonie was at US$0.8144 or US$1=C$1.2279 on Monday, up from Friday’s close at US$0.8140 or US$1=C$1.2285. Meanwhile, the United States Dollar Index dropped by 0.31 at 90.97 points. Data from the IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) […] Read more