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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

WINNIPEG – The Canadian dollar stayed fairly steady on Monday morning amidst economic optimism from the Bank of Canada and news that the country’s manufacturing activity increased for the 10th straight month in April. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) was at 57.2 in April, its third-highest rating since the index was […] Read more

WINNIPEG – The Canadian dollar stayed steady on Friday, ending a week where it reached its highest point in three years. The loonie was at US$0.8140 or US$1=C$1.2285 on Friday, up from Thursday’s close at US$0.8135 or US$1=C$1.2292. Meanwhile, the United States Dollar Index rose by 0.67 at 91.28 points. Benchmark crude oil prices fell […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The Canadian dollar was slightly higher on Friday morning, after Statistics Canada announced the country’s gross domestic product rose for an 10th consecutive month. As of 8:31 CDT, the Canadian dollar was at US$0.8147 or C$1.2274 compared to Thursday’s close of US$0.8135 or C$1.2292. Statistics […] Read more

WINNIPEG – The Canadian dollar reached another level on Thursday, lifted by increased confidence from the Bank of Canada for a strong economic recovery. The loonie was at US$0.8135 or US$1=C$1.2292 on Thursday, its highest close in three years, up from Wednesday’s close at US$0.8093 or US$1=C$1.2357. Meanwhile, the United States Dollar Index stayed steady […] Read more

WINNIPEG – The Canadian dollar had crossed another threshold before settling below it on Wednesday amidst rising retail sales and as the House of Commons will debate back-to-work legislation for striking workers at the Port of Montreal later tonight. Despite trading above US$0.81 at one point, the loonie closed at US$0.8093 or US$1=C$1.2357 on Wednesday, […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning, bolstered by the latest Statistics Canada report on retail sales plus gains in crude oil prices. However, a slightly higher United States dollar weighed on the loonie. As of 8:38 CDT, the Canadian dollar was at […] Read more

WINNIPEG – The Canadian dollar stayed relatively steady on Tuesday after making a big jump on Monday. The loonie was at US$0.8063 or US$1=C$1.2403 on Tuesday, up from Monday’s close at US$0.8057 or US$1=C$1.2412, while oil prices rallied. Meanwhile, the United States Dollar Index increased by 0.09 points to 90.90. Benchmark crude oil prices soared […] Read more

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, as slightly higher United States dollar balanced out gains in crude oil prices. Also supportive of the loonie was a report from S&P Global Ratings. As of 8:44 CDT, the Canadian dollar was at US$0.8055 or […] Read more

WINNIPEG – The Canadian dollar closed Monday at a level not seen in three years. The loonie was at US$0.8057 or US$1=C$1.2412 on Monday, up from Friday’s close at US$0.8007 or US$1=C$1.2489, which was fueled by rising commodity prices. It is the loonie’s highest closing value against the U.S. greenback since Feb. 2, 2018 (US$0.8074). […] Read more