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By MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was slightly weaker Wednesday morning, despite gains in crude oil. At 8:58 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7953 or US$1=C$1.2574 which compares with Tuesday’s North American close of US$0.7961 or US$1=C$1.2562. Canadian manufacturing sales likely dipped by 1.0 per cent in […] Read more

WINNIPEG, March 23 (MarketsFarm) – The Canadian dollar fell on Tuesday due to a decline in oil prices and the Bank of Canada’s decision to phase out crisis liquidity programs and adjust quantitative easing programs. The federal government also announced today it will table its first budget since 2019 on April 19. The loonie finished […] Read more

By MarketsFarm WINNIPEG, March 23 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as losses in crude oil weighed on the energy-linked currency. At 8:40 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7953 or US$1=C$1.2574 which compares with Monday’s North American close of US$0.7992 or US$1=C$1.2513. New pandemic lockdowns in Europe and […] Read more

WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar held mostly steady on Monday, but still remained slightly below the US$0.80 mark. The loonie finished at US$0.7992 or US$1=C$1.2513, compared to Friday’s close of US$0.7996 or US$1=C$1.2506. On the U.S. Dollar Index, the greenback dropped by 0.13 at 91.79 points. Benchmark crude oil prices were mixed […] Read more

By MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar holding relatively steady Monday morning, seeing some consolidation to start the week. At 8:55 a.m. CDT Monday morning the Canadian dollar was at US$0.7999 or US$1=C$1.2502 which compares with Friday’s North American close of US$0.7996 or US$1=C$1.2506. Bank of Canada Deputy Governor Toni Gravelle is […] Read more

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar was weaker on Friday, dipping below 80 U.S. cents as the currency remained pressured by Thursday’s sharp declines in crude oil. The Canadian dollar closed at US$0.7996 or US$1=C$1.2506 on Friday, which compares with Thursday’s North American close US$0.8027 or US$1=C$1.2458. Canadian retail sales were […] Read more

WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar has fallen back below the US$0.80 mark on Friday as the stock market suffers early losses and oil prices become mixed. As of 8:55 a.m. CDT, the loonie was at US$0.7980 or US$1=C$1.2531, compared to US$0.8027 or US$1=C$1.2458 when markets closed on Thursday. Some benchmark oil prices […] Read more

By MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar backed away from three-year highs hit in early activity to settle relatively steady on Thursday. The Canadian dollar closed at US$0.8027 or US$1=C$1.2458 on Thursday, which compares with Wednesday’s North American close US$0.8022 or US$1=C$1.2465. The currency had traded above 80.6 U.S. cents at one […] Read more

WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar rose slightly on Thursday morning despite oil prices continuing to fall and Statistics Canada reporting a loss of 100,800 jobs in February. As of 8:57 a.m. CDT, the loonie was at US$0.8032 or US$1=C$1.2449, compared to US$0.8022 or US$1=C$1.2465 when markets closed on Wednesday. Benchmark oil prices […] Read more

WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was firm on Wednesday, as currency markets reacted to the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar was trading at US$0.8022 or US$1=C$1.2466 late Wednesday, which compares with Tuesday’s North American close US$0.8029 or US$1=C$1.2454. The currency had hit a three-year […] Read more