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By MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting its strongest levels in three years relative to its United States counterpart. Positioning in the currency markets ahead of an upcoming U.S. Federal Reserve interest rate decision accounted for some of the activity. The Canadian dollar was trading at US$0.8035 […] Read more

By MarketsFarm WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar was slightly firmer on Monday, holding above the 80 U.S. cents level as Friday’s better-than-expected jobs data remained supportive. The Canadian dollar closed at US$0.8013 or US$1=C$1.2480, which compares with Friday’s North American close US$0.8004 or US$1=C$1.2493. Improving economic data out of China helped underpin […] Read more

WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar remained relatively steady on Monday morning, three days after it closed above US$0.80 for the first time since February 2018. As of 8:37 a.m. CDT, the Canadian dollar was at US$0.8014 or US$1=C$1.2479, compared to US$0.8004 or US$1=C$1.2493 when markets closed on Friday. Benchmark oil prices edged […] Read more

WINNIPEG, March 12 (MarketsFarm) – For the first time since February 2018, the Canadian dollar closed the day above the US$0.80 mark on Friday after Statistics Canada reported better-than-expected employment data, as well as a record amount of mortgage debt. The unemployment rate fell to 8.2 per cent in February from 9.4 per cent in […] Read more

WINNIPEG, March 12 (MarketsFarm) – The Canadian dollar rose on Friday morning after Statistics Canada announced that the country added 259,000 jobs and the unemployment rate fell to 8.2 per cent, the lowest rate since the beginning of the pandemic. As of 8:35 a.m. CST, the Canadian dollar was at US$0.7978 or US$1=C$1.2538, compared to […] Read more

WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar nearly climbed to the US$0.80 mark on Thursday due to a jump in oil prices and a weakening U.S. dollar. The loonie finished at US$0.7961 or US$1=C$1.2561, compared to Wednesday’s close of US$0.7913 or US$1=C$1.2637. On the U.S. Dollar Index, the greenback fell by 0.45 at 91.370 […] Read more

WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar jumped on Thursday morning as oil prices and stocks continue to rise ahead of Statistics Canada’s February employment numbers to be released on Friday. As of 8:35 a.m. CST, the Canadian dollar was at US$0.7942 or US$1=C$1.2591, compared to US$0.7913 or US$1=C$1.2637 when markets closed on Wednesday. […] Read more

WINNIPEG, March 10 (MarketsFarm) – The Canadian dollar remained steady against the United States dollar on Wednesday after The Bank of Canada announced it will hold its overnight rate at 0.25 per cent and United States President Joe Biden signed a US$1.9 trillion COVID-19 financial relief package. The loonie finished at US$0.7913 or US$1=C$1.2637, compared […] Read more

WINNIPEG, March 10 (MarketsFarm) – The Canadian dollar stayed steady on Wednesday morning while investors waited for the latest interest rate decision from the Bank of Canada due later in the day. The Bank is generally expected to be holding its key overnight rate steady at 0.25 per cent. As of 8:33 a.m. CST, the […] Read more

WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar slightly gained against the United States dollar on Tuesday as stocks rose due to a fall in U.S. Treasury bond yields easing inflation worries, as well as a rosy economic outlook from the Organization of Economic Cooperation and Development (OECD). The loonie finished at US$0.7915 or US$1=C$1.2635, […] Read more