By MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was slightly higher Wednesday morning, due to gains in crude oil prices. As of 8:43 CST, the Canadian dollar was at US$0.7817 or C$1.2792, compared to Tuesday’s close of US$0.7808 or C$1.2808. Benchmark crude oil prices were higher Wednesday morning on the prospect of an […] Read more
Canadian Dollar and Business Outlook: Loonie edges up on higher oil
Canadian Dollar and Business Outlook: Loonie edges up on higher oil
By MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was slightly higher Wednesday morning, due to gains in crude oil prices. As of 8:43 CST, the Canadian dollar was at US$0.7817 or C$1.2792, compared to Tuesday’s close of US$0.7808 or C$1.2808. Benchmark crude oil prices were higher Wednesday morning on the prospect of an […] Read more
Canadian Financial Close: Loonie holding course
US greenback makes small increase
By MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar remain relatively steady on Tuesday as its United States counterpart regained a pinch of lost strength. The dollar finished at US$0.7808 or US$1.2808, compared to Monday’s close of US$0.7812 or US$1=C$1.2801. The U.S. Dollar Index saw the greenback rise 0.173 at 90.875 points. Benchmark crude […] Read more
Canadian Dollar and Business Outlook: Loonie, greenback holding firm
Crude oil prices down as COVID-19 surges
By MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar was relatively steady Tuesday morning, as its United States counterpart was virtually unchanged. As of 8:40 CST, the Canadian dollar was at US$0.7817 or C$1.2792, compared to Monday’s close of US$0.7812 or C$1.2801. The U.S. Dollar Index nudged up 0.013 putting the greenback at 90.715 […] Read more
Canadian Financial Close: Loonie steady in light of drop in oil
By MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged on Monday, as Statistics Canada’s positive jobs report on Friday held off declines in crude oil prices. The dollar remained at US$0.7812 or US$1=C$1.2801. Benchmark crude oil prices were lower on Monday, due to a surge in the COVID-19 pandemic and increasing tensions […] Read more
Canadian Dollar and Business Outlook: Loonie remains firm
By MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged Monday morning, still benefitting from Friday’s positive report on job growth. As of 8:42 CST, the Canadian dollar was at US$0.7812 or C$1.2801. Benchmark crude oil prices were lower Monday morning due to declines in North American and European stock markets. Brent crude […] Read more
Canadian Financial Close: C$ tops 78 U.S. cents
By MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The Canadian dollar was stronger on Friday, hitting its best levels in two years relative to its United States counterpart. The Canadian dollar closed at US$0.7812 or US$1=C$1.2801, which compares with Thursday’s North American close of US$0.7764 or US$1=C$1.2880. Better-than-expected domestic jobs data, coupled with softer employment data […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The Canadian dollar was stronger on Friday morning. At 8:45 CST Friday morning the Canadian dollar was at US$0.7792 or US$1=C$1.2833, which compares with Thursday’s North American close of US$0.7764 or US$1=C$1.2880. Global stock indices were stronger. Statistics Canada reported the Canadian economy added 62,000 jobs in […] Read more
Canadian Financial Close: Dollar stronger on Thursday
By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday. The dollar finished the day at US$0.7764 or US$1=C$1.2880, compared to Wednesday when it closed at US$0.7731 or US$1=C$1.2934. Global stock indices were slightly lower, following news that Pfizer is struggling with supply-chain issues with the COVID-19 vaccine. This erased previous […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday. At 8:30 CST Thursday morning the Canadian dollar was at US$0.7745 or US$1=C$1.2911, which compares with Wednesday’s North American close of US$0.7732 or US$1=C$1.2934. Crude oil prices were slightly lower in early activity, following reports that the Organization of Petroleum […] Read more