By MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning, as there was little movement in its United States counterpart. As of 8:37 CDT, the Canadian dollar was at US$0.7589 or C$1.3185, compared to Tuesday’s close of US$0.7590 or C$1.3176. Benchmark crude oil prices were higher Wednesday morning, due […] Read more
Canadian Dollar and Business Outlook: Loonie holding steady
Bounce in crude oil prices
Canadian Financial Close: Loonie firm after economic good news
U.S. backs down on tariff threat
By MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The Canadian dollar was unchanged on Tuesday, as an improving economy fended off pressure for the dollar to slip back. The loonie finished at US$0.7590 or US$1=C$1.3175 for a second day. Statistics Canada reported that factory sales in July increased seven per cent. Also, the Canadian Real Estate […] Read more
Canadian Dollar and Business Outlook: Loonie returns to 76 U.S. cents
U.S. dollar remains weak
By MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The Canadian dollar was slightly higher on Tuesday morning, hovering around 76 United States cents as the U.S. Dollar Index was weaker. As of 8:39 CDT, the Canadian dollar was at US$0.7602 or C$1.3155, compared to Monday’s close of US$0.7590 or C$1.3175. Benchmark crude oil prices were higher […] Read more
Canadian Financial Close: Little change in loonie due to vaccine hopes
Crude oil steady to lower ahead of Sally
By MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, as hopes for a COVID-19 vaccine spurred the equities markets. The Canadian dollar finished at US$0.7590 or US$1=C$1.3175, compared to Friday when it closed at US$0.7584 or US$1=C$1.3186. Benchmark crude oil prices were steady to lower on Monday, as projections […] Read more
Canadian Dollar and Business Outlook: Loonie inches up to start week
US$ Index slips under 93 points
By MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, as the United States dollar Index slipped under 93.00 points. As of 8:41 CDT, the Canadian dollar was at US$0.7589 or C$1.3171, compared to Friday’s close of US$0.7584 or C$1.3186. Benchmark crude oil prices were on slightly lower Monday […] Read more
Canadian Financial Close: C$ weakens
By MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday. The Canadian dollar closed at US$0.7584 or US$1=C$1.3186, which compares with Thursday’s North American close of US$0.7598 or US$1=C$1.3162. Canada’s industrial capacity fell to a record low of 70.3 per cent in the second quarter, according to a report from […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The Canadian dollar was lower on Friday, due to comparable strength in United States currency. At 8:35 CDT Friday morning the Canadian dollar was at US$0.7584 or US$1=C$1.3185, which compares with Thursday’s North American close of US$0.7598 or US$1=C$1.3162. Global stock markets were higher to start the […] Read more
Canadian Financial Close: C$ slightly stronger
By MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The Canadian dollar was firmer on Thursday, as investors reacted to the latest comments from Bank of Canada governor Tiff Macklem. The Canadian dollar closed at US$0.7598 or US$1=C$1.3162, which compares with Wednesday’s North American close of US$0.7591 or US$1=C$1.3173. Speaking after the Bank left its key overnight […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday, edging above 76 United States cents. At 8:45 CDT Thursday morning the Canadian dollar was at US$0.7617 or US$1=C$1.3128, which compares with Wednesday’s North American close of US$0.7591 or US$1=C$1.3173. Global stock markets were higher to start the day, […] Read more
Canadian Financial Close: C$ firm as BoC hold rates steady
By MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The Canadian dollar was firmer on Wednesday, seeing a modest correction after Tuesday’s sharp decline relative to its United States counterpart. The Canadian dollar closed at US$0.7591 or US$1=C$1.3173, which compares with Tuesday’s North American close of US$0.7581 or US$1=C$1.3191. The Bank of Canada kept its key overnight […] Read more