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Currency Markets

Canadian Financial Close: C$ weakens amid U.S. trade spat

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By MarketsFarm WINNIPEG, Aug. 7 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday as trade issues with the United States weighed on the currency. The Canadian dollar closed at US$0.7476 or US$1=C$1.3377, which compares with Thursday’s North American close of US$0.7523 or US$1=C$1.3292. Canada is threatening retaliatory measures after the U.S. announced it […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie tumbles ahead of tariff tiff

Trump slaps 10% levy on Cdn. aluminum

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By MarketsFarm WINNIPEG, Aug. 7 (MarketsFarm) – The Canadian dollar fell under 75 U.S. cents on Friday morning, ahead of the coming tariff battle between Canada and the United States. As of 9:00 CDT, the Canadian dollar was at US$0.7479 or C$1.3372, compared to Thursday’s close of US$0.7523 or C$1.3292. On Thursday, U.S. President Donald […] Read more
Currency Markets

Canadian Financial Close: C$ weakens off nearby highs

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By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, backing away from the five-month highs hit the previous session. Positioning ahead of the latest jobs data from the United States, due out on Friday, accounted for some of the activity. The Canadian dollar closed at US$0.7523 or US$1=C$1.3292, which […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie retreats a little

Crude oil, TSX begin higher

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By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar eased back on Thursday morning, despite increases in crude oil and the TSX. As of 8:37 CDT, the Canadian dollar was at US$0.7527 or C$1.3284, compared to Wednesday’s close of US$0.7540 or C$1.3262. Benchmark crude oil prices were slightly higher on Thursday morning, following news […] Read more
Currency Markets

Canadian Financial Close: C$ hits five-month highs

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By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest levels in more than five months as gains in crude oil and general weakness in the United States Dollar Index provided support. The Canadian dollar closed at US$0.7540 or US$1=C$1.3262, which compares with Tuesday’s North American close of […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie leaps past 75 cents

Gold well above US$2,000/ounce

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By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar surged past 75 U.S. cents on Wednesday morning, gaining strength from higher crude oil prices and the continued weakness in the United States dollar. As of 8:56 CDT, the Canadian dollar was at US$0.7549 or C$1.3244, compared to Tuesday’s close of US$0.7478 or C$1.3372. Benchmark […] Read more
Currency Markets

Canadian Financial Close: C$ strengthens

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By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was firmer on Tuesday, as gains in the outside equity and energy markets provided support. The Canadian dollar closed at US$0.7478 or US$1=C$1.3372, which compares with Friday’s North American close of US$0.7460 or US$1=C$1.3404. Expectations for a new pandemic stimulus package in the United States […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie steady after long weekend

Oil lower as pandemic fears increase

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By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was unchanged Tuesday morning, as trading resumed following the August long weekend. As of 9:04 CDT, the Canadian dollar was at US$0.7460 or C$1.3408, the same as Friday’s close. Benchmark crude oil prices were lower on Tuesday morning due to market worries over the increasing […] Read more
Currency Markets

Canadian Financial Close: Loonie bounces back ahead of long weekend

Crude oil, gold push higher, TSX down

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By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from the Statistics Canada report on the economy. The loonie finished at US$0.7460 or US$1=C$1.3404, compared to Thursday when it closed at US$0.7445 or US$1=C$1.3432. The federal agency’s report said the Canadian economy grew 4.5 per cent in May […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie remains firm

Economy grew 4.5 per cent in May

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By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was steady Friday morning, despite gains in crude oil and a positive economic report from Statistics Canada. As of 8:37 CDT, the Canadian dollar was at US$0.7447 or C$1.3428, compared to Thursday’s close of US$0.7445 or C$1.3432. Statistics Canada said the country’s economy grew by […] Read more

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