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Currency Markets

Currency Markets

Canadian Financial Close: C$ climbs to two-month highs

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By MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The Canadian dollar was sharply stronger on Tuesday, climbing to two-month highs relative to its United States counterpart. The Canadian dollar closed at US$0.7244 or US$1=C$1.3804, which compares with Monday’s North American close of US$0.7151 or C$1.3984. Gains in crude oil and international equity markets provided the catalyst […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The Canadian dollar was up sharply Tuesday morning, hitting its strongest level in two months relative to its United States counterpart. At 8:53 CDT Tuesday morning the Canadian dollar was at US$0.7235 or C$1.3822 which compares with Monday’s North American close of US$0.7151 or C$1.3984. Optimism over easing […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, although activity was thin and choppy with many markets in the United States closed for Memorial Day. At 8:54 CDT Monday morning the Canadian dollar was at US$0.7147 or C$1.3992 which compares with Friday’s North American close of US$0.7135 or […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar was lower on Friday morning, after making steady gains for most of the week.      At 8:30 CDT Friday morning the Canadian dollar was at US$0.7126 or C$1.4033, which compares with Thursday’s North American close of US$0.7176 or C$1.3935. According to a recent report from […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The Canadian dollar was steady on Thursday morning, due to relative weakness in the United States dollar caused by continually dismal unemployment data.      At 8:30 CDT Thursday morning the Canadian dollar was at US$0.7196 or C$1.3896, which compares with Wednesday’s North American close of US$0.7198 or C$1.3893. […] Read more
Currency Markets

Canadian Financial Close: Loonie steady on Wednesday

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By MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was unchanged at midweek, despite gains in the crude oil sector. The dollar finished the day at US$0.7198 or US$1=C$1.3893, which was the same as Tuesday’s close. Stocks were mostly higher on Wednesday as market participants were optimistic regarding relaxed COVID-19 restrictions. The TSX Composite […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, despite poor economic data from Statistics Canada.      At 8:30 CDT Tuesday morning the Canadian dollar was at US$0.7206 or C$1.3877, which compares with Tuesday’s North American close of US$0.7198 or C$1.3893. According to a recent report, Canada’s annual rate […] Read more

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