Currency Markets

By MarketsFarm   WINNIPEG, Feb. 1 (MarketsFarm) – The Canadian dollar was firmer Wednesday morning, as currency traders adjusted positions ahead of an interest rate announcement from the United States Federal Reserve. At 8:40 a.m. CST Wednesday morning the Canadian dollar was at US$0.7513 or US$1=C$1.3310, which compares with Tuesday’s close of US$0.7491 or US$1=C$1.3350. […] Read more

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, as the country’s latest gross domestic product data met expectations. The Canadian dollar settled at US$0.7491 or US$1=C$1.3350 on Tuesday, which compares with Monday’s close of US$0.7487 or US$1=C$1.3356. Canada’s economy grew by 0.1 per cent in November compared […] Read more

By MarketsFarm   WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, seeing a continuation of Monday’s declines as currency traders position themselves ahead of an upcoming interest rate announcement from the United States Federal Reserve. At 8:38 a.m. CST Tuesday morning the Canadian dollar was at US$0.7455 or US$1=C$1.3414, which compares […] Read more

By MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with investors said to be showing some caution ahead of an interest rate announcement from the United States Federal Reserve on Wednesday. General expectations are for the Fed to raise rates by 25 basis points, with the accompanying statement to […] Read more

By MarketsFarm   WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:59 a.m. CST Monday morning the Canadian dollar was at US$0.7492 or US$1=C$1.3348, which compares with Friday’s close of US$0.7511 or US$1=C$1.3314. Crude oil was pressured by bearish […] Read more

WINNIPEG – The Canadian dollar surpassed the 75 United States cent mark on Friday. The loonie closed at US$0.7511 or US$1=C$1.3314, up from US$0.7491 or US$1=C$1.3349 on Thursday. The last time the loonie closed above 75 U.S. cents was on Nov. 16, 2022. The United States Dollar Index gained 0.09 of a point at 101.93. […] Read more

WINNIPEG – The Canadian dollar was inching its way closer to 75 United States cents on Friday morning. The loonie was at US$0.7498 or US$1=C$1.3337, up from US$0.7491 or US$1=C$1.3349 at Thursday’s close. The U.S. Dollar Index was up 0.27 of a point at 102.11. Crude oil continued to rally as optimism over Chinese demand […] Read more

WINNIPEG – The Canadian dollar closed at its highest level since late November on Thursday. The loonie closed at US$0.7491 or US$1=C$1.3349, up from US$0.7467 or US$1=C$1.3393 on Wednesday. Statistics Canada (StatCan) reported on Thursday that Canadian job vacancies fell 2.4 per cent in November, lowering the number of vacant jobs at approximately 850,000. The […] Read more

WINNIPEG – The Canadian dollar was on the rise Thursday morning. The loonie was at US$0.7501 or US$1=C$1.3332, up from US$0.7467 or US$1=C$1.3393 at Wednesday’s close. Yesterday, the Bank of Canada (BoC) raised its key interest rate by 25 basis points to 4.5 per cent, its highest level in 15 years. The United States Dollar […] Read more

WINNIPEG – The Canadian dollar retreated on Wednesday as the Bank of Canada (BoC) announced its latest key interest rate hike. The loonie closed at US$0.7467 or US$1=C$1.3393, down from US$0.7479 or US$1=C$1.3370 on Tuesday. BoC increased its key interest rate by 25 basis points to 4.5 per cent, the eighth straight time the central […] Read more