Currency Markets

WINNIPEG – The Canadian dollar found its way above the 75 United States cent mark on Friday morning. The loonie was at US$0.7508 or US$1=C$1.3319, up from US$0.7492 or US$1=C$1.3348 on Thursday. Statistics Canada reported earlier today that the country added 60,000 jobs in June, but the unemployment rate rose to 5.4 per cent, the […] Read more

WINNIPEG – The Canadian dollar closed below 75 United States cents for the first time since June 12 on Thursday. The loonie closed at US$0.7492 or US$1=C$1.3348 on Thursday, compared to US$0.7534 or US$1=C$1.3273 on Wednesday. Statistics Canada (StatCan) reported earlier today that the country posted a C$3.4 billion trade deficit in May, the largest […] Read more

WINNIPEG – The Canadian dollar continued its downturn on Thursday morning. The loonie was at US$0.7512 or US$1=C$1.3312, down from US$0.7534 or US$1=C$1.3273 on Wednesday. The United States Dollar Index declined 0.24 points to 103.13. Despite another draw from U.S. stockpiles and supply curbs from Saudi Arabia and Russia, crude oil was in decline. Brent […] Read more

WINNIPEG – The Canadian dollar fell to its lowest close in three weeks on Wednesday. The loonie closed at US$0.7534 or US$1=C$1.3273 on Wednesday, compared to US$0.7565 or US$1=C$1.3219 on Tuesday. The United States Dollar Index advanced 0.32 of a point at 103.36. Minutes from the U.S. Federal Reserve’s meeting in June, which were released […] Read more

WINNIPEG – The Canadian dollar took a step back on Wednesday morning. The loonie was at US$0.7545 or US$1=C$1.3254, down from US$0.7565 or US$1=C$1.3219 on Tuesday. The United States Dollar Index declined 0.06 points to 102.98. U.S. markets were closed on Tuesday for the Independence Day holiday. Crude oil made variable gains after Saudi Arabia […] Read more

WINNIPEG – The Canadian dollar began the month of July on a high note. The loonie closed at US$0.7565 or US$1=C$1.3219 on Tuesday, compared to US$0.7553 or US$1=C$1.3240 on June 30. The Bank of Canada (BoC) did not post a closing exchange rate on Monday due to the Canada Day holiday. The United States Dollar […] Read more

WINNIPEG – The Canadian dollar moved higher coming out of the Canada Day long weekend. The loonie was at US$0.7572 or US$1=C$1.3207, up from US$0.7553 or US$1=C$1.3240 on Friday. The Bank of Canada (BoC) didn’t post a closing exchange rate on July 3 due to the Canada Day holiday. The United States Dollar Index declined […] Read more

By MarketsFarm   WINNIPEG, June 30 (MarketsFarm) – The Canadian dollar was firmer on Friday, finding support from gains in crude oil ahead of the Canada Day long weekend. The Canadian dollar settled at US$0.7553 or US$1=C$1.3240 on Friday, which compares with Thursday’s close of US$0.7544 or US$1=C$1.3255. Canada’s real domestic product held steady in […] Read more

WINNIPEG – The Canadian dollar has inched upwards after the release of economic data from Statistics Canada (StatCan). The loonie was at US$0.7549 or US$1=C$1.3247, up from US$0.7544 or US$1=C$1.3255 on Thursday. StatCan reported earlier today that the country’s economy grew by 0.4 per cent in May, leaving the possibility open for another key interest […] Read more

WINNIPEG – The Canadian dollar stayed steady on Thursday despite a stronger United States greenback. The loonie closed at US$0.7544 or US$1=C$1.3255, compared to US$0.7545 or US$1=C$1.3254 on Wednesday. The U.S. Dollar Index jumped 0.42 of a point at 103.33. Crude oil made its way upwards on Thursday after a decline in U.S. stockpiles. However, […] Read more