“It's a little bit stronger, which is the new motto,” Bank of Nova Scotia chief currency strategist Camilla Sutton said of the Canadian dollar, which has been as high as 83.23 cents U.S. and as low as 82.53 cents today. By late afternoon, it sat at 83 ...
By Commodity News Service Canada. WINNIPEG, May 27 The Canadian dollar was down slightly relative to the US dollar Wednesday morning, undermined by continued weakness in crude oil values, analysts said.
The Canadian dollar is down sharply after oil and gold slipped back from recent gains. The loonie was trading at 82.22 US cents at the end of the day Friday, down two-thirds of a cent from yesterday's close.
The Canadian dollar has fallen by nearly two cents since Friday, as the U.S. greenback shot upward and oil headed down. The loonie closed at 83.26 cents US on Friday but slid all day yesterday as markets in Canada were closed.