Currency Markets

By Glen Hallick Glacier FarmMedia – The Canadian dollar continued higher on Wednesday morning, following the Bank of Canada’s latest announcement on its key overnight rate. The BoC froze that interest rate at 2.25 per cent, noting that little has changed economically for Canada, however the central bank noted unstable United States trade policies and […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar was higher on Tuesday, as part of the positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada at 8:45 a.m. CST, and the United States Federal Reserve at 1 p.m. CST. Analysts’ predicted  rate freezes by both central banks. Also, the Canadian dollar […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Tuesday morning, as its United States counterpart fell back and crude oil increased. As of 8:38 am CST, the loonie was at US$0.7332 or US$1=C$1.3640, compared to Monday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, the greenback gave up 0.452 […] Read more

Glacier FarmMedia – The Canadian dollar settled just shy of the 73 United States cent mark on Monday.          The loonie closed at US$0.7298 or US$1=C$1.3702, compared to US$0.7282 or US$1=C$1.3732 on Friday.      The U.S. Dollar Index dropped 0.52 of a point at 97.08, supporting the loonie.      However, crude oil prices softened as […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In an about-face over the weekend, United States President Donald Trump threatened to slap 100 per cent tariffs on most imports of Canadian good. Trump pointed to the recent Canada-China trade deal which […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed above 73 U.S. cents on Monday morning, as its United States counterpart weakened. As of 8:55 am CST, the loonie was at US$0.7307 or US$1=C$1.3688, compared to Friday’s close of US$0.7282 or US$1=C$1.3732. On the U.S. Dollar Index, the greenback pulled back 0.529 of a […] Read more

Glacier FarmMedia – The Canadian dollar ended the week on a high note, gaining nearly one United States cent during that time.          On Friday, the loonie settled at US$0.7282 or US$1=C$1.3732, compared to US$0.7247 or US$1=C$1.3798 on Thursday. On Jan. 16, the Bank of Canada’s closing exchange rate was US$0.7188 or US$1=C$1.3912.      The […] Read more

Glacier FarmMedia – The Canadian dollar looked to end the week on a high note on Friday.      The loonie was at US$0.7265 or US$1=C$1.3765 as of 8:35 a.m. CST, compared to Thursday’s close at US$0.7247 or US$1=C$1.3798.      Statistics Canada reported this morning that retail sales were up 1.3 per cent to C$70.4 billion […] Read more

Glacier FarmMedia – The Canadian dollar continued to rise on Thursday due to its weaker United States counterpart.          The loonie settled at US$0.7247 or US$1=C$1.3798, compared to US$0.7239 or US$1=C$1.3814 on Wednesday. The U.S. Dollar Index was down 0.43 of a point at 98.33.      Crude oil prices were down as geopolitical tensions involving […] Read more

Glacier FarmMedia – The Canadian dollar took a step back this morning as crude oil prices dropped due to an easing in tensions between the United States and the rest of the world.      The loonie was at US$0.7234 or US$1=C$1.3824 as of 8:50 a.m. CST, compared to Wednesday’s close at US$0.7239 or US$1=C$1.3814.   […] Read more