Currency Markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar drifted lower on Monday morning, as its United States counterpart and global crude oil prices provided little direction. As of 8:34 am CST, the loonie was at US$0.7398 or US$1=C$1.3514 compared to Friday’s close of US$0.7411 or C$1.3494. On the U.S. Dollar Index, the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held within a narrow range on Friday, lacking any clear direction as traders adjusted positions ahead of the weekend amid a lack of fresh news. Gross domestic product data for both the United States and Canada will be released next week. The Canadian dollar settled […] Read more

By Phil Franz-Warkentin     Glacier FarmMedia MarketsFarm – The Canadian dollar was holding onto small gains relative to its United States counterpart Friday morning, in choppy pre-weekend trade. The Bank of Canada releases its next interest rate decision on Feb. 29, and currency traders will be following the announcement closely for hints on the […] Read more

By Phil Franz-Warkentin    Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer relative to its United States counterpart on Thursday. The Canadian dollar settled at US$0.7411 or US$1=C$1.3494 on Thursday, which compares with Wednesday’s close of US$0.7401 or US$1=C$1.3512. Canada’s new housing price index dipped by 0.1 per cent in January compared to the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Thursday morning, as expectations that the United States Federal Reserve will be unlikely to cut interest rates anytime soon provided support. At 8:52 a.m. CST the Canadian dollar was trading at US$0.7413 or US$1=C$1.3490, which compares with Wednesday’s close of US$0.7401 […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Wednesday as minutes from the United States Federal Reserve’s January meeting showed the central bank is unlikely to cut interest rates anytime soon. Positioning in global financial markets ahead of an earnings report from tech giant Nvidia was a feature of the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding near unchanged Wednesday morning, as investors await the release of the United States Federal Reserve’s minutes from their January meeting later in the day. The financial markets will be watching the minutes closely for signs of future rate moves from the central […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday, as soft inflation data raised expectations that the Bank of Canada will likely cut interest rates sooner rather than later. The Canadian dollar settled at US$0.7398 or US$1=C$1.3518 on Tuesday, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Most […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Tuesday morning, as inflation in the country slowed over the past month. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7402 or US$1=C$1.3510, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Canada’s annual rate of inflation fell to 2.9 […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a positive note on Friday. The loonie closed at US$0.7416 or US$1=C$1.3484, compared to US$0.7411 or US$1=C$1.3493 on Thursday. The United States Dollar Index was down 0.01 of a point at 104.29. Crude oil prices rose on Friday amidst tensions in the Middle East. […] Read more