Currency Markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Friday morning, as employment data out of the United States beat expectations. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7429 or US$1=C$1.3461, which compares with Thursday’s close of US$0.7460 or US$1=C$1.3404. U.S. nonfarm payrolls increased by 353,000 jobs in January, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held relatively steady on Thursday, with spillover support from gains in equity markets countered by pressure from losses in crude oil. The Canadian dollar settled at US$0.7460 or US$1=C$1.3404 on Thursday, which compares with Wednesday’s close of US$0.7464 or US$1=C$1.3397. The U.S. Federal Reserve left […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Thursday morning, as general strength in the United States dollar internationally weighed on the currency. At 8:51 a.m. CST the Canadian dollar was trading at US$0.7447 or US$1=C$1.3428, which compares with Wednesday’s close of US$0.7464 or US$1=C$1.3397. The U.S. Federal Reserve left interest […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer on Wednesday, underpinned by solid inflation data. However, losses in crude oil and the latest interest rate decision from the United States Federal Reserve put some pressure on the currency. The Canadian dollar settled at US$0.7464 or US$1=C$1.3397 on Wednesday, which compares with Tuesday’s close […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Wednesday morning as monthly inflation data beat expectations. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7462 or US$1=C$1.3401, which compares with Tuesday’s close of US$0.7453 or US$1=C$1.3417. Canada’s gross domestic product grew by 0.2 per cent in November after […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Tuesday, hitting fresh two-week highs relative to its United States counterpart. The Canadian dollar settled at US$0.7453 or US$1=C$1.3417 on Tuesday, which compares with Monday’s close of US$0.7439 or US$1=C$1.3442. The U.S. Fed will release its policy rate decision on Wednesday, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Tuesday morning, trading near its highest level in two weeks relative to its United States counterpart with positioning ahead of key economic data out later in the week a feature. At 8:45 a.m. CST the Canadian dollar was trading at US$0.7447 or US$1=C$1.3428, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held firm on Monday, lacking any clear direction as investors await the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar settled at US$0.7439 or US$1=C$1.3442 on Monday, which compares with Friday’s close of US$0.7435 or US$1=C$1.3478. The U.S. Fed will […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Monday morning, as investors adjusted positions ahead of key economic data out later in the week. At 8:47 a.m. CST the Canadian dollar was trading at US$0.7423 or US$1=C$1.3472, which compares with Friday’s close of US$0.7435 or US$1=C$1.3449. Canadian gross domestic product […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a high note, supporting by a weaker United States dollar and higher crude oil prices. The loonie closed at US$0.7435 or US$1=C$1.3449, compared to US$0.7410 or US$1=C$1.3496 on Thursday. The United States Dollar Index was down 0.12 of a point at 103.45. Crude oil […] Read more