Currency Markets

Glacier FarmMedia – The Canadian dollar retreated on Friday morning after the release of economic news from Statistics Canada.      The loonie was at US$0.7127 or US$1=C$1.4031 as of 8:38 a.m. CDT, compared to Thursday’s close at US$0.7149 or US$1=C$1.3987.      StatCan reported the Canadian economy contracted by 0.3 per cent in August, compared to […] Read more

Glacier FarmMedia – The Canadian dollar stumbled on Thursday due to lower bond yields, a new trade deal between the United States and China and a stronger U.S. greenback.      The loonie was at US$0.7144 or US$1=C$1.3998 as of 8:41 a.m. CDT, compared to Wednesday’s close at US$0.7186 or US$1=C$1.3916. Ten-year bond yields from the […] Read more

Glacier FarmMedia – The Canadian dollar had its highest close in more than a month on Wednesday, after the Bank of Canada made its latest interest rate announcement.      The loonie rose to US$0.7186 or US$1=C$1.3916, compared to US$0.7164 or US$1=C$1.3959 on Tuesday. Earlier today, the BoC cut its key interest rates by 25 basis […] Read more

Glacier FarmMedia – The Canadian dollar continued to rise on Wednesday.      The loonie was at US$0.7179 or US$1=C$1.3930 as of 8:39 a.m. CDT, compared to Tuesday’s close at US$0.7164 or US$1=C$1.3959.      The Bank of Canada announced today it will cut its key interest rate by 25 basis points at 2.25 per cent, as […] Read more

Glacier FarmMedia – The Canadian dollar closed at its highest level in 20 days on Tuesday.      The loonie rose to US$0.7164 or US$1=C$1.3959, compared to US$0.7145 or US$1=C$1.3995 on Monday.      The United States Dollar Index was down 0.08 of a point at 98.71. U.S. President Donald Trump and Chinese President Xi Jinping will […] Read more

Glacier FarmMedia – The Canadian dollar moved a little bit higher on Tuesday.      The loonie was at US$0.7149 or US$1=C$1.3988 as of 8:36 a.m. CDT, compared to Monday’s close at US$0.7145 or US$1=C$1.3995.      The United States Dollar Index was up 0.14 of a point at 98.92. There were reports on Monday that the […] Read more

Glacier FarmMedia – The Canadian dollar moved upwards on Monday.      The loonie rose to US$0.7145 or US$1=C$1.3995, compared to US$0.7136 or US$1=C$1.4014 on Friday.      The United States Dollar Index was down 0.05 of a point at 98.90 despite the U.S. and China agreeing to the framework for a potential trade deal before the […] Read more

Glacier FarmMedia — The Canadian dollar remained relatively steady on Monday.      The loonie was at US$0.7140 or US$1=C$1.4006 as of 8:48 a.m. CDT, compared to Friday’s close at US$0.7136 or US$1=C$1.4014.      The United States Dollar Index was down 0.11 of a point at 98.84. U.S. President Donald Trump told reporters on Air Force […] Read more

Glacier FarmMedia — The Canadian dollar was softer on Friday, amid escalating trade tensions with the United States.      The Canadian dollar settled at US$0.7136 or US$1=C$1.4014, which compares with Thursday’s close of US$0.7146 or US$1=C$1.3993.      U.S. President Donald Trump posted to social media Thursday night that all trade talks with Canada were terminated, […] Read more

Glacier FarmMedia — The Canadian dollar held steady on Thursday, despite strong gains in crude oil.      The Canadian dollar settled at US$0.7146 or US$1=C$1.3993, which compares with Wednesday’s close of US$0.7145 or US$1=C$1.3996.      Retail sales in Canada increased one per cent in August, to C$70.4 billion, reported Statistics Canada. Core retail sales, which […] Read more