Currency Markets

Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, backing away from the eight-day high relative to its United States counterpart hit on Wednesday. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7268 or US$1=C$1.3759 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Crude oil was firm in early trade, […] Read more

Glacier FarmMedia — The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7254 or US$1=C$1.3785 on Tuesday. The United States Dollar Index dropped 0.53 of a point at 98.25. U.S. President Donald Trump threatened 50 per cent tariffs on goods from India earlier today due to the […] Read more

Glacier FarmMedia — The Canadian dollar was stronger Wednesday morning, finding some support from advances in crude oil. At 9:23 a.m. CDT the Canadian dollar was trading at US$0.7271 or US$1=C$1.3753 which compares with Tuesday’s close of US$0.7254 or US$1=C$1.3785. Crude oil was firm in early trade, with West Texas Intermediate up 0.68 per cent […] Read more

Glacier FarmMedia – The Canadian dollar strengthened slightly coming out of the August long weekend. The loonie closed at US$0.7254 or US$1=C$1.3785 on Tuesday, compared to US$0.7248 or US$1=C$1.3797 on Friday. The Bank of Canada did not post a closing rate on Monday. The United States Dollar Index gained 0.03 of a point at 98.81. Crude […] Read more

Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as activity resumed after the August long weekend. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or US$1=C$1.3776 which compares with Friday’s close of US$0.7248 or US$1=C$1.3797. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion […] Read more

Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7223 or US$1=C$1.3844 on Thursday. However, the closing rate paled in comparison to that of a week earlier at US$0.7297 or US$1=C$1.3704. Tariff rates on the goods of numerous […] Read more

Glacier FarmMedia — The Canadian dollar was stronger Friday morning as currency markets reacted to the latest trade news out of the United States. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7254 or US$1=C$1.3785 which compares with Thursday’s close of US$0.7223 or US$1=C$1.3844. U.S. President Donald Trump signed executive orders placing import […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back nearly two-tenths of a cent on Thursday, as Canada-United States trade talks pressed towards Friday’s deadline. The loonie finished at US$0.7223 or US$1=C$1.3844, compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. The U.S. Dollar Index nudged up 0.229 of a point […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to peel back Thursday morning as trade talks between Canada and the United States press towards Friday’s deadline. As of 8:36 am CDT, the loonie was at US$0.7227 or US$1=C$1.3837 compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. On the U.S. Dollar Index, […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar fell back further on Wednesday, as the Bank of Canada and the United States Federal Reserve made their respective interest rate announcements. The BoC continued to freeze its key rates at 2.75 per cent, suggesting that cuts could resume in the coming months. […] Read more