Currency Markets

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Monday morning as currency traders await the latest interest rate decision from the Bank of Canada later in the week. Many investors now anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday. At 8:33 a.m. CDT […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar made a slight decline to end the week. The loonie was at US$0.7245 or US$1=C$1.3802, compared to US$0.7252 or US$1=C$1.3789 on Thursday. The United States Dollar Index was down 0.36 of a point at 103.47. Crude oil recorded its biggest weekly loss in more than a year, partly due […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Friday morning. Positioning ahead of next week’s interest rate announcement from the Bank of Canada was a feature, with many investors now anticipating a 50-basis-point cut to the central bank’s overnight rate. At 8:52 a.m. CDT the Canadian dollar […] Read more

The Canadian dollar made a slight retreat on Thursday. The loonie was at US$0.7252 or US$1=C$1.3789, compared to US$0.7262 or US$1=C$1.3771 on Wednesday. The United States Dollar Index was up 0.21 of a point at 103.80. Crude oil made small gains after a drop in U.S. stockpiles and ongoing tensions in the Middle East. West […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7252 or US$1=C$1.3789, which compares with Wednesday’s close of US$0.7262 or US$1=C$1.3771. Canadian investors increased their holdings of foreign securities by C$12.3 billion in August while […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar stepped up on Wednesday. The loonie was at US$0.7262 or US$1=C$1.3771, compared to US$0.7244 or US$1=C$1.3805 on Tuesday. The United States Dollar Index was up 0.30 of a point at 103.56. Crude oil was mixed one day after Israel said it will not attack Iranian crude oil facilities. […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Wednesday morning, finding some support after declining relative to its United States counterpart for the past two weeks. At 9:27 a.m. CDT the Canadian dollar was trading at US$0.7257 or US$1=C$1.3780, which compares with Tuesday’s close of US$0.7244 or US$1=C$1.3805. Canadian manufacturing sales decreased by […] Read more

The Canadian dollar took a step back coming out of the Thanksgiving Day weekend. The loonie was at US$0.7244 or US$1=C$1.3805, compared to US$0.7267 or US$1=C$1.3761 on Friday. Statistics Canada reported today the country’s inflation rate declined to 1.6 per cent, its lowest level in more than three years. The Bank of Canada was closed […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Tuesday morning, as losses in crude oil and soft inflation data weighed on the currency. At 9:05 a.m. CDT the Canadian dollar was trading at US$0.7241 or US$1=C$1.3810, which compares with Friday’s close of US$0.7267 or US$1=C$1.3761. Canadian markets were closed Monday for Thanksgiving. Canada’s […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar held steady on Friday, while the TSX hit a record high. The Canadian dollar settled at US$0.7267 or US$1=C$1.3761 on Friday, which compares with Thursday’s close of US$0.7271 or US$1=C$1.3754. Canada added 47,000 jobs in September, with the unemployment rate dipping by 0.1 points at 6.5 per […] Read more