Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm–The Canadian dollar was slightly softer Thursday morning as currency markets continued to react to Wednesday’s interest rate cut in the United States. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7353 or US$1=C$1.3599, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. An estimated 489,000 Canadians were […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency traders reacted to a large interest rate cut in the United States. The Canadian dollar settled at US$0.7358 or US$1=C$1.3590 on Wednesday, which compares with Tuesday’s close of US$0.7355 or US$1=C$1.3596. The U.S. Federal Reserve cut interest rates by […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm–The Canadian dollar was slightly firmer Wednesday morning as currency traders await the latest interest rate announcement from the United States Federal Reserve. A rate cut is widely anticipated, with but the size of that reduction remains to be seen. Accompanying statements will also be followed closely for […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm–The Canadian dollar held steady on Tuesday, lacking any clear direction as investors adjusted positions ahead of the latest interest rate announcement from the United States Federal Reserve on Wednesday. The Canadian dollar settled at US$0.7355 or US$1=C$1.3596 on Tuesday, which compares with Monday’s close of US$0.7357 or US$1=C$1.3593. Canada’s […] Read more

The Canadian dollar was slightly softer Tuesday morning, as a slowdown in the country’s rate of inflation weighed on the currency. At 8:48 a.m. CDT the Canadian dollar was trading at US$0.7346 or US$1=C$1.3613, which compares with Monday’s close of US$0.7357 or US$1=C$1.3593. Canada’s consumer price index was up by 2.0 per cent on an […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Monday, lacking any clear direction. The Canadian dollar settled at US$0.7357 or US$1=C$1.3593 on Monday, which compares with Friday’s close of US$0.7361 or US$1=C$1.3586. Canadian home sales were up by 1.3 per cent in August compared to the previous month but still […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding near unchanged Monday morning. At 9:18 a.m. CDT the Canadian dollar was trading at US$0.7359 or US$1=C$1.3589, which compares with Friday’s close of US$0.7361 or US$1=C$1.3586. Canadian home sales were up by 1.3 per cent in August compared to the previous month […] Read more

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was relatively steady on Friday, even though its United States counterpart was lower and crude oil edged a little higher. The loonie closed at US$0.7361 or US$1=C$1.3586, compared to Thursday’s finish of US$0.7358 or US$1=C$1.3591. On the U.S. Dollar Index, the greenback gave up 0.223 […] Read more

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar edged higher on Friday morning, gleaning support from declines in its United States counterpart as well as upticks in crude oil. As of 8:38 am CDT, the loonie was at US$0.7367 or US$1=C$1.3577 compared to Thursday’s close of US$0.7358 or US$1=C$1.3591. On the U.S. Dollar […] Read more

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was essentially unchanged on Thursday, despite favourable movements in the United States dollar and in crude oil. The loonie closed at US$0.7358 or US$1=C$1.3591, compared to Wednesday’s finish of US$0.7359 or US$1=C$1.3589. On the U.S. Dollar Index, the greenback lost 0.397 of a point at […] Read more