Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Friday. The Canadian dollar settled at US$0.7372 or US$1=C$1.3565 on Friday, which compares with Thursday’s close of US$0.7373 or US$1=C$1.3563. Retail sales increased 0.9 per cent in July hitting C$66.4 billion, reported Statistics Canada. Early data from August suggests a 0.5 per […] Read more

By Phil Franz-Warkentin Glacier FarmMedia|MarketsFarm–The Canadian dollar was slightly softer Friday morning. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7363 or US$1=C$1.3581, which compares with Thursday’s close of US$0.7373 or US$1=C$1.3563. Retail sales increased 0.9 per cent in July hitting C$66.4 billion, reported Statistics Canada. Early data from August suggests a 0.5 […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm – The Canadian dollar was stronger on Thursday, as currency traders continued to adjust positions following Wednesday’s interest rate cut from the United States Federal Reserve. The Canadian dollar settled at US$0.7373 or US$1=C$1.3563 on Thursday, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. An estimated 489,000 Canadians […] Read more

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