Currency Markets

Glacier FarmMedia MarketsFarm – The Canadian dollar dropped yet again on Thursday which is now struggling to stay above the 73 United States cent mark. The loonie closed at US$0.7304 or US$1=C$1.3692, compared to US$0.7315 or US$1=C$1.3671 on Wednesday. The U.S. Dollar Index added 0.02 of a point at 105.27, but surpassed the 105.50 mark earlier […] Read more

  Glacier FarmMedia MarketsFarm – The Canadian dollar remained under pressure Thursday morning after Wednesday’s sharp drop. The loonie was at US$0.7311 or US$1=C$1.3678 as of 8:37 a.m. CDT, compared to US$0.7315 or US$1=C$1.3571 on Wednesday. On that day, the BoC said it will leave its key interest rate unchanged at five per cent. However, […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar fell to its lowest point since last November on Wednesday after the Bank of Canada (BoC) made its interest rate announcement. The loonie closed at US$0.7315 or US$1=C$1.3671, compared to US$0.7365 or US$1=C$1.3578 on Tuesday. The BoC left its key rate at five per cent, and observers believe the […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar fell on Wednesday morning as the Bank of Canada (BoC) made its latest key interest rate announcement. The loonie was at US$0.7317 or US$1=C$1.3666 as of 8:46 a.m. CDT, compared to US$0.7365 or US$1=C$1.3578 on Tuesday. The BoC said it will leave its key interest rate unchanged at five […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Tuesday. The loonie closed at US$0.7365 or US$1=C$1.3578, compared to US$0.7363 or US$1=C$1.3582 on Monday. The United States Dollar Index declined 0.04 of a point at 104.10. A reduced presence of Israeli troops in Gaza has pulled crude oil prices down. Brent crude oil […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar followed through on positive momentum Tuesday morning. The loonie was at US$0.7377 or US$1=C$1.3556 as of 8:41 a.m. CDT, compared to US$0.7363 or US$1=C$1.3582 on Monday. The United States Dollar Index was down 0.25 of a point at 103.89. Crude oil prices had a mixed tone. Brent crude […] Read more

Glacier FarmMedia MarketsFarm – After falling to a four-month low on Friday, the Canadian dollar took a small step while regaining positive momentum on Monday. The loonie closed at US$0.7363 or US$1=C$1.3582, compared to US$0.7354 or US$1=C$1.3598 on Friday. The United States Dollar Index declined 0.17 of a point at 104.13. Crude oil prices dropped on […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar had positive momentum on Monday morning after losing more than half a United States cent on Friday. The loonie was at US$0.7366 or US$1=C$1.3576 as of 8:33 a.m. CDT, compared to US$0.7354 or US$1=C$1.3598 on Friday. The United States Dollar Index was down 0.04 of a point at 104.26. […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar lost about a half cent on Wednesday, as a stronger United States dollar earlier in the day drove down the loonie, coupled with higher unemployment. The loonie closed at US$0.7354 or US$1=C$1.3598, compared to Thursday’s finish of US$0.7405 or US$1=C$1.3504. On the United States […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar tumbled on Friday due to the stronger United States dollar. The loonie was at US$0.7334 or US$1=C$1.3635 as of 8:58 a.m. CDT, compared to US$0.7405 or US$1=C$1.3504 on Thursday. Statistics Canada reported on Friday that the country’s unemployment rate jumped to 6.1 per cent in March, compared to […] Read more