Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, underpinned by gains in crude oil. The Canadian dollar settled at US$0.7423 or US$1=C$1.3472 on Wednesday, which compares with Tuesday’s close of US$0.7408 or US$1=C$1.3499. Commercial crude oil stocks in the United States fell by 5.5 million barrels during the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer relative to its United States counterpart Wednesday morning, as gains in crude oil underpinned the energy-linked currency. At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7417 or US$1=C$1.3483, which compares with Tuesday’s close of US$0.7408 or US$1=C$1.3499. Commercial crude […] Read more

The Canadian dollar underwent a small decline on Tuesday. The loonie closed at US$0.7408 or US$1=C$1.3499, compared to US$0.7412 or US$1=C$1.3491 on Monday. The United States Dollar Index increased 0.09 of a point at 102.95. The U.S. Labor Department reported this morning that the country’s core consumer price index (CPI), which excludes food and energy […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Tuesday morning, as currency traders reacted to the latest inflation news out of the United States. At 8:45 a.m. CDT the Canadian dollar was trading at US$0.7390 or US$1=C$1.3532, which compares with Monday’s close of US$0.7412 or US$1=C$1.3491. U.S. inflation was up […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Monday as currency traders adjusted positions ahead of updated inflation data from the United States set for release on Tuesday. The Canadian dollar settled at US$0.7412 or US$1=C$1.3491 on Monday, which compares with Friday’s close of US$0.7423 or US$1=C$1.3471. Crude […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency. At 9:05 a.m. CDT the Canadian dollar was trading at US$0.7403 or US$1=C$1.3501, which compares with Friday’s close of US$0.7423 or US$1=C$1.3471. Inflation data due out from the United […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday to end the week. The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada (StatCan) reported earlier today that while the country added 41,000 jobs in February, the unemployment rate rose to 5.8 per cent. Most parts […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar continued to rise on Friday morning, coinciding with the release of new Canadian employment data. The loonie was at US$0.7433 or US$1=C$1.3454 as of 8:31 a.m. CST, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported this morning that while Canada added 41,000 jobs in February, the […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar made a jump to go over 74 United States cents on Thursday. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7392 or US$1=C$1.3528 on Wednesday. The Bank of Canada (BoC) announced on Wednesday it will leave its key interest rate unchanged at five per cent. Statistics Canada (StatCan) […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was on the rise on Thursday morning. The loonie was at US$0.7416 or US$1=C$1.3484 as of 8:30 a.m. CST, compared to US$0.7392 or US$1=C$1.3528. The Bank of Canada (BoC) announced on Wednesday it will leave its key interest rate of five per cent unchanged. The United States Dollar Index […] Read more