Currency Markets

Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Thursday, largely due to rising crude oil prices. As of 3:42 p.m. CST, the loonie was at US$0.7425 or US$1=C$1.3468, compared to US$0.7416 or US$1=C$1.3484 on Wednesday. The United States Dollar Index was up 0.26 of a point at 103.49. Crude oil prices jumped on […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Thursday morning despite rising crude oil prices. The loonie was at US$0.7410 or US$1=C$1.3495, compared to Wednesday’s close of US$0.7416 or US$1=C$1.3484. The United States Dollar Index was up 0.14 of a point at 103.37. A large draw from U.S. stockpiles and stimulus towards the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar settled near unchanged on Wednesday, retreating from earlier advances relative to its United States counterpart as the Bank of Canada held interest rates steady. The Canadian dollar settled at US$0.7416 or US$1=C$1.3484 on Wednesday, which compares with Tuesday’s close of US$0.7419 or US$1=C$1.3478. The Bank […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was lacking any clear direction Wednesday morning as currency traders digested the latest policy announcement from the Bank of Canada. At 9:17 a.m. CST the Canadian dollar was trading at US$0.7418 or US$1=C$1.3481, which compares with Tuesday’s close of US$0.7419 or US$1=C$1.3478. The Bank […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Tuesday, as currency traders adjusted positions ahead of Wednesday’s Bank of Canada policy meeting. General expectations are for the central bank to hold rates steady this month, but any hints at future rate moves will be followed closely. The Canadian […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Tuesday morning, with positioning ahead of Wednesday’s Bank of Canada’s policy announcement behind some of the activity. At 9:16 a.m. CST the Canadian dollar was trading at US$0.7420 or US$1=C$1.3477, which compares with Monday’s close of US$0.7433 or US$1=C$1.3454. Canada’s new housing […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Monday, following a virtual balancing between small upticks in the United States dollar and gains in crude oil prices. The Canadian dollar closed at US$0.7433 or US$1=C$1.3353, compared to Friday’s finish of US$0.7428 or US$1=C$1.3462. On the U.S. Dollar Index, […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Monday morning, as gains in crude oil provided some underlying support and investors adjusted positions ahead of the Bank of Canada’s upcoming policy announcement. At 9:00 a.m. CST the Canadian dollar was trading at US$0.7440 or US$1=C$1.3441, which compares with Friday’s close […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar managed to move higher on Friday, taking back most of the losses relative to its United States counterpart posted over the past week. The Canadian dollar settled at US$0.7428 or US$1=C$1.3462 on Friday, which compares with Thursday’s close of US$0.7405 or US$1=C$1.3505. Canadian retail sales […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was showing some modest strength Friday morning, with gains in crude oil providing underlying support. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7419 or US$1=C$1.3479, which compares with Thursday’s close of US$0.7405 or US$1=C$1.3505. Canadian retail sales dipped by 0.2 per cent […] Read more