Currency Markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Wednesday morning given little movement in its United States counterpart and despite increases in crude oil. As of 8:42 am CDT, the loonie was at US$0.7351 or US$1=C$1.3603 compared to Tuesday’s close of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar took another step back on Tuesday, losing about two-tenths of cent due sharp declines in crude oil. The loonie closed at US$0.7353 or US$1=C$1.3599, compared to Monday’s finish of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index, the greenback tacked on 0.080 of a […] Read more

The Canadian dollar lost some ground on Tuesday morning as crude oil prices stepped back, As of 8:35 am CDT, the loonie was at US$0.7364 or US$1=C$1.3578 compared to Monday’s close of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index, the greenback nudged up 0.090 of a point at 101.250. Benchmark crude oil prices were […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar gave up nearly a tenth of a cent on Monday, largely due to strength in its Untied States counterpart. The loonie closed at US$0.7374 or US$1=C$1.3561, compared to Friday’s finish of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback was up 0.422 […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning as improvement in the United States dollar outweighed upticks in crude oil. As of 8:36 am CDT, the loonie was at US$0.7370 or US$1=C$1.3569 compared to Friday’s close of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back to close out the week. The loonie closed at US$0.7383 or US$1=C$1.3545, compared to US$0.7400 or US$1=C$1.3514 on Thursday. Statistics Canada reported the unemployment rate rose to 6.6 per cent in August, compared to 6.4 per cent in July. However, the Canadian economy added […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Friday morning. The loonie was at US$0.7400 or US$1=C$1.3514 as of 8:33 a.m. CDT, the same as the Bank of Canada’s closing exchange rate on Thursday. Statistics Canada reported that Canada’s unemployment rate rose to 6.6 per cent in August, compared to 6.4 per cent in […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar inched its way back to the 74 United States cent mark on Thursday. The loonie closed at US$0.7400 or US$1=C$1.3514, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The U.S. Dollar Index dropped 0.25 of a point at 101.11. Crude oil stayed relatively steady compared to the past two […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar made its way back above the psychological 74 U.S. cent mark Thursday morning. The loonie was at US$0.7401 or US$1=C$1.3512 as of 8:40 a.m. CDT, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The United States Dollar Index was down 0.26 of a point at 101.10. An increased likelihood […] Read more

After a week of declines, the Canadian dollar made its way closer to the 74 United States cent mark on Wednesday. The loonie closed at US$0.7394 or US$1=C$1.3525, compared to US$0.7381 or US$1=C$1.3548 on Tuesday. The Bank of Canada announced earlier today it has cut its key interest rate by another 25 basis points at […] Read more