Currency Markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm –  The Canadian dollar edged higher relative to its United States counterpart on Thursday, with gains in crude oil providing some support to the energy-linked currency. The Canadian dollar settled at US$0.7405 or US$1=C$1.3505 on Wednesday, which compares with Wednesday’s close of US$0.7395 or US$1=C$1.3522. Investment in building construction […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Thursday morning, as investors continued to weigh the likelihood of interest rate adjustments from central banks over the next few weeks. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7401 or US$1=C$1.3512, which compares with Wednesday’s close of US$0.7395 or […] Read more

Canadian Financial Close: C$ hits five-week low   By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Wednesday, hitting its lowest level in five weeks relative to its United States counterpart as investors were reportedly backing away from riskier assets. The Canadian dollar settled at US$0.7395 or US$1=C$1.3522 on Wednesday, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Wednesday morning, hitting its lowest level in the past month relative to its United States counterpart. At 8:40 a.m. CST the Canadian dollar was trading at US$0.7390 or US$1=C$1.3532, which compares with Tuesday’s close of US$0.7417 or US$1=C$1.3483. Statistics Canada reported that the […] Read more

By Phil Franz-Warkentin        Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday as broad gains in the United States dollar internationally put some pressure on the currency. The Canadian dollar settled at US$0.7417 or US$1=C$1.3483 on Tuesday, which compares with Monday’s close of US$0.7443 or US$1=C$1.3436. Canada’s consumer price index […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continue to make small gains at midday Tuesday, due to the effects of a stronger United States dollar according to a trader. “There’s big currency action today. The U.S. dollar is extremely strong and that’s giving some support,” the trader said. At mid-Tuesday […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Tuesday morning, as annual inflation data was in line with trade expectations. At 8:35 a.m. CST the Canadian dollar was trading at US$0.7479 or US$1=C$1.3437, which compares with Monday’s close of US$0.7443 or US$1=C$1.3436. Canada’s consumer price index increased by 3.4 […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker on Monday, as investors reacted to relatively soft economic outlook from the Bank of Canada’s quarterly Business Outlook Survey. Activity was on the quiet side, with many markets in the United States closed for Martin Luther King Jr. Day. The Canadian dollar […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Monday morning in relatively thin trade. Markets in the United States are closed Monday for Martin Luther King Jr. Day, limiting some of the activity. At 8:54 a.m. CST Monday morning the Canadian dollar was trading at US$0.7442 or US$1=C$1.3437, which compares with […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar bounced back to end the week. The loonie closed at US$0.7470 or US$1=C$1.3387, compared to US$0.7458 or US$1=C$1.3409 on Thursday. The United States Dollar Index was up 0.13 of a point at 102.42. Crude oil prices rose on Friday after the U.S. launched strikes on Houthi rebels in Yemen. […] Read more