Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was held relatively steady on Monday, rising slightly relative to its United States counterpart. The Canadian dollar settled at US$0.7362 or US$1=C$1.3583 on Monday, which compares with Friday’s close of US$0.7357 or US$1=C$1.3593. Expectations that the United States Federal Reserve will likely cut interest […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Monday morning, with gains in crude oil providing some underlying support to the energy-linked currency. At 9:01 a.m. CDT the Canadian dollar was trading at US$0.7365 or US$1=C$1.3578, which compares with Friday’s close of US$0.7357 or US$1=C$1.3593. Expectations that the United States […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week with a sharp drop after the release of economic data from Statistics Canada (StatCan). The loonie closed at US$0.7357 or US$1=C$1.3593, compared to US$0.7394 or US$1=C$1.3525 on Thursday. StatCan reported this morning that retail sales dipped 0.3 per cent in January at C$67 billion. However, […] Read more

Glacier FarmMedia MarketsFarm – After approaching 74 United States cents yesterday, the Canadian dollar retreated on Friday morning after the release of data from Statistics Canada (StatCan). The loonie was at US$0.7369 or US$1=C$1.3570 as of 8:54 a.m. CDT, compared to US$0.7394 or US$1=C$1.3525 on Thursday. StatCan reported on Friday that retail sales dipped 0.3 […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was within striking distance of the 74 United States cent mark. The loonie closed at US$0.7394 or US$1=C$1.3525, compared to US$0.7375 or US$1=C$1.3559 on Wednesday. The United States Dollar Index jumped 0.61 of a point at 104.04, approaching its highest level in three weeks. Crude oil prices moved lower […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar approached 74 United States cents on Thursday morning. The loonie was at US$0.7402 or US$1=C$1.3510 as of 8:38 a.m. CDT, compared to US$0.7375 or US$1=C$1.3559 on Wednesday. The United States Dollar Index was up 0.27 of a point at 103.70. The U.S. Federal Reserve announced on Wednesday it […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar recovered some of its losses from Tuesday. The loonie closed at US$0.7375 or US$1=C$1.3559 on Wednesday, compared to US$0.7363 or US$1=C$1.3581 on Tuesday. The United States Dollar Index declined by 0.01 of a point at 103.42 after rising as high as 104.13 during the day. The U.S. Federal […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Wednesday morning. The loonie was at US$0.7358 or US$1=C$1.3591 as of 8:45 a.m. CDT, compared to US$0.7363 or US$1=C$1.3581 on Tuesday. The United States Dollar Index jumped 0.66 of a point at 104.09, its highest level in nearly a month. The U.S. […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar matched its lowest level in two weeks after the release of surprise economic news from Statistics Canada (StatCan). The loonie closed at US$0.7363 or US$1=C$1.3581, compared to US$0.7385 or US$1=C$1.3541 on Monday. StatCan reported today that Canada’s annual inflation rate declined to 2.8 per cent in February, compared […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar plunged on Tuesday morning after the release of surprising economic data from Statistics Canada (StatCan). The loonie was at US$0.7349 or US$1=C$1.3607 as of 8:49 a.m. CDT, compared to US$0.7385 or US$1=C$1.3541 on Monday. StatCan reported this morning that the country’s annual inflation rate slightly declined to 2.8 per […] Read more