Currency Markets

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

Glacier FarmMedia MarketsFarm – The Canadian dollar moved towards the 74 United States cent mark on Wednesday. The loonie closed at US$0.7392 or US$1=C$1.3528, compared to US$0.7363 or US$1=C$1.3582 on Tuesday. The Bank of Canada (BoC) announced earlier today it will leave its key interest rate unchanged at five per cent. The U.S. Dollar Index […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar regained upward momentum on Wednesday morning. The loonie was at US$0.7373 or US$1=C$1.3563 as of 8:31 a.m. CST, compared to US$0.7363 or US$1=C$1.3582. The Bank of Canada (BoC) will announce its key interest rate decision later today with many analysts expecting the key interest rate to remain at five […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar retreated for the second straight day on Tuesday. The loonie closed at US$0.7363 or US$1=C$1.3582, compared to US$0.7368 or US$1=C$1.3572 on Monday. The Bank of Canada (BoC) is expected to hold its key interest rate steady when making its policy announcement on Wednesday. The United States Dollar Index […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly down on Tuesday morning. The loonie was at US$0.7365 or US$1=C$1.3578 as of 8:33 a.m. CST, compared to US$0.7368 or US$1=C$1.3572. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many analysts expecting rate cuts to be delayed until June at […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7368 or US$1=C$1.3572, compared to US$0.7372 or US$1=C$1.3564 on Friday. The Bank of Canada (BoC) is expected to hold its key interest rate steady when making its policy announcement on Wednesday. Finance Minister Chrystia Freeland announced earlier today […] Read more