Currency Markets

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

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