Currency Markets

Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back on Tuesday. The loonie closed at US$0.7364 or US$1=C$1.3579, compared to US$0.7385 or US$1=C$1.3541 on Monday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged. The United States Dollar Index was up […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Tuesday. The loonie was at US$0.7365 or US$1=C$1.3578, lower than Monday’s close of US$0.7385 or US$1=C$1.3541. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many expecting the central bank to leave the rate unchanged. The United States Dollar Index […] Read more

After a brief sojourn above the 74 United States cent mark, the Canadian dollar lost some ground. The loonie closed on Monday at US$0.7385 or US$1=C$1.3541, compared to US$0.7404 or US$1=C$1.3507 on Friday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged. […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar moved below the 74 United States cent mark on Monday. The loonie was at US$0.7374 or US$1=C$1.3561, lower than Friday’s close of US$0.7404 or US$1=C$1.3507. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many expecting the central bank to leave the […] Read more

By MarketsFarm   WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was stronger on Friday, as monthly jobs data beat expectations. The Canadian dollar settled at US$0.7404 or US$1=C$1.3508 on Friday, which compares with Thursday’s close of US$0.7363 or US$1=C$1.3582. While Statistics Canada reported that the country’s unemployment rate edged up 0.1 points in November, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Friday morning, hitting its highest level in two months relative to its United States counterpart. At 8:49 a.m. CST Friday morning the Canadian dollar was trading at US$0.7399 or US$1=C$1.3515, which compares with Thursday’s close of US$0.7363 or US$1=C$1.3582. Canada’s unemployment rate rose […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened slightly relative to its United States counterpart on Thursday, finding some support despite losses in crude oil. The Canadian dollar settled at US$0.7363 or US$1=C$1.3582 on Thursday, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. While the latest economic data from Statistics Canada […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Thursday morning, as currency traders reacted to updated inflation data. At 9:13 a.m. CST Thursday morning the Canadian dollar was trading at US$0.7372 or US$1=C$1.3565, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. Canada’s real gross domestic product (GDP) dipped […] Read more

By MarketsFarm Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker on Wednesday, backing away from the eight-week highs relative to its United States counterpart hit the previous session. The Canadian dollar settled at US$0.7358 or US$1=C$1.3590 on Tuesday, which compares with Tuesday’s close of US$0.7363 or US$1=C$1.3581. Canada’s current account deficit narrowed to […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding relatively steady Wednesday morning, taking a breather after hitting an eight-week high relative to its United States counterpart on Tuesday. At 8:48 a.m. CST Wednesday morning the Canadian dollar was trading at US$0.7362 or US$1=C$1.3583, which compares with Tuesday’s close of US$0.7363 or […] Read more