Currency Markets

Glacier FarmMedia MarketsFarm – The Canadian dollar retreated on Tuesday morning following the release of economic data from Statistics Canada (StatCan). The loonie was at US$0.7280 or US$1=C$1.3736 as of 8:33 a.m. CDT, compared to US$0.7322 or US$1=C$1.3658 on Monday. StatCan reported the economy grew by 0.2 per cent in February compared to the month before […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar increased slightly on Monday. The loonie closed at US$0.7322 or US$1=C$1.3658, compared to US$0.7316 or US$1=C$1.3668 on Friday. The United States Dollar Index declined 0.32 of a point at 105.62. Crude oil prices dropped as Israel and Hamas sit down for peace talks in Cairo. Brent crude oil […] Read more

The Canadian dollar was virtually unchanged on Monday morning. The loonie was at US$0.7319 or US$1=C$1.3663 as of 8:32 a.m. CDT, compared to US$0.7316 or US$1=C$1.3668 on Friday. The United States Dollar Index was down 0.12 of a point at 105.82. Crude oil prices were lower amid U.S. efforts to create a peace deal between […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened on Friday, hitting its highest level in two weeks relative to its United States counterpart. The Canadian dollar settled at US$0.7316 or US$1=C$1.3668 on Friday, which compares with Thursday’s close of US$0.7305 or US$1=C$1.3689. Comments from United States Treasury Secretary Janet Yellen were […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Friday morning, with gains in crude oil providing some support. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7318 or US$1=C$1.3665, which compares with Thursday’s close of US$0.7305 or US$1=C$1.3689. Comments from United States Treasury Secretary Janet Yellen were […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar saw some modest strength on Thursday, underpinned by gains in crude oil and soft economic data out of the United States. The Canadian dollar settled at US$0.7305 or US$1=C$1.3689 on Thursday, which compares with Wednesday’s close of US$0.7294 or US$1=C$1.3709. Economic growth in the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Thursday morning, as sluggish economic data out of the United States weighed on world equity markets and had investors backing away from riskier assets. At 8:56 a.m. CDT the Canadian dollar was trading at US$0.7284 or US$1=C$1.3729, which compares with Wednesday’s […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Wednesday, dipping back below the psychological 73 U.S. cents mark as soft retail sales data raised expectations that the Bank of Canada would begin cutting interest rates sometime in the next few months. The Canadian dollar settled at US$0.7294 or US$1=C$1.3709 on […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Wednesday morning, as soft domestic retail sales data pressured the currency. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7299 or US$1=C$1.3701, which compares with Tuesday’s close of US$0.7314 or US$1=C$1.3673. Retail sales in Canada dipped by 0.1 per […] Read more

The Canadian dollar was stronger on Tuesday, as softer than expected purchasing managers index (PMI) data out of the United States weighed on the U.S. currency. The Canadian dollar settled at US$0.7314 or US$1=C$1.3673 on Tuesday, which compares with Monday’s close of US$0.7291 or US$1=C$1.3715. Gains in crude oil were supportive for the Canadian currency, […] Read more