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Glacier FarmMedia — The Canadian dollar was holding steady Wednesday morning, lacking any clear direction as currency traders continued to adjust positions ahead of next week’s Bank of Canada interest rate announcement.      Expectations are for Canada’s central bank and the United States Federal Reserve to cut rates in the coming months.      At 8:53 […] Read more

Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency markets continued to see some adjustment ahead of interest rate announcements later in the month. Ongoing tariff uncertainty and sluggish domestic jobs data released last week added to the softer tone in the loonie.      The Canadian dollar settled at US$0.7229 or US$1=C$1.3833, […] Read more

Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement a feature. Expectations are for both Canada’s central bank and the United States Federal Reserve to cut rates in the coming months. At 9:14 a.m. CDT the Canadian dollar was trading at […] Read more

Glacier FarmMedia — The Canadian dollar held firm relative to its United States counterpart on Monday, with positioning ahead of interest rate announcements from the Bank of Canada and U.S. Federal Reserve later in the month behind some of the activity. The Canadian dollar settled at US$0.7238 or US$1=C$1.3816, which compares with Friday’s close of […] Read more

Glacier FarmMedia — The Canadian dollar was holding steady Monday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement behind some of the activity. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7230 or US$1=C$1.3831 which compares with Friday’s close of US$0.7231 or US$1=C$1.3829. Crude oil was posting small […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was unchanged on Friday as weakness in the United States and crude oil countered each other. The loonie remained at Thursday’s close of US$0.7231 or US$1=C$1.3829. Meanwhile, the U.S. Dollar Index lost 0.584 of a point at 97.720. Benchmark crude oil prices pulled […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar tacked on about a tenth of a cent Friday morning, as its United States counterpart stepped back. As of 8:39 am CDT, the loonie was at US$0.7243 or US$1=C$1.3805 compared to Thursday’s close of US$0.7231 or US$1=C$1.3829. On the U.S. Dollar Index, the greenback […] Read more

Glacier FarmMedia – The Canadian dollar eased off on Thursday. The loonie closed at US$0.7231 or US$1=C$1.3829, compared to US$0.7250 or US$1=C$1.3794 on Wednesday. Statistics Canada reported this morning that Canada’s merchandise trade deficit was at C$4.9 billion in July, compared to C$6 billion in June. Canada’s trade surplus with the United States grew by […] Read more

Glacier FarmMedia – The Canadian dollar declined on Thursday morning. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:28 a.m. CDT, compared to Wednesday’s close at US$0.7250 or US$1=C$1.3794. The United States Dollar Index was up 0.13 of a point at 98.27. Data from processing firm ADP published Thursday morning said private payrolls in […] Read more

The Canadian dollar was relatively steady on Wednesday. The loonie closed at US$0.7250 or US$1=C$1.3794, compared to US$0.7252 or US$1=C$1.3789 on Tuesday. The United States Dollar Index was down 0.24 of a point at 98.15. Crude oil prices fell on Wednesday after reports suggested OPEC+ could decide at its meeting on Sunday to raise output […] Read more