Currency Markets

By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up a quarter cent on Friday, weighed down by two domestic reports and a sharp hike in the United States dollar. Statistics Canada reported on Friday, that Canada’s gross domestic product saw no overall growth in November after a 0.3 per cent loss in October. […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar eased back on Friday morning due to gains in the United States dollar and little movement in crude oil. As well, Statistics Canada reported that Canada’s gross domestic product saw no overall growth in November after a 0.3 per cent loss in October. Preliminary estimates called […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar was stronger on Thursday, gleaning support from more spikes in crude oil and the continued weakening of the United States dollar. The loonie finished at US$0.7399 or US$1=C$1.3515 compared to Wednesday’s finish of US$0.7369 or US$1=C$1.3571. On the U.S. Dollar Index, the greenback gave up 0.194 […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed above 74 U.S. cents on Thursday morning, on spillover from crude oil. As of 8:36 am CST, the loonie was at US$0.7403 or US$1=C$1.3508, compared to Wednesday’s close of US$0.7369 or US$1=C$1.3571. On the U.S. Dollar Index, the greenback lost 0.239 of a point at […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar climbed more than a quarter of a cent on Wednesday, following today’s interest rate freezes by the Bank of Canada and the United States Federal Reserve. The loonie finished at US$0.7369 or US$1=C$1.3571 compared to Tuesday’s finish of US$0.7342 or US$1=C$1.3620. On the U.S. Dollar Index, […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar continued higher on Wednesday morning, following the Bank of Canada’s latest announcement on its key overnight rate. The BoC froze that interest rate at 2.25 per cent, noting that little has changed economically for Canada, however the central bank noted unstable United States trade policies and […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar was higher on Tuesday, as part of the positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada at 8:45 a.m. CST, and the United States Federal Reserve at 1 p.m. CST. Analysts’ predicted  rate freezes by both central banks. Also, the Canadian dollar […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Tuesday morning, as its United States counterpart fell back and crude oil increased. As of 8:38 am CST, the loonie was at US$0.7332 or US$1=C$1.3640, compared to Monday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, the greenback gave up 0.452 […] Read more

Glacier FarmMedia – The Canadian dollar settled just shy of the 73 United States cent mark on Monday.          The loonie closed at US$0.7298 or US$1=C$1.3702, compared to US$0.7282 or US$1=C$1.3732 on Friday.      The U.S. Dollar Index dropped 0.52 of a point at 97.08, supporting the loonie.      However, crude oil prices softened as […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In an about-face over the weekend, United States President Donald Trump threatened to slap 100 per cent tariffs on most imports of Canadian good. Trump pointed to the recent Canada-China trade deal which […] Read more