Currency Markets

Glacier FarmMedia – The Canadian dollar jumped Thursday morning, the day after the Bank of Canada’s latest interest rate announcement.      The loonie was at US$0.7256 or US$1=C$1.3782 as of 8:35 a.m. CST, compared to Wednesday’s close at US$0.7228 or US$1=C$1.3835. The BoC left its key interest rates unchanged at 2.25 per cent.      The […] Read more

Glacier FarmMedia – The Canadian dollar nudged a little higher on Wednesday, after the Bank of Canada and the United States Federal Reserve announced their respective interest rate decisions.          The loonie increased to US$0.7228 or US$1=C$1.38435, compared to US$0.7223 or US$1=C$1.3844 on Tuesday. In meeting analysts’ expectations, the BoC maintained its key rates of […] Read more

Glacier FarmMedia – The Canadian dollar dipped a little on Wednesday after the Bank of Canada’s latest interest rate announcement.      The loonie was at US$0.7217 or US$1=C$1.3856 as of 8:53 a.m. CST, compared to Tuesday’s close at US$0.7223 or US$1=C$1.3844. The BoC announced this morning it’s leaving its key interest rates unchanged at 2.25 […] Read more

Glacier FarmMedia – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada and the United States Federal Reserve announce their respective key interest rates.      The loonie declined to US$0.7223 or US$1=C$1.3844 on Tuesday, compared to US$0.7227 or US$1=C$1.3837 on Monday. The BoC is expected to maintain […] Read more

Glacier FarmMedia – The Canadian dollar was relatively steady going into Tuesday, getting little direction from the United States dollar or crude oil.      The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7227 or US$1=C$1.3837. The Bank of Canada will make its final interest rate decision […] Read more

Glacier FarmMedia – The Canadian dollar continued to rise, seeing its highest close since Sept. 23.      The loonie jumped to US$0.7227 or US$1=C$1.3837 on Monday, compared to US$0.7215 or US$1=C$1.3860 on Friday. The Bank of Canada will make its final interest rate announcement of 2025 on Wednesday.      The United States Dollar Index was […] Read more

Glacier FarmMedia – The Canadian dollar was on the rise coming out of the weekend, as its United States counterpart was relatively steady and crude oil peeled back.      The loonie was at US$0.7239 or US$1=C$1.3814 as of 8:39 a.m. CST on Monday, compared to Friday’s close at US$0.7215 or US$1=C$1.3860.      The U.S. Dollar […] Read more

Glacier FarmMedia — The Canadian dollar was sharply stronger relative to its United States counterpart on Friday, hitting its highest levels in six months on the back of solid jobs data.      The Canadian dollar settled at US$0.7215 or US$1=C$1.3860, which compares with Thursday’s close of US$0.7167 or US$1=C$1.3952.      Canada’s unemployment rate fell to […] Read more

Glacier FarmMedia — The Canadian dollar held relatively steady on Thursday.      The Canadian dollar settled at US$0.7167 or US$1=C$1.3952, which compares with Wednesday’s close of US$0.7169 or US$1=C$1.3949.      TD Bank, BMO Financial Group and CIBC all reported solid fourth quarter profits, which investors took as a sign of a healthy economy.      Canadian […] Read more

Glacier FarmMedia — The Canadian dollar was holding relatively steady Thursday morning, finding some direction from updated quarterly earnings reports from several Canadian banks.      At 9:20 a.m. CST the Canadian dollar was trading at US$0.7167 or US$1=C$1.3953 which compares with Wednesday’s close of US$0.7169 or US$1=C$1.3949.      TD Bank, BMO Financial Group and CIBC […] Read more