Currency Markets

Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, consolidating in a narrow range after Monday’s drop from nearby highs relative to its United States counterpart. At 9:03 a.m. CST the Canadian dollar was trading at US$0.7313 or US$1=C$1.3674 which compares with Monday’s close of US$0.7312 or US$1=C$1.3676. Gains in crude oil and […] Read more

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Monday. The Canadian dollar settled at US$0.7312 or US$1=C$1.3676, which compares with Friday’s close of US$0.7374 or US$1=C$1.3562. Investors were taking some of the risk premium out of oil and other commodities as tensions between the U.S. and Iran eased […] Read more

Glacier FarmMedia — The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:58 a.m. CST the Canadian dollar was trading at US$0.7314 or US$1=C$1.3672 which compares with Friday’s close of US$0.7374 or US$1=C$1.3562. Investors were taking some of the risk premium out of oil as tensions […] Read more

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