Currency Markets

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back some more on Wednesday, feeling the impact of yesterday’s federal budget. The loonie closed at US$0.7082 or US$1=C$1.4120 compared to Tuesday’s close of US$0.7097 or US$1=C$1.4090. With C$1 trillion in major infrastructure and industrial investments, along with the impact of United […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its decline on Wednesday morning, following the federal government introducing its budget. As of 8:41 am CST, the loonie was at US$0.7078 or US$1=C$1.4126 compared to Tuesday’s close of US$0.7097 or US$1=C$1.4090. Introduced in the House of Commons on Tuesday, the Liberal budget […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back Tuesday, shortly after the federal Liberal government introduced its budget, which has a heavy focus on capital spending. The loonie closed at US$0.7097 or US$1=C$1.4090 compared to Monday’s close of US$0.7114 or US$1=C$1.4057. Finance Minister François-Philippe Champagne said today’s spending blueprint […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped below 71 U.S. cents on Tuesday morning, as the United States dollar swung higher and crude oil slipped back. There may also be positioning ahead of today’s federal budget this afternoon. The Liberal government is expected to introduce a budget that brings cost […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up two-tenths of a cent on Monday, as it drifted with a lack of guidance from the United States dollar and crude oil. The loonie closed at US$0.7114 or US$1=C$1.4057 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. Meanwhile, the U.S. Dollar […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker on Monday morning, with virtually no support from crude oil as the United States dollar inched up. As of 8:35 am CST, the loonie was at US$0.7111 or US$1=C$1.4063 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. On the United States Dollar […] Read more

Glacier FarmMedia – The Canadian dollar dipped again on Friday, after Statistics Canada reported the country’s economy stumbled in August.      The loonie declined to US$0.7134 or US$1=C$1.4018, compared to US$0.7149 or US$1=C$1.3987 on Thursday. StatCan reported that Canada’s economy shrank by 0.3 per cent in August, compared to a 0.3 per cent expansion in […] Read more

Glacier FarmMedia – The Canadian dollar retreated on Friday morning after the release of economic news from Statistics Canada.      The loonie was at US$0.7127 or US$1=C$1.4031 as of 8:38 a.m. CDT, compared to Thursday’s close at US$0.7149 or US$1=C$1.3987.      StatCan reported the Canadian economy contracted by 0.3 per cent in August, compared to […] Read more

Glacier FarmMedia – The Canadian dollar stumbled on Thursday due to lower bond yields, a new trade deal between the United States and China and a stronger U.S. greenback.      The loonie was at US$0.7144 or US$1=C$1.3998 as of 8:41 a.m. CDT, compared to Wednesday’s close at US$0.7186 or US$1=C$1.3916. Ten-year bond yields from the […] Read more

Glacier FarmMedia – The Canadian dollar had its highest close in more than a month on Wednesday, after the Bank of Canada made its latest interest rate announcement.      The loonie rose to US$0.7186 or US$1=C$1.3916, compared to US$0.7164 or US$1=C$1.3959 on Tuesday. Earlier today, the BoC cut its key interest rates by 25 basis […] Read more