Currency Markets

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Friday, along with its United States counterpart, as traders positioned ahead the next round of interest rate announcements. The Bank of Canada and the U.S. Federal Reserve as set to reveal their key rates on Wednesday. The Canadian dollar closed […] Read more

Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, as currency traders squared 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 9:27 a.m. CDT the Canadian dollar was […] Read more

Canadian Financial Close: Loonie inches up By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar increased slightly on Thursday, a support from a weaker United States dollar was overpowered by declines in crude oil. The Canadian dollar closed at US$0.7223 or US$1=C$1.3844 compared to  Wednesday’s close of US$0.7218 or US$1=C$1.3854. Meanwhile, the […] Read more

Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning, with expectations for a rate cut from the Bank of Canada next week weighing on the currency. Losses in crude oil added to the softer tone. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7212 or […] Read more

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