Currency Markets

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Thursday, as an unexpected increase in U.S. wholesale prices lowered expectations that the U.S. Federal Reserve would cut interest rates in September. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which compares with Wednesday’s close of US$0.7264 or US$1=C$1.3767. Gains […] Read more

Glacier FarmMedia – The Canadian dollar was in a downturn on Thursday morning. The loonie was at US$0.7244 or US$1=C$1.3805 as of 8:38 a.m. CDT, compared to Wednesday’s close at US$0.7264 or US$1=C$1.3767. The United States Dollar Index was up 0.28 of a point at 98.12. The U.S. Labor Department reported today that the Producer […] Read more

Glacier FarmMedia — The Canadian dollar was slightly firmer on Wednesday. Minutes from the Bank of Canada’s latest policy decision showed the Governing Council was split on whether rates need to fall further after leaving the key rate unchanged at 2.75 per cent in July. The next policy decision is on Sept. 17. The Canadian […] Read more

Glacier FarmMedia – The Canadian dollar was slightly higher on Wednesday morning. The loonie was at US$0.7263 or US$1=C$1.3768 as of 8:29 a.m. CDT, compared to Tuesday’s close at US$0.7260 or US$1=C$1.3775. The United States Dollar Index was down 0.24 of a point at 97.86. Crude oil prices were weaker on Wednesday as the Energy Information […] Read more

Glacier FarmMedia — The Canadian dollar was slightly firmer on Tuesday as currency markets reacted to the latest inflation data out of the United States. The Canadian dollar settled at US$0.7260 or US$1=C$1.3775, which compares with Monday’s close of US$0.7254 or US$1=C$1.3785. Consumer prices in the U.S. were up by 2.7 per cent in July […] Read more

Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning. The loonie was at US$0.7255 or US$1=C$1.3784 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7254 or US$1=C$1.3785. The United States Dollar Index was up 0.04 of a point at 98.56. The U.S. Labor Department said today the country’s inflation rate […] Read more

Glacier FarmMedia — The Canadian dollar was weaker on Monday, hitting its weakest level in six days relative to its United States counterpart. The Canadian dollar settled at US$0.7254 or US$1=C$1.3785, which compares with Friday’s close of US$0.7272 or US$1=C$1.3751. Monthly U.S. inflation data will be released Tuesday, with positioning ahead of the report accounting […] Read more

Glacier FarmMedia — The Canadian dollar opened the week on a low note. The loonie was at US$0.7256 or US$1=C$1.3782 on Monday as of 8:29 a.m. CDT, compared to Friday’s close at US$0.7272 or US$1=C$1.3751. The United States Dollar Index rose 0.28 of a point at 98.46. U.S. inflation data will be released tomorrow, while […] Read more

Glacier FarmMedia — The Canadian dollar stayed put on Friday, maintaining its 0.24 U.S. cent gain from the previous week. The loonie closed at US$0.7272 or US$1=C$1.3751 on Friday, compared to US$0.7271 or US$1=C$1.3753 on Thursday. Statistics Canada reported this morning that the country’s economy shed 41,000 jobs in July, but the unemployment rate was […] Read more

Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more