Currency Markets

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, due to a firm United States dollar and modest upticks in crude oil. As of 8:44 am CDT, the loonie was at US$0.7220 or US$1=C$1.3851 compared to Thursday’s close of US$0.7223 or US$1=C$1.3845. On the U.S. Dollar Index, the […] Read more

Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday. The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday. The United States Dollar Index was down 0.40 of […] Read more

     Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, a day after the Bank of Canada cut its key overnight interest rate by 50 basis points. Canadians receiving regular Employment Insurance benefits increased by 1.5 per cent in August, with the number of EI beneficiaries up by 5.6 per […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Wednesday, as the Bank of Canada cut its key overnight rate by 50 basis points. In its accompanying statement the BoC said subsequent rate cuts were expected, but the timing and pace of those reductions “will be guided by incoming information and our assessment […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The accompanying statement said additional rate […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of future moves. The Canadian dollar […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Tuesday morning. At 8:35 a.m. CDT the Canadian dollar was trading at US$0.7237 or US$1=C$1.3818 which compares with Monday’s close of US$0.7228 or US$1=C$1.3835. Canada’s Industrial Product Price Index was down by 0.6 per cent in September compared to the previous month, with an […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of the Bank of Canada’s next interest rate decision later in the week. The Canadian dollar settled at US$0.7228 or US$1=C$1.3835 on Monday, which compares with Friday’s close of US$0.7245 or US$1=C$1.3802. Many investors now anticipate a […] Read more

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Monday morning as currency traders await the latest interest rate decision from the Bank of Canada later in the week. Many investors now anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday. At 8:33 a.m. CDT […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar made a slight decline to end the week. The loonie was at US$0.7245 or US$1=C$1.3802, compared to US$0.7252 or US$1=C$1.3789 on Thursday. The United States Dollar Index was down 0.36 of a point at 103.47. Crude oil recorded its biggest weekly loss in more than a year, partly due […] Read more