Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Wednesday morning as updated inflation data out of the United States was seen as increasing the likelihood of interest rate cuts there. At 9:40 a.m. CDT the Canadian dollar was trading at US$0.7297 or US$1=C$1.3704, which compares with Tuesday’s close of […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened relative to its United States counterpart on Tuesday, although lost ground to other international currencies. Positioning ahead of updated consumer price index data from the U.S. due out on Wednesday accounted for some of the activity. The Canadian dollar settled at US$0.7287 or […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held steady Tuesday morning as currency traders digested the latest inflation data out of the United States. At 9:10 a.m. CDT the Canadian dollar was trading at US$0.7280 or US$1=C$1.3736, which compares with Monday’s close of US$0.7279 or US$1=C$1.3738. Producer prices in the U.S. […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held relatively steady on Monday, with positioning ahead of inflation data from the United States due out later in the week behind some of the activity. The Canadian dollar settled at US$0.7279 or US$1=C$1.3738 on Monday, which compares with Friday’s close of US$0.7282 or […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Monday morning as investors adjusted positions ahead of inflation data from the United States due out later in the week. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7277 or US$1=C$1.3742, which compares with Friday’s close of US$0.7282 or […] Read more

The Canadian dollar had an uptick going into the weekend. The loonie closed at US$0.7282 or US$1=C$1.3732 on Friday, compared to US$0.7276 or US$1=C$1.3743 on Thursday. Statistics Canada reported earlier today the country lost 2,800 jobs in July, but the unemployment rate stayed the same at 6.4 per cent. Meanwhile, the United States Dollar Index […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Friday morning. The loonie was at US$0.7279 or US$1=C$1.3739 as of 8:49 a.m. CDT, compared to US$0.7276 or US$1=C$1.3743 on Thursday. Statistics Canada reported on Friday the country lost 2,800 jobs in July, but the unemployment rate remained the same at 6.4 per cent. The […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Thursday morning. The loonie was at US$0.7270 or US$1=C$1.3755 as of 8:37 a.m. CDT, compared to US$0.7279 or US$1=C$1.3739 on Wednesday. The United States Dollar Index gained 0.23 of a point at 103.43. Despite ongoing tensions in the Middle East, crude oil […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar jumped to its highest point in nearly three weeks on Wednesday, supported by crude oil prices. The loonie closed at US$0.7279 or US$1=C$1.3739, compared to US$0.7250 or US$1=C$1.3794 on Tuesday. However, the United States Dollar Index was up 0.23 of a point at 103.20. Rising tensions in the Middle […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar continued to rise sharply on Wednesday morning. The loonie was at US$0.7280 or US$1=C$1.3736 as of 8:42 a.m. CDT, compared to US$0.7250 or US$1=C$1.3794 on Tuesday. The United States Dollar Index gained 0.19 of a point at 103.16. Tensions in the Middle East allowed crude oil to move upwards […] Read more