Currency Markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer on Friday, as currency markets reacted to the latest employment data. The Canadian dollar settled at US$0.7335 or US$1=C$1.3633 on Friday, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3613. Canada’s unemployment rate moved up 0.2 percentage points in June, hitting 6.2 […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Thursday morning, as currency traders reacted to soft domestic jobs data. At 8:54 a.m. CDT the Canadian dollar was trading at US$0.7326 or US$1=C$1.3650, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3613. Employment was virtually unchanged in Canada in June, with the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Thursday, although activity was choppy as participants await updated jobs data out on Friday and markets in the United States were closed for Independence Day. The Canadian dollar settled at US$0.7346 or US$1=C$1.3613 on Thursday, which compares with Wednesday’s close of […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Thursday morning, in thin trade with markets in the United States closed for Independence Day. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7343 or US$1=C$1.3618, which compares with Wednesday’s close of US$0.7333 or US$1=C$1.3637. Uncertainty ahead of the U.S. […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency markets reacted to rising oil prices and soft economic data out of the United States. The Canadian dollar settled at US$0.7333 or US$1=C$1.3637 on Wednesday, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Crude oil was underpinned […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Wednesday morning, with strength in global equity markets pointing to an increased appetite for risk. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.7322 or US$1=C$1.3657, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Canadian international trade data showed […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held near unchanged on Tuesday as activity resumed after the Canada Day long weekend. Broad weakness in the United States dollar internationally underpinned the currency. The Canadian dollar settled at US$0.7301 or US$1=C$1.3697 on Tuesday, which compares with Friday’s close of US$0.7306 or US$1=C$1.3687. […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Tuesday morning as activity resumed after Monday’s Canada Day holiday. Broad strength in the United States dollar internationally accounted for some of the relative weakness in the Canadian dollar as currency traders await comments from U.S. Federal Reserve Chair Jerome Powell later in […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Friday, following the Statistics Canada report on economic growth. The loonie closed at US$0.7306 or US$1=C$1.3687, compared to Thursday’s finish of US$0.7305 or US$1=C$1.3690. On the U.S. Dollar Index, the greenback dipped 0.011 of a point at 105.560. StatCan reported […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar budged very little on Thursday, despite a loss in the United States dollar and upticks in crude oil. The loonie closed at US$0.7305 or US$1=C$1.3690, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback shed 0.129 of a […] Read more