Currency Markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar edged up on Monday, supported by gains in crude oil. The loonie closed at US$0.7320 or US$1=C$1.3661, compared to Friday’s finish of US$0.7314 or US$1=C$1.3672. On the U.S. Dollar Index, the greenback tacked on 0.017 of a point at 104.565. Benchmark crude oil prices […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was a pinch higher on Monday morning, propped up by small increases in crude oil prices. As of 8:34 am CDT, the loonie was at US$0.7322 or US$1=C$1.3657 compared to Friday’s close of US$0.7314 or C$1.3672. On the United States Dollar Index, the greenback […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar entered the weekend making gains. The loonie closed at US$0.7314 or US$1=C$1.3672, compared to US$0.7300 or US$1=C$1.3698 on Thursday. The United States Dollar Index declined 0.26 of a point at 105.04. The Labor Department reported earlier today that the country added 175,000 jobs in April, the smallest gain in […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar sought to end the week on a high note. The loonie was at US$0.7331 or US$1=C$1.3641 as of 8:41 a.m. CDT, compared to US$0.7300 or US$1=C$1.3698 on Thursday. The United States Dollar Index dropped 0.46 of a point at 104.84. U.S. employers added 175,000 jobs in April, according to […] Read more

The Canadian dollar was higher on Thursday despite disappointing economic news from Statistics Canada (StatCan). The loonie closed at US$0.7300 or US$1=C$1.3698, compared to US$0.7268 or US$1=C$1.3759 on Wednesday. StatCan reported this morning that Canada had a C$2.28 billion trade deficit in March, the largest since June, despite estimates of a surplus of more than […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar moved a bit higher on Thursday. The loonie was at US$0.7291 or US$1=C$1.3716 as of 8:39 a.m. CDT, compared to US$0.7268 or US$1=C$1.3759 on Wednesday. The United States Dollar Index was steady at 105.76. The U.S. Federal Reserve announced on Thursday it was leaving its key interest rates […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar dipped on Wednesday while the United States Federal Reserve’s latest decision on key interest rates broadly affected the markets. The loonie closed at US$0.7268 or US$1=C$1.3759, compared to US$0.7275 or US$1=C$1.3746 on Tuesday. The U.S. Dollar Index declined 0.20 of a point at 106.02. The Fed announced earlier […] Read more

The Canadian dollar slipped a little lower on Wednesday. The loonie was at US$0.7267 or US$1=C$1.3761 as of 8:33 a.m. CDT, compared to US$0.7275 or US$1=C$1.3746 on Tuesday. The United States Dollar Index was up 0.08 of a point at 106.30. The U.S. Federal Reserve is largely expected to announce later today it will leave […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar fell sharply on Tuesday after the release of economic data from Statistics Canada (StatCan). The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7322 or US$1=C$1.3658 on Monday. StatCan reported that the country’s real gross domestic product (GDP) increased by 0.2 per cent in February, following a 0.5 per […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar retreated on Tuesday morning following the release of economic data from Statistics Canada (StatCan). The loonie was at US$0.7280 or US$1=C$1.3736 as of 8:33 a.m. CDT, compared to US$0.7322 or US$1=C$1.3658 on Monday. StatCan reported the economy grew by 0.2 per cent in February compared to the month before […] Read more