Currency Markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar lost about a half cent on Wednesday, as a stronger United States dollar earlier in the day drove down the loonie, coupled with higher unemployment. The loonie closed at US$0.7354 or US$1=C$1.3598, compared to Thursday’s finish of US$0.7405 or US$1=C$1.3504. On the United States […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar tumbled on Friday due to the stronger United States dollar. The loonie was at US$0.7334 or US$1=C$1.3635 as of 8:58 a.m. CDT, compared to US$0.7405 or US$1=C$1.3504 on Thursday. Statistics Canada reported on Friday that the country’s unemployment rate jumped to 6.1 per cent in March, compared to […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar remained above 74 U.S. cents on Thursday, supported by increases in global crude oil prices. The loonie closed at US$0.7405 or US$1=C$1.3504, compared to Wednesday’s finish of US$0.7387 or US$1=C$1.3537. On the United States Dollar Index, the greenback inched up 0.012 points at 103.985. […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar pushed above 74 United States cents on Thursday morning. The loonie was at US$0.7414 or US$1=C$1.3488 as of 8:42 a.m. CDT, compared to US$0.7387 or US$1=C$1.3537 on Wednesday. The U.S. Dollar Index declined 0.27 of a point at 103.98. Crude oil prices eased off on Thursday despite supply cuts […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, with positioning ahead of next week’s Bank of Canada policy decision behind some of the activity. The Canadian dollar settled at US$0.7387 or US$1=C$1.3537 on Wednesday, which compares with Tuesday’s close of US$0.7368 or US$1=C$1.3572. Gains in crude oil underpinned […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Wednesday morning, finding support from ongoing gains in crude oil. At 8:38 a.m. CDT the Canadian dollar was trading at US$0.7374 or US$1=C$1.3561, which compares with Tuesday’s close of US$0.7368 or US$1=C$1.3572. A meeting of OPEC+ members ended without any changes […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Monday, as support from gains in energy markets was countered by uncertainty over looming interest rate cuts from the Bank of Canada. The Canadian dollar settled at US$0.7368 or US$1=C$1.3572 on Tuesday, which compares with Monday’s close of US$0.7367 or US$1=C$1.3574. […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Tuesday morning, as support from gains in crude oil was countered by pressure from losses in equity markets. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7365 or US$1=C$1.3578, which compares with Monday’s close of US$0.7367 or US$1=C$1.3574. Crude oil […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Monday as activity resumed after the long weekend. The Canadian dollar settled at US$0.7367 or US$1=C$1.3574 on Monday, which compares with Thursday’s close of US$0.7380 or US$1=C$1.3550. The Bank of Canada’s quarterly business outlook survey showed fewer companies expecting a recession […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Monday morning lacking any clear direction. Many government offices were closed for Easter Monday. At 9:01 a.m. CDT the Canadian dollar was trading at US$0.7376 or US$1=C$1.3557, which compares with Thursday’s close of US$0.7380 or US$1=C$1.3550. Crude oil was also trading within […] Read more