Currency Markets

Glacier FarmMedia MarketsFarm – The Canadian dollar moved towards the 74 United States cent mark on Wednesday. The loonie closed at US$0.7392 or US$1=C$1.3528, compared to US$0.7363 or US$1=C$1.3582 on Tuesday. The Bank of Canada (BoC) announced earlier today it will leave its key interest rate unchanged at five per cent. The U.S. Dollar Index […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar regained upward momentum on Wednesday morning. The loonie was at US$0.7373 or US$1=C$1.3563 as of 8:31 a.m. CST, compared to US$0.7363 or US$1=C$1.3582. The Bank of Canada (BoC) will announce its key interest rate decision later today with many analysts expecting the key interest rate to remain at five […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar retreated for the second straight day on Tuesday. The loonie closed at US$0.7363 or US$1=C$1.3582, compared to US$0.7368 or US$1=C$1.3572 on Monday. The Bank of Canada (BoC) is expected to hold its key interest rate steady when making its policy announcement on Wednesday. The United States Dollar Index […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly down on Tuesday morning. The loonie was at US$0.7365 or US$1=C$1.3578 as of 8:33 a.m. CST, compared to US$0.7368 or US$1=C$1.3572. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many analysts expecting rate cuts to be delayed until June at […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7368 or US$1=C$1.3572, compared to US$0.7372 or US$1=C$1.3564 on Friday. The Bank of Canada (BoC) is expected to hold its key interest rate steady when making its policy announcement on Wednesday. Finance Minister Chrystia Freeland announced earlier today […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Monday morning. The loonie was at US$0.7372 or US$1=C$1.3564 as of 8:32 a.m. CST, the same as Friday’s close. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many analysts expecting rate cuts to be delayed until June at […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held within a narrow range on Friday, with positioning ahead of next week’s Bank of Canada interest rate decision a feature. It’s generally expected that the Bank will hold rates steady next week, but signs of future moves will be followed closely with many […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Friday morning, despite support from global crude oil prices. As of 8:40 am CST, the loonie was at US$0.7358 or US$1=C$1.3589 compared to Thursday’s close of US$0.7369 or C$1.3570. On the U.S. Dollar Index, the greenback was virtually unchanged at 104.100. […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday, despite a higher United States dollar and decreases in crude oil. The Canadian dollar closed at US$0.7369 or US$1=C$1.3570, compared to Wednesday’s finish of US$0.7367 or US$1=C$1.3574. On the U.S. Dollar Index, the greenback tacked on 0.166 of a […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning, following the Statistics Canada report that the country’s annualized rate of economic growth for the fourth quarter was one per cent. As of 8:37 am CST, the loonie was at US$0.7370 or US$1=C$1.3567 compared to Wednesday’s close of […] Read more