Currency Markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Wednesday as minutes from the United States Federal Reserve’s January meeting showed the central bank is unlikely to cut interest rates anytime soon. Positioning in global financial markets ahead of an earnings report from tech giant Nvidia was a feature of the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding near unchanged Wednesday morning, as investors await the release of the United States Federal Reserve’s minutes from their January meeting later in the day. The financial markets will be watching the minutes closely for signs of future rate moves from the central […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday, as soft inflation data raised expectations that the Bank of Canada will likely cut interest rates sooner rather than later. The Canadian dollar settled at US$0.7398 or US$1=C$1.3518 on Tuesday, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Most […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Tuesday morning, as inflation in the country slowed over the past month. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7402 or US$1=C$1.3510, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Canada’s annual rate of inflation fell to 2.9 […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a positive note on Friday. The loonie closed at US$0.7416 or US$1=C$1.3484, compared to US$0.7411 or US$1=C$1.3493 on Thursday. The United States Dollar Index was down 0.01 of a point at 104.29. Crude oil prices rose on Friday amidst tensions in the Middle East. […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Friday morning. The loonie was at US$0.7408 or US$1=C$1.3499 as of 8:32 a.m. CST, compared to Thursday’s close of US$0.7411 or US$1=C$1.3493. The United States Dollar Index was up 0.30 of a point at 104.60. Crude oil prices were higher as gains […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar surpassed the 74 United States cent mark on Thursday. The loonie closed at US$0.7411 or US$1=C$1.3493, compared to US$0.7380 or US$1=C$1.3550 on Wednesday. The United States Dollar Index dropped 0.44 of a point at 104.29. The U.S. Commerce Department reported on Thursday that retail sales in January fell 0.8 […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar moved above 74 United States cents on Thursday morning. The loonie was at US$0.7407 or US$1=C$1.3501 as of 8:41 a.m. CST, compared to Wednesday’s close of US$0.7380 or US$1=C$1.3550. The United States Dollar Index dropped 0.43 of a point at 104.30. Crude oil prices were higher despite reports of […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar made a modest increase on Wednesday. The loonie closed at US$0.7380 or US$1=C$1.3550, compared to US$0.7377 or US$1=C$1.3556 on Tuesday. The United States Dollar Index declined 0.22 of a point at 104.74. Crude oil prices dropped on Wednesday after larger-than-expected growth in U.S. stockpiles. However, tensions in the Middle […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Wednesday morning. The loonie was at US$0.7378 or US$1=C$1.3554 as of 8:35 a.m. CST, compared to Tuesday’s close of US$0.7377 or US$1=C$1.3556. The United States Dollar Index declined 0.12 of a point at 104.84. Crude oil prices were higher despite reports of expanded U.S. stockpiles […] Read more