Currency Markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Tuesday morning, trading near its highest level in two weeks relative to its United States counterpart with positioning ahead of key economic data out later in the week a feature. At 8:45 a.m. CST the Canadian dollar was trading at US$0.7447 or US$1=C$1.3428, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held firm on Monday, lacking any clear direction as investors await the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar settled at US$0.7439 or US$1=C$1.3442 on Monday, which compares with Friday’s close of US$0.7435 or US$1=C$1.3478. The U.S. Fed will […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Monday morning, as investors adjusted positions ahead of key economic data out later in the week. At 8:47 a.m. CST the Canadian dollar was trading at US$0.7423 or US$1=C$1.3472, which compares with Friday’s close of US$0.7435 or US$1=C$1.3449. Canadian gross domestic product […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a high note, supporting by a weaker United States dollar and higher crude oil prices. The loonie closed at US$0.7435 or US$1=C$1.3449, compared to US$0.7410 or US$1=C$1.3496 on Thursday. The United States Dollar Index was down 0.12 of a point at 103.45. Crude oil […] Read more

The Canadian dollar sought to end the week on a high note. The loonie was at US$0.7446 or US$1=C$1.3430, compared to Thursday’s close of US$0.7410 or US$1=C$1.3495. The United States Dollar Index was down 0.26 of a point at 103.31. Crude oil prices eased off on Friday morning, but are still on track for their […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Thursday, largely due to rising crude oil prices. As of 3:42 p.m. CST, the loonie was at US$0.7425 or US$1=C$1.3468, compared to US$0.7416 or US$1=C$1.3484 on Wednesday. The United States Dollar Index was up 0.26 of a point at 103.49. Crude oil prices jumped on […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Thursday morning despite rising crude oil prices. The loonie was at US$0.7410 or US$1=C$1.3495, compared to Wednesday’s close of US$0.7416 or US$1=C$1.3484. The United States Dollar Index was up 0.14 of a point at 103.37. A large draw from U.S. stockpiles and stimulus towards the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar settled near unchanged on Wednesday, retreating from earlier advances relative to its United States counterpart as the Bank of Canada held interest rates steady. The Canadian dollar settled at US$0.7416 or US$1=C$1.3484 on Wednesday, which compares with Tuesday’s close of US$0.7419 or US$1=C$1.3478. The Bank […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was lacking any clear direction Wednesday morning as currency traders digested the latest policy announcement from the Bank of Canada. At 9:17 a.m. CST the Canadian dollar was trading at US$0.7418 or US$1=C$1.3481, which compares with Tuesday’s close of US$0.7419 or US$1=C$1.3478. The Bank […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Tuesday, as currency traders adjusted positions ahead of Wednesday’s Bank of Canada policy meeting. General expectations are for the central bank to hold rates steady this month, but any hints at future rate moves will be followed closely. The Canadian […] Read more