Currency Markets

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In an about-face over the weekend, United States President Donald Trump threatened to slap 100 per cent tariffs on most imports of Canadian good. Trump pointed to the recent Canada-China trade deal which […] Read more

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed above 73 U.S. cents on Monday morning, as its United States counterpart weakened. As of 8:55 am CST, the loonie was at US$0.7307 or US$1=C$1.3688, compared to Friday’s close of US$0.7282 or US$1=C$1.3732. On the U.S. Dollar Index, the greenback pulled back 0.529 of a […] Read more

Glacier FarmMedia – The Canadian dollar ended the week on a high note, gaining nearly one United States cent during that time.          On Friday, the loonie settled at US$0.7282 or US$1=C$1.3732, compared to US$0.7247 or US$1=C$1.3798 on Thursday. On Jan. 16, the Bank of Canada’s closing exchange rate was US$0.7188 or US$1=C$1.3912.      The […] Read more

Glacier FarmMedia – The Canadian dollar looked to end the week on a high note on Friday.      The loonie was at US$0.7265 or US$1=C$1.3765 as of 8:35 a.m. CST, compared to Thursday’s close at US$0.7247 or US$1=C$1.3798.      Statistics Canada reported this morning that retail sales were up 1.3 per cent to C$70.4 billion […] Read more

Glacier FarmMedia – The Canadian dollar continued to rise on Thursday due to its weaker United States counterpart.          The loonie settled at US$0.7247 or US$1=C$1.3798, compared to US$0.7239 or US$1=C$1.3814 on Wednesday. The U.S. Dollar Index was down 0.43 of a point at 98.33.      Crude oil prices were down as geopolitical tensions involving […] Read more

Glacier FarmMedia – The Canadian dollar took a step back this morning as crude oil prices dropped due to an easing in tensions between the United States and the rest of the world.      The loonie was at US$0.7234 or US$1=C$1.3824 as of 8:50 a.m. CST, compared to Wednesday’s close at US$0.7239 or US$1=C$1.3814.   […] Read more

Glacier FarmMedia – The Canadian dollar showed a small increase on Wednesday, following gains in crude oil.          The loonie settled at US$0.7239 or US$1=C$1.3814, compared to US$0.7231 or US$1=C$1.3829 on Tuesday. The U.S. Dollar Index was up 0.16 of a point at 98.80.      Crude oil prices were higher as the fire in an […] Read more

Glacier FarmMedia – The Canadian dollar continued to rally on Wednesday as its United States counterpart weakened.      The loonie was at US$0.7248 or US$1=C$1.3797 as of 8:36 a.m. CST, compared to Tuesday’s close at US$0.7231 or US$1=C$1.3829.      The U.S. Dollar Index dipped 0.12 of a point at 98.52.      Crude oil prices were […] Read more

Glacier FarmMedia – The Canadian dollar maintained its upward trajectory on Tuesday.      The loonie was at US$0.7224 or US$1=C$1.3843 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7210 or US$1=C$1.3870.      The United States Dollar Index lost 0.87 of a point at 98.52. U.S. markets reopened last night after being closed for […] Read more

Glacier FarmMedia – The Canadian dollar closed above the 72 United States cent mark for the first time in five days.          The loonie settled at US$0.7210 or US$1=C$1.3870, compared to US$0.7188 or US$1=C$1.3913 on Friday. Statistics Canada reported today that Canada’s annual inflation rate increased to 2.4 per cent, exceeding analysts’ expectations of it […] Read more