Currency Markets

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar bumped up to almost 73 U.S. cents on Wednesday morning, following the interest rate announcement from the Bank of Canada. The BoC held its key overnight rate at 2.75 per cent, citing uncertainty with the Canadian and global economies due to United States tariffs. Also, […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased away from the 73-cent mark on Tuesday as the United States dollar reclaimed much of the value it lost on Monday. The loonie closed at US$0.7287 or US$1=C$1.3723, compared to Monday’s close of US$0.7296 or US$1=C$1.3707. The U.S. Dollar Index witnessed a […] Read more

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Tuesday morning as its United States counterpart was higher. As of 8:36 am CDT, the loonie was at US$0.7288 or US$1=C$1.37109 compared to Monday’s close of US$0.7296 or US$1=C$1.3707. On the U.S. Dollar Index, the greenback gained 0.405 of a point at […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished Monday slightly below 73 U.S. cents in pre-report positioning ahead of the Bank of Canada’s interest rate announcement on June 4. The loonie closed at US$0.7296 or US$1=C$1.3707, compared to Friday’s close of US$0.7268 or US$1=C$1.3758. The U.S. Dollar Index saw the […] Read more

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Monday morning as its United States counterpart slid back. As of 8:37 am CDT, the loonie was at US$0.7298 or US$1=C$1.3702 compared to Friday’s close of US$0.7268 or US$1=C$1.3758. On the U.S. Dollar Index, the greenback dropped 0.414 of a point at […] Read more

Glacier FarmMedia | MarketsFarm – The Canadian dollar ended Friday with an increase, just shy of the level reached one week earlier. The loonie closed the day at US$0.7268 or US$1=C$1.3758, compared to US$0.7243 or US$1=C$1.3806 on Thursday. On May 23, the Canadian dollar closed at US$0.7270 or US$1=C$1.3755. Statistics Canada reported on Friday that […] Read more

Glacier FarmMedia | MarketsFarm – The Canadian dollar was firmer on Friday morning after welcome economic news from Statistics Canada. The loonie was at US$0.7248 or US$1=C$1.3797 as of 8:32 a.m. CDT, compared to Thursday’s close at US$0.7243 or US$1=C$1.3806. StatCan reported this morning that Canada’s economy grew by 2.2 per cent in the first […] Read more

Glacier FarmMedia | MarketsFarm – The Canadian dollar moved slightly upward on Thursday. The loonie ended the day at US$0.7243 or US$1=C$1.3806, compared to US$0.7233 or US$1=C$1.3826 on Wednesday. The United States Dollar Index was down 0.60 of a point at 99.28. After being struck down by a federal court on Wednesday, an appeals court today reinstated […] Read more

The Canadian dollar rebounded on Thursday morning after two days of retreat. The loonie was at US$0.7250 or US$1=C$1.3793 as of 8:33 a.m. CDT, compared to Wednesday’s close at US$0.7233 or US$1=C$1.3826. The United States Dollar Index was down 0.43 of a point at 99.44. A U.S. federal court ruled on Wednesday that President Donald […] Read more

Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated further on Wednesday. The loonie ended the day at US$0.7233 or US$1=C$1.3826, compared to US$0.7260 or US$1=C$1.3775 on Tuesday. The United States Dollar Index was up 0.36 of a point at 99.88. Crude oil prices were up after U.S. President Donald Trump authorized Chevron to maintain its operations […] Read more