Currency Markets

Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as activity resumed after the August long weekend. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or US$1=C$1.3776 which compares with Friday’s close of US$0.7248 or US$1=C$1.3797. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion […] Read more

Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7223 or US$1=C$1.3844 on Thursday. However, the closing rate paled in comparison to that of a week earlier at US$0.7297 or US$1=C$1.3704. Tariff rates on the goods of numerous […] Read more

Glacier FarmMedia — The Canadian dollar was stronger Friday morning as currency markets reacted to the latest trade news out of the United States. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7254 or US$1=C$1.3785 which compares with Thursday’s close of US$0.7223 or US$1=C$1.3844. U.S. President Donald Trump signed executive orders placing import […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back nearly two-tenths of a cent on Thursday, as Canada-United States trade talks pressed towards Friday’s deadline. The loonie finished at US$0.7223 or US$1=C$1.3844, compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. The U.S. Dollar Index nudged up 0.229 of a point […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to peel back Thursday morning as trade talks between Canada and the United States press towards Friday’s deadline. As of 8:36 am CDT, the loonie was at US$0.7227 or US$1=C$1.3837 compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. On the U.S. Dollar Index, […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar fell back further on Wednesday, as the Bank of Canada and the United States Federal Reserve made their respective interest rate announcements. The BoC continued to freeze its key rates at 2.75 per cent, suggesting that cuts could resume in the coming months. […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pulled back on Wednesday morning, following the Bank of Canada’s announcement to freeze its key interest rates at 2.75 per cent. As of 8:56 am CDT, the loonie was at US$0.7239 or US$1=C$1.3814 compared to Tuesday’s close of US$0.7262 or US$1=C$1.3771. Later today at […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up a quarter cent on Tuesday, ahead of two key announcements tomorrow. The Bank of Canada is set to announce its next interest rate move on Wednesday at 8:45 a.m. CDT and the United States Federal Reserve will reveal its key rate […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped on Tuesday morning as its United States counterpart continued to gain strength. As of 8:37 am CDT, the loonie was at US$0.7263 or US$1=C$1.3767 compared to Monday’s close of US$0.7287 or US$1=C$1.3723. On the U.S. Dollar Index, the greenback was up 0.435 of […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back on Monday, positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada and the United States Federal Reserve. With both central banks likely to freeze their rates, the loonie finished at US$0.7287 or US$1=C$1.3723, compared to Friday’s close of […] Read more