Currency Markets

Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart.      At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.      Canada’s services economy contracted in September, […] Read more

Glacier FarmMedia — The Canadian dollar weakened slightly relative to its United States counterpart on Thursday, as losses in crude oil weighed on the energy-linked currency. Uncertainty over upcoming trade negotiations with the U.S. and Mexico also weighed on the loonie.      The Canadian dollar settled at US$0.7162 or US$1=C$1.3963, which compares with Wednesday’s close […] Read more

Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, nearing its weakest level in four months relative to its United States counterpart.      The continued shutdown of the U.S. government and resulting lack of economic data was hanging over the financial markets.      At 8:47 a.m. CDT the Canadian dollar was trading at […] Read more

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Wednesday, with a slowdown in the manufacturing sector underscoring expectations for another interest rate cut from the Bank of Canada      The Canadian dollar settled at US$0.7174 or US$1=C$1.3940, which compares with Monday’s close of US$0.7183 or US$1=C$1.3921. There was […] Read more

The Canadian dollar moved downward on Wednesday morning.      The loonie was at US$0.7170 or US$1=C$1.3947 as of 8:29 a.m. CDT, compared to Monday’s close at US$0.7183 or US$1=C$1.3921. The Bank of Canada did not post an exchange rate on Tuesday due to the National Day for Truth and Reconciliation.      The United States Dollar […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back a tenth of a cent on Monday, due to sharp declines in crude oil while losses in the United States dollar tempered any further pull backs. The loonie closed at US$0.7183 or US$1=C$1.3921 compared to Friday’s close of US$0.7173 or US$1=C$1.33941. […] Read more

Glacier FarmMedia – The Canadian dollar made a small gain coming out of the weekend on Monday morning.      The loonie was at US$0.7178 or US$1=C$1.3931 as of 8:27 a.m. CDT, compared to Friday’s close at US$0.7173 or US$1=C$1.3941.      The United States Dollar Index was down 0.30 of a point at 97.86.      Crude […] Read more

Glacier FarmMedia – The Canadian dollar took another step back on Friday, resulting in a sharp weekly drop.      The loonie closed at US$0.7173 or US$1=C$1.3941, compared to US$0.7180 or US$1=C$1.3927 on Thursday. The closing price one week ago was US$0.7253 or US$1=C$1.3787.      Statistics Canada reported today that the country’s economy expanded by 0.2 […] Read more

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar edged lower on Friday morning, following the release of Statistics Canada’s report on the country’s gross domestic product. As of 8:36 am CDT, the loonie was at US$0.7175 or US$1=C$1.3933 compared to Thursday’s close of US$0.7180 or US$1=C$1.3927. On the United States Dollar Index, […] Read more

Glacier FarmMedia – The Canadian dollar dropped to its lowest close since May on Thursday.      The loonie closed at US$0.7180 or US$1=C$1.3927, compared to US$0.7198 or US$1=C$1.3893 on Wednesday.      The United States Dollar Index was up 0.62 of a point on Friday at 98.49. New data suggested labour market conditions were improving, which […] Read more