Currency Markets

Reading Time: < 1 minute After a brief sojourn above the 74 United States cent mark, the Canadian dollar lost some ground. The loonie closed on Monday at US$0.7385 or US$1=C$1.3541, compared to US$0.7404 or US$1=C$1.3507 on Friday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged. […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar moved below the 74 United States cent mark on Monday. The loonie was at US$0.7374 or US$1=C$1.3561, lower than Friday’s close of US$0.7404 or US$1=C$1.3507. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many expecting the central bank to leave the […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was stronger on Friday, as monthly jobs data beat expectations. The Canadian dollar settled at US$0.7404 or US$1=C$1.3508 on Friday, which compares with Thursday’s close of US$0.7363 or US$1=C$1.3582. While Statistics Canada reported that the country’s unemployment rate edged up 0.1 points in November, […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Friday morning, hitting its highest level in two months relative to its United States counterpart. At 8:49 a.m. CST Friday morning the Canadian dollar was trading at US$0.7399 or US$1=C$1.3515, which compares with Thursday’s close of US$0.7363 or US$1=C$1.3582. Canada’s unemployment rate rose […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened slightly relative to its United States counterpart on Thursday, finding some support despite losses in crude oil. The Canadian dollar settled at US$0.7363 or US$1=C$1.3582 on Thursday, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. While the latest economic data from Statistics Canada […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Thursday morning, as currency traders reacted to updated inflation data. At 9:13 a.m. CST Thursday morning the Canadian dollar was trading at US$0.7372 or US$1=C$1.3565, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. Canada’s real gross domestic product (GDP) dipped […] Read more

Reading Time: < 1 minute By MarketsFarm Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker on Wednesday, backing away from the eight-week highs relative to its United States counterpart hit the previous session. The Canadian dollar settled at US$0.7358 or US$1=C$1.3590 on Tuesday, which compares with Tuesday’s close of US$0.7363 or US$1=C$1.3581. Canada’s current account deficit narrowed to […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding relatively steady Wednesday morning, taking a breather after hitting an eight-week high relative to its United States counterpart on Tuesday. At 8:48 a.m. CST Wednesday morning the Canadian dollar was trading at US$0.7362 or US$1=C$1.3583, which compares with Tuesday’s close of US$0.7363 or […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Tuesday, hitting its highest level in eight weeks as gains in crude oil and economic optimism provided support. The Canadian dollar settled at US$0.7363 or US$1=C$1.3581 on Tuesday, which compares with Monday’s close of US$0.7334 or US$1=C$1.3635. Comments from United States […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Tuesday morning, with gains in crude oil providing some support. At 8:45 a.m. CST Tuesday morning the Canadian dollar was trading at US$0.7356 or US$1=C$1.3594, which compares with Monday’s close of US$0.7334 or US$1=C$1.3635. Average home prices in the United States climbed […] Read more