Currency Markets

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped lower on Wednesday, following this morning’s interest rate announcement from the Bank of Canada. The BoC cut 25 basis points from its key lending rate, dropping it to 4.5 per cent. It’s the second consecutive reduction the central bank has implemented this year. […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday, due to increases in the United States dollar and lower crude oil prices. The loonie closed at US$0.7263 or US$1=C$1.3768, compared to Monday’s finish of US$0.7270 or US$1=C$1.3755. On the U.S. Dollar Index, the greenback added 0.163 of a point […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back a pinch on Tuesday morning due to small upticks in the United States dollar and declines in crude oil. As of 8:36 am CDT, the loonie was at US$0.7263 or US$1=C$1.3769 compared to Monday’s close of US$0.7270 or US$1=C$1.3755. On the U.S. […] Read more

Reading Time: < 1 minute Canadian Financial Close: More declines for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Monday, lacking support to push higher. The loonie closed at US$0.7270 or US$1=C$1.3755, compared to Friday’s finish of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback inched lower 0.072 of a point […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning lacking sufficient support from crude oil. As of 8:44 am CDT, the loonie was at US$0.7268 or US$1=C$1.3758 compared to Friday’s close of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback dipped 0.072 of a point at […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 73 United States cent mark to close the week. The loonie closed at US$0.7285 or US$1=C$1.3727, compared to US$0.7301 or US$1=C$1.3696 on Thursday. Statistics Canada reported on Friday retail sales were down 0.8 per cent in May, while estimating a 0.3 per cent decline in June. […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar dipped below the 73 United States cent mark on Friday morning. The loonie was at US$0.7278 or US$1=C$1.3740 as of 8:37 a.m. CDT, compared to US$0.7301 or US$1=C$1.3696 on Thursday. The United States Dollar Index gained 0.14 of a point at 104.31. Crude oil prices were lower despite the […] Read more

Reading Time: < 1 minute   Glacier FarmMedia MarketsFarm – The Canadian dollar barely hung onto the 73 United States cent mark. The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The U.S. Dollar Index was up 0.44 of a point at 104.18. Crude oil prices underwent a correction on Thursday, paring some of Wednesday’s increases. […] Read more

Reading Time: < 1 minute The Canadian dollar was steady on Thursday. The loonie was at US$0.7308 or US$1=C$1.3684 as of 8:32 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The United States Dollar Index gained 0.15 of a point at 103.90. Crude oil prices underwent a small correction after Wednesday’s increases. Brent crude oil was down US$0.13 at […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Wednesday despite a weaker United States dollar and higher crude oil prices. The loonie closed at US$0.7307 or US$1=C$1.3686. The U.S. Dollar Index declined 0.50 of a point at 103.77 due to a sharp rally in the Japanese yen. Crude oil prices were higher because […] Read more