Currency Markets

Reading Time: < 1 minute      Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Tuesday, as rising inflation was seen reducing the likelihood of large interest rate cuts from the Bank of Canada. The Canadian dollar settled at US$0.7153 or US$1=C$1.3819 on Tuesday, which compares with Monday’s close of US$0.7121 or US$1=C$1.4042. Canada’s Consumer Price Index rose […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Tuesday, as rising inflation was seen reducing the likelihood of large interest rate cuts from the Bank of Canada. At 9:05 a.m. CST the Canadian dollar was trading at US$0.7143 or US$1=C$1.4000 which compares with Monday’s close of US$0.7121 or US$1=C$1.4042. Canada’s Consumer Price Index […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar ended the day higher on Monday after a week-and-a-half of declines. The loonie closed at US$0.7121 or US$1=C$1.4042, compared to US$0.7103 or US$1=C$1.4079 on Friday. The United States Dollar Index was down 0.43 of a point at 106.26. Crude oil jumped on Monday after U.S. President Joe Biden […] Read more

Reading Time: < 1 minute The Canadian dollar held steady to start the week. The loonie was at US$0.7103 or US$1=C$1.4079 as of 8:31 a.m. CST, same as the Bank of Canada’s closing rate on Friday. The United States Dollar Index slipped 0.15 of a point at 106.54. Crude oil rose after U.S. President Joe Biden allowed Ukraine to use […] Read more

Reading Time: < 1 minute    Glacier FarmMedia | MarketsFarm — The Canadian dollar continued to weaken relative to its United States counterpart on Friday, hitting its lowest levels since the height of the Covid-19 pandemic in the spring of 2020. The Canadian dollar settled at US$0.7103 or US$1=C$1.4079 on Friday, which compares with Thursday’s close of US$0.7129 or US$1=C$1.4027. […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar continued to weaken relative to its United States counterpart Friday morning, hitting fresh multi-year lows. At 8:47 a.m. CST the Canadian dollar was trading at US$0.7098 or US$1=C$1.4088 which compares with Thursday’s close of US$0.7129 or US$1=C$1.4027. Canadian manufacturing sales were down by 0.5 per cent in […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar continued to weaken relative to its United States counterpart on Thursday, hitting its lowest levels since May 2020. The Canadian dollar settled at US$0.7129 or US$1=C$1.4027 on Thursday, which compares with Wednesday’s close of US$0.7153 or US$1=C$1.3980. Broad strength in the U.S. dollar internationally accounted for much […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Thursday morning, pressured by relatively solid economic data out of the United States. Initial jobless claims in the U.S. dipped to their lowest level since May in the latest report, coming in at 217,000. Meanwhile, the country’s producer price index was up by 0.2 per […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm  — The Canadian dollar was softer on Wednesday, hitting its weakest level in four-and-a- half years relative to its United States counterpart. The Canadian dollar settled at US$0.7153 or US$1=C$1.3980 on Wednesday, which compares with Tuesday’s close of US$0.7172 or US$1=C$1.3944. Solid inflation data out of the U.S., with consumer prices […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Wednesday morning, hitting fresh two-year lows relative to its United States counterpart. The U.S. consumer price index was up by 2.6 per cent on an annual basis in October, according to a report out of the country. The inflation data was in line with trade […] Read more