Currency Markets

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Tuesday. The loonie closed at US$0.7332 or US$1=C$1.3638, compared to US$0.7335 or US$1=C$1.3634 on Monday. The United States Dollar Index was up 0.11 of a point at 105.11. U.S. Federal Reserve chair Jerome Powell testified to Congress earlier today with many observers interpreting his […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Tuesday. The loonie was at US$0.7330 or US$1=C$1.3643 as of 8:32 a.m. CDT, compared to US$0.7335 or US$1=C$1.3633 on Monday. The United States Dollar Index was up 0.06 of a point at 105.06. Crude oil prices continued to decline after Hurricane Beryl […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar stayed put on Monday, hovering around month-long highs. The loonie closed at US$0.7335 or US$1=C$1.3634. The United States Dollar Index was up 0.15 of a point at 105.03. Crude oil prices were lower on Monday as the market assesses the effect of Hurricane Beryl, which led ports and refineries […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was steady coming out of the weekend. The loonie was at US$0.7337 or US$1=C$1.3630 as of 8:35 a.m. CDT, compared to US$0.7335 or US$1=C$1.3633 on Friday. The United States Dollar Index was down 0.06 of a point at 104.82. Crude oil prices were lower on Monday after reaching […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer on Friday, as currency markets reacted to the latest employment data. The Canadian dollar settled at US$0.7335 or US$1=C$1.3633 on Friday, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3613. Canada’s unemployment rate moved up 0.2 percentage points in June, hitting 6.2 […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Thursday morning, as currency traders reacted to soft domestic jobs data. At 8:54 a.m. CDT the Canadian dollar was trading at US$0.7326 or US$1=C$1.3650, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3613. Employment was virtually unchanged in Canada in June, with the […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Thursday, although activity was choppy as participants await updated jobs data out on Friday and markets in the United States were closed for Independence Day. The Canadian dollar settled at US$0.7346 or US$1=C$1.3613 on Thursday, which compares with Wednesday’s close of […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer Thursday morning, in thin trade with markets in the United States closed for Independence Day. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7343 or US$1=C$1.3618, which compares with Wednesday’s close of US$0.7333 or US$1=C$1.3637. Uncertainty ahead of the U.S. […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency markets reacted to rising oil prices and soft economic data out of the United States. The Canadian dollar settled at US$0.7333 or US$1=C$1.3637 on Wednesday, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Crude oil was underpinned […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Wednesday morning, with strength in global equity markets pointing to an increased appetite for risk. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.7322 or US$1=C$1.3657, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Canadian international trade data showed […] Read more