Currency Markets

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was lower on Monday morning, due to sharp losses in crude oil. As of 8:34 am CDT, the loonie was at US$0.7198 or US$1=C$1.3892 compared to Friday’s close of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback shed 0.057 of a point at […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar dropped to its lowest level in nearly a year on Friday. The loonie was at US$0.7209 or US$1=C$1.3872, compared to US$0.7223 or US$1=C$1.3845 on Thursday. The last time the Canadian dollar closed this low was on Nov. 1, 2023. The United States Dollar Index was up 0.22 of […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, due to a firm United States dollar and modest upticks in crude oil. As of 8:44 am CDT, the loonie was at US$0.7220 or US$1=C$1.3851 compared to Thursday’s close of US$0.7223 or US$1=C$1.3845. On the U.S. Dollar Index, the […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday. The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday. The United States Dollar Index was down 0.40 of […] Read more

Reading Time: < 1 minute      Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, a day after the Bank of Canada cut its key overnight interest rate by 50 basis points. Canadians receiving regular Employment Insurance benefits increased by 1.5 per cent in August, with the number of EI beneficiaries up by 5.6 per […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Wednesday, as the Bank of Canada cut its key overnight rate by 50 basis points. In its accompanying statement the BoC said subsequent rate cuts were expected, but the timing and pace of those reductions “will be guided by incoming information and our assessment […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The accompanying statement said additional rate […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of future moves. The Canadian dollar […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Tuesday morning. At 8:35 a.m. CDT the Canadian dollar was trading at US$0.7237 or US$1=C$1.3818 which compares with Monday’s close of US$0.7228 or US$1=C$1.3835. Canada’s Industrial Product Price Index was down by 0.6 per cent in September compared to the previous month, with an […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of the Bank of Canada’s next interest rate decision later in the week. The Canadian dollar settled at US$0.7228 or US$1=C$1.3835 on Monday, which compares with Friday’s close of US$0.7245 or US$1=C$1.3802. Many investors now anticipate a […] Read more