Currency Markets

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week showing some strength. The loonie closed at US$0.7333 or US$1=C$1.3637, compared to US$0.7311 or US$1=C$1.3678 on Wednesday. Statistics Canada reported earlier in the day the country’s economy grew by 1.7 per cent in the first quarter of 2024. The Bank of Canada is expected to […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar advanced on Friday morning after the release of economic data from Statistics Canada (StatCan). The loonie was at US$0.7332 or US$1=C$1.3639 as of 8:38 a.m. CDT, compared to US$0.7311 or US$1=C$1.3678 on Thursday. StatCan reported the Canadian economy grew by 1.7 per cent in the first quarter of […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar made its way back above 73 United States cents on Thursday. The loonie closed at US$0.7311 or US$1=C$1.3678, compared to US$0.7299 or US$1=C$1.3700 on Wednesday. The United States Dollar Index gained 0.16 of a point at 104.78. Crude oil prices added onto Wednesday’s losses as U.S. stockpiles declined […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was a small step higher on Thursday morning. The loonie was at US$0.7306 or US$1=C$1.3687 as of 8:40 a.m. CDT, compared to US$0.7299 or US$1=C$1.3700 on Wednesday. The United States Dollar Index was up 0.17 of a point at 104.79. Crude oil prices were down as traders look […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar fell just below the 73 United States cent mark on Wednesday. The loonie closed at US$0.7299 or US$1=C$1.3700, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. The United States Dollar Index gained 0.51 of a point at 105.13. Weak U.S. gasoline demand and improved consumer confidence adding onto inflation fears […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar took a blow on Wednesday morning. The loonie was at US$0.7303 or US$1=C$1.3693 as of 8:40 a.m. CDT, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. The United States Dollar Index was up 0.21 of a point at 104.82. Crude oil prices continued to rise due to Middle East […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar inched upwards on Tuesday. The loonie was at US$0.7342 or US$1=C$1.3620 as of 8:33 a.m. CDT, compared to US$0.7334 or US$1=C$1.3636 on Monday. The United States Dollar Index was down 0.23 of a point at 104.37. Crude oil prices made gains due to rising tensions in the Middle […] Read more

Reading Time: < 1 minute The Canadian dollar moved up at the start of the week. The loonie closed at US$0.7334 or US$1=C$1.3636, compared to US$0.7314 or US$1=C$1.3673 on Friday. The United States Dollar Index declined 0.14 of a point at 104.58. Markets in the U.S. will be closed until this evening due to the Memorial Day holiday. Crude oil […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar moved further above the 73 United States cent mark coming out of the weekend. The loonie was at US$0.7333 or US$1=C$1.3637 as of 8:34 a.m. CDT, compared to US$0.7314 or US$1=C$1.3673 on Friday. The U.S. Dollar Index was down 0.05 of a point at 104.68. Markets in the U.S. […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Friday, underpinned by gains in crude oil. The Canadian dollar settled at US$0.7314 or US$1=C$1.3673 on Friday, which compares with Thursday’s close of US$0.7298 or US$1=C$1.3702. Retail sales in Canada decreased by 0.2 per cent in March, coming in at C$66.4 billion, […] Read more