Currency Markets

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed a pinch higher on Thursday, as the United States dollar eased back while crude oil made gains. The loonie closed at US$0.7307 or US$1=C$1.3686, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback lost 0.146 of a […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning as increases in the United States dollar and crude oil essentially canceled each other. As of 8:35 am CDT, the loonie was at US$0.7302 or US$1=C$1.3697 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Wednesday, following the interest rate announcement from the Bank of Canada. The central bank did what most analysts expected with a cut of 25 basis points to its key overnight rate now at 4.75 per cent. The loonie closed at US$0.7301 […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back  Wednesday morning following the interest rate announcement from the Bank of Canada. As of 8:54 am CDT, the loonie was at US$0.7298 or US$1=C$1.3704 compared to Tuesday’s close of US$0.7309 or US$1=C$1.3681. On the U.S. Dollar Index, the greenback tacked on 0.049 […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Tuesday, as the United States dollar held firm while crude oil retreated. The loonie closed at US$0.7309 or US$1=C$1.3681, compared to Monday’s finish of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback was virtually unchanged at 104.080 points. Benchmark […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back Tuesday morning, due to upticks in the United States dollar and decreases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7312 or US$1=C$1.3677 compared to Monday’s close of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Monday, as declines in crude oil eliminated any support from sharp losses in the United States dollar. The loonie closed at US$0.7334 or US$1=C$1.3635, compared to Friday’s finish of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback fell […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar edged up on Friday morning, due to a slight loss in the United States dollar. As of 8:31 am CDT, the loonie was at US$0.7340 or US$1=C$1.3622 compared to Friday’s close of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback slipped 0.137 […] Read more

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