Currency markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Tuesday morning, as trading resumed following the New year’s holiday. As of 8:33 am CST, the loonie was at US$0.7508 or C$1.3317, compared to Friday’s close of US$0.7561 or US$1=C$1.3226. On the U.S. Dollar Index, the greenback advanced 0.796 of a

Glacier FarmMedia MarketsFarm – The Canadian dollar eased further back again on Friday as 2023 wraps up. The loonie closed at US$0.7561 or US$1=C$1.3226, compared to US$0.7569 or US$1=C$1.3212 on Thursday. One year ago today, the Canadian dollar closed at US$0.7376 or US$1=C$1.3557. The United States Dollar Index was up 0.13 of a point at 101.35.

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Friday morning, as its United States counterpart reclaimed some of its lost strength. Support from upticks in global crude oil prices limited the loonie’s decline. As of 8:41 am CST, the Canadian dollar was at US$0.7548 or C$1.3249, compared to Thursday’s

Glacier FarmMedia MarketsFarm – The Canadian dollar eased back from a five-month high on Thursday. The loonie closed at US$0.7569 or US$1=C$1.3212, compared to US$0.7573 or US$1=C$1.3205 on Wednesday. The United States Dollar Index was up 0.24 of a point at 101.23. Crude oil fell due to a buildup of supplies. Brent crude oil retreated

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, as a weaker United States dollar was balanced off by declines in crude oil prices. As of 8:37 am CST, the loonie was at US$0.7577 or C$1.3195, compared to Wednesday’s close of US$0.7543 or US$1=C$1.3258. On the U.S.

Glacier FarmMedia MarketsFarm – The Canadian dollar hit a five-month high on Wednesday as the United States dollar weakened. The loonie closed at US$0.7573 or US$1=C$1.3205, compared to US$0.7543 or US$1=C$1.3258 on Friday. The Bank of Canada (BoC) did not publish a closing exchange rate on Dec. 25 (Christmas Day) and Dec. 26 (Boxing Day). The

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was higher on Wednesday morning, as trading reopened following Christmas and Boxing Day. As of 8:34 am CST, the loonie was at US$0.7584 or C$1.3187, compared to Friday’s close of US$0.7543 or US$1=C$1.3258. On the U.S. Dollar Index, the greenback gave up 0.214 of

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm –  The Canadian dollar was stronger on Friday in thin pre-holiday trade, with broad weakness in the United States dollar internationally behind some of the relative strength. The Canadian dollar settled at US$0.7543 or US$1=C$1.3258 on Friday, which compares with Thursday’s close of US$0.7513 or US$1=C$1.3311. Canada’s real gross

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Friday morning, as market participants reacted to steady inflation data ahead of the holidays. At 8:54 a.m. CST Friday morning the Canadian dollar was trading at US$0.7556 or US$1=C$1.3235, which compares with Thursday’s close of US$0.7513 or US$1=C$1.3311. Canada’s real gross domestic

By Phil Franz-Warkentin Glacier FarmMedia, MarketsFarm – The Canadian dollar was stronger on Thursday, continuing to gain ground relative to its United States counterpart as fund traders were thought to be exiting short positions ahead of the New Year. The Canadian dollar settled at US$0.7513 or US$1=C$1.3311 on Thursday, which compares with Wednesday’s close of