Currency markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Wednesday morning in thin pre-holiday trade. At 8:34 a.m. CST Wednesday morning the Canadian dollar was trading at US$0.7498 or US$1=C$1.3337, which compares with Tuesday’s close of US$0.7494 or US$1=C$1.3344. Canada’s unemployment rate edged up 0.2 percentage points in October, hitting

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened relative to its United States counterpart on Tuesday, hitting a fresh four-and-a-half month high as currency traders reacted to updated inflation data. The Canadian dollar settled at US$0.7494 or US$1=C$1.3344 on Monday, which compares with Monday’s close of US$0.7470 or US$1=C$1.3387. Canada’s annual

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was showing some strength relative to its United States counterpart Tuesday morning as currency traders reacted to updated inflation data. At 8:51 a.m. CST Tuesday morning the Canadian dollar was trading at US$0.7501 or US$1=C$1.3332, which compares with Monday’s close of US$0.7470 or US$1=C$1.3387.

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer relative to its United States counterpart on Monday, taking a step back from its recently hit four-week highs as investors squared positions ahead of Tuesday’s inflation data. The Canadian dollar settled at US$0.7470 or US$1=C$1.3387 on Monday, which compares with Friday’s close

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Monday morning, with gains in crude oil providing some underlying support. At 8:51 a.m. CST Monday morning the Canadian dollar was trading at US$0.7476 or US$1=C$1.3376, which compares with Friday’s close of US$0.7475 or US$1=C$1.3378. Job vacancies in Canada came in

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar pushed higher on Friday, despite a lack of support. The Canadian dollar closed at US$0.7475 or US$1=C$1.3378, compared to Thursday’s finish of US$0.7452 or US$1=C$1.3419. On the U.S. Dollar Index, the greenback advanced 0.652 of a point at 102.230. Benchmark crude oil prices saw

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar inched its way a little higher on Friday morning, due to a small amount of support from crude oil and despite a stronger United States dollar. As of 8:37 am CST, the loonie was at US$0.7464 or C$1.3394, compared to Thursday’s close of US$0.7452

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar added more strength on Thursday, as its United States counterpart took another hard hit while crude oil prices had a second good day. The Canadian dollar closed at US$0.7452 or US$1=C$1.3419, compared to Wednesday’s finish of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index,

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was higher on Thursday morning, as it benefitted from a weaker United States dollar and increases in crude oil. As of 8:37 am CST, the loonie was at US$0.7444 or C$1.3436, compared to Wednesday’s close of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index,

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed higher on Wednesday, propelled by weakness in the United States dollar and increases in crude oil. The Canadian dollar closed at US$0.7374 or US$1=C$1.3561, compared to Tuesday’s finish of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar Index, the greenback dropped 0.934 of a