Currency markets

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stabilized on Friday, finishing virtually unchanged. The loonie closed Friday at US$0.6961 or US$1=1.4365, compared to Thursday’s finish of US$0.6959 or US$1=1.4370. On the U.S. Dollar Index, the greenback dropped 0.612 points at 107.540. Statistics Canada reported October retail sales grew 0.6 per

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, as Prime Minister Justin Trudeau will attempt to stabilize his minority government by shuffling his cabinet this morning. As of 8:37 am CST, the loonie was at US$0.6956 or US$1=C$1.4374 compared to Thursday’s close of US$0.6959 or US$1=C$1.4380. On

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar shed more than a 10th  of a cent on Thursday, despite Prime Minister Justin Trudeau trying to stabilize his government’s dire political situation. Trudeau is set to shuffle his cabinet tomorrow morning, with Dominic LeBlanc widely expected to remain his new finance portfolio.

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up almost two-tenths of a cent on Wednesday, due to a sharp hike in its United States counterpart. The loonie closed Wednesday at US$0.6972 or US$1=1.4343, compared to Tuesday’s finish of US$0.6991 or US$1=1.4305. On the U.S. Dollar Index, the greenback advanced

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was a pinch lower on Wednesday morning, due to pressure from a strong United States dollar. As of 8:41 am CST, the loonie was at US$0.6987 or US$1=C$1.4312 compared to Tuesday’s close of US$0.6991 or US$1=C$1.4305. On the U.S. Dollar Index, the greenback nudged up

The Canadian dollar finished under 70 United States cents on Tuesday, in the face of a strong U.S. counterpart and more declines in crude oil. The loonie closed Tuesday at US$0.6991 or US$1=1.4305, compared to Monday’s finish of US$0.7023 or US$1=1.4239 – levels unseen since the COVID-19 pandemic. On the U.S. Dollar Index, the greenback

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was on the verge of sliding below 70 United States cents on Tuesday morning, as the U.S. dollar remained firm and crude oil fell back. As of 8:33 am CST, the loonie was at US$0.7000 or US$1=C$1.4284 compared to Monday’s close of US$0.7023 or US$1=C$1.4239.

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was relatively steady on Monday, with losses in the United States dollar and crude oil countering each other. The loonie closed Monday at US$0.7023 or US$1=1.4239, compared to Friday’s finish of US$0.7027 or US$1=1.4231. On the U.S. Dollar Index, the greenback dipped 0.079

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Monday morning, in the face of a still strong United States dollar. As of 8:42 am CST, the loonie was at US$0.7014 or US$1=C$1.4257 compared to Friday’s close of US$0.7027 or US$1=C$1.4231. On the U.S. Dollar Index, the greenback nudged up 0.051

Glacier FarmMedia | MarketsFarm — The Canadian dollar fell to fresh multi-year lows relative to its United States counterpart to end the week. Uncertainty over a looming trade war with the U.S. accounted for some of the weakness. The Canadian dollar settled at US$0.7027 or US$1=C$1.4231 on Friday, which compares with Thursday’s close of US$0.7048