Currency markets

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Friday morning, hitting fresh multi-year lows relative to its United States counterpart. At 8:36 a.m. CST the Canadian dollar was trading at US$0.7034 or US$1=C$1.4217 which compares with Thursday’s close of US$0.7048 or US$1=C$1.4188. Canadian manufacturing sales rose 2.1 per cent in October to C$70.8

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Thursday, hitting a fresh four-and-a-half-year low relative to its United States counterpart.The Canadian dollar settled at US$0.7048 or US$1=C$1.4188 on Thursday, which compares with Wednesday’s close of US$0.7065 or US$1=C$1.4154. Stronger than expected inflation data out of the U.S. heightened expectations for widening interest

By MarketsFarm   Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer Thursday morning, a day after the Bank of Canada cut interest rates by 50 basis points. At 9:24 a.m. CST the Canadian dollar was trading at US$0.7050 or US$1=C$1.4184 which compares with Wednesday’s close of US$0.7065 or US$1=C$1.4154. The total value of

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Wednesday, seeing a muted reaction to the latest monetary policy announcement from the Bank of Canada. The Canadian dollar settled at US$0.7065 or US$1=C$1.4154 on Wednesday, which compares with Tuesday’s close of US$0.7059 or US$1=C$1.4167. Canada’s central bank cut its key overnight interest

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Wednesday morning as currency traders reacted to the latest monetary policy announcement from the Bank of Canada. At 9:05 a.m. CST the Canadian dollar was trading at US$0.7079 or US$1=C$1.4126 which compares with Tuesday’s close of US$0.7059 or US$1=C$1.4167. Canada’s central bank cut its key

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Tuesday, trading near its weakest levels in four-and-a-half years relative to its United States counterpart ahead of Wednesday’s Bank of Canada interest rate announcement. The Canadian dollar settled at US$0.7059 or US$1=C$1.4167 on Tuesday, which compares with Monday’s close of US$0.7077 or US$1=C$1.4130. Average

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker Tuesday morning, with positioning ahead of Wednesday’s Bank of Canada policy announcement behind some of the activity. At 8:45 a.m. CST the Canadian dollar was trading at US$0.7057 or US$1=C$1.4170 which compares with Monday’s close of US$0.7077 or US$1=C$1.4130. Average market expectations

Glacier FarmMedia | MarketsFarm — The Canadian dollar held near multi-year lows on Monday, as traders squared positions ahead of an expected interest rate cut from the Bank of Canada on Wednesday. The Canadian dollar settled at US$0.7077 or US$1=C$1.4130 on Monday, which compares with Friday’s close of US$0.7074 or US$1=C$1.4136. Gains in crude oil

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Monday morning, seeing a modest correction to start the week after falling to its weakest level in over four years relative to its United States counterpart on Friday. At 8:55 a.m. CST the Canadian dollar was trading at US$0.7085 or US$1=C$1.4114 which compares with

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was weaker on Friday, falling to lows unseen since April 2020. The loonie closed Friday at US$0.7074 or US$1=1.4136, compared to Thursday’s finish of US$0.7124 or US$1=1.4038. On the U.S. Dollar Index, the greenback added 0.259 of a point at 105.960. Benchmark crude