Canadian financial close: C$ weakens Thursday

Glacier FarmMedia — The Canadian dollar was slightly softer on Thursday. The Canadian dollar settled at US$0.7284 or US$1=C$1.3728, which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. The Bank of Canada and the U.S. Federal Reserve left their key interest rates unchanged in policy announcements on Wednesday but warned of higher inflation. The Bank

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was softer Thursday morning, pressured by a declining appetite for risk in global financial markets amid the ongoing war in the Middle East. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. The Bank of Canada


Canadian financial close: C$ weakens slightly as BoC holds rates

Glacier FarmMedia — The Canadian dollar was slightly softer on Wednesday, as currency markets had a muted response to steady interest rate policy announcements from Canada and the United States. The Canadian dollar settled at US$0.7296 or US$1=C$1.3706, which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. The Bank of Canada and the U.S. Federal

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was softer Wednesday morning ahead of the latest policy announcements from the Bank of Canada and the United States Federal Reserve. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. Most analysts expect the Bank of


Canadian financial close: C$ weaker Tuesday

Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency traders adjusted positions ahead of policy announcements from several central banks later this week. The Canadian dollar settled at US$0.7300 or US$1=C$1.3699, which compares with Monday’s close of US$0.7313 or US$1=C$1.3675. The Bank of Canada and the U.S. Federal Reserve will announce their

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Tuesday morning as currency markets awaited key policy announcements later this week. At 9:50 a.m. CDT the Canadian dollar was trading at US$0.7300 or US$1=C$1.3699 which compares with Monday’s close of US$0.7313 or US$1=C$1.3675. The Bank of Canada and the


Canadian financial close: C$ strengthens Monday

Glacier FarmMedia — The Canadian dollar was stronger on Monday, despite soft inflation data and losses in crude oil. The Canadian dollar settled at US$0.7313 or US$1=C$1.3675, which compares with Friday’s close of US$0.7291 or US$1=C$1.3716. Canada’s consumer price index (CPI) increased by 1.8 per cent on an annual basis in February, slowing from the

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was firmer relative to its United States counterpart Monday morning. At 9:47 a.m. CDT the Canadian dollar was trading at US$0.7322 or US$1=C$1.3657 which compares with Friday’s close of US$0.7291 or US$1=C$1.3716. Canada’s consumer price index (CPI) increased by 1.8 per cent on an annual basis in February, slowing


Canadian Financial Close: Loonie closes below 73 U.S. cents

By Glen Hallick Glacier FarmMedia – The Canadian dollar was weaker on Friday, due to strength in the United States dollar and a poor jobs report from Statistics Canada. Gains in crude oil tempered the losses in the loonie. The Canadian dollar finished at US$0.7291 or US$1=C$1.3716 compared to Thursday’s close of US$0.7344 or US$1=C$1.3617.