Currency markets

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Wednesday, as the Bank of Canada cut its key overnight rate by 50 basis points. In its accompanying statement the BoC said subsequent rate cuts were expected, but the timing and pace of those reductions “will be guided by incoming information and our assessment

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The accompanying statement said additional rate

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of future moves. The Canadian dollar

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Tuesday morning. At 8:35 a.m. CDT the Canadian dollar was trading at US$0.7237 or US$1=C$1.3818 which compares with Monday’s close of US$0.7228 or US$1=C$1.3835. Canada’s Industrial Product Price Index was down by 0.6 per cent in September compared to the previous month, with an

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of the Bank of Canada’s next interest rate decision later in the week. The Canadian dollar settled at US$0.7228 or US$1=C$1.3835 on Monday, which compares with Friday’s close of US$0.7245 or US$1=C$1.3802. Many investors now anticipate a

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Monday morning as currency traders await the latest interest rate decision from the Bank of Canada later in the week. Many investors now anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday. At 8:33 a.m. CDT

Glacier FarmMedia MarketsFarm – The Canadian dollar made a slight decline to end the week. The loonie was at US$0.7245 or US$1=C$1.3802, compared to US$0.7252 or US$1=C$1.3789 on Thursday. The United States Dollar Index was down 0.36 of a point at 103.47. Crude oil recorded its biggest weekly loss in more than a year, partly due

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Friday morning. Positioning ahead of next week’s interest rate announcement from the Bank of Canada was a feature, with many investors now anticipating a 50-basis-point cut to the central bank’s overnight rate. At 8:52 a.m. CDT the Canadian dollar

The Canadian dollar made a slight retreat on Thursday. The loonie was at US$0.7252 or US$1=C$1.3789, compared to US$0.7262 or US$1=C$1.3771 on Wednesday. The United States Dollar Index was up 0.21 of a point at 103.80. Crude oil made small gains after a drop in U.S. stockpiles and ongoing tensions in the Middle East. West

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7252 or US$1=C$1.3789, which compares with Wednesday’s close of US$0.7262 or US$1=C$1.3771. Canadian investors increased their holdings of foreign securities by C$12.3 billion in August while