Currency markets

Glacier FarmMedia — The Canadian dollar was stronger on Wednesday, hitting its highest levels in two weeks relative to its United States counterpart. Optimism over upcoming trade talks between the two countries contributed to the firmer tone in the currency.      The Canadian dollar settled at US$0.7145 or US$1=C$1.3996, which compares with Tuesday’s close of

Glacier FarmMedia — The Canadian dollar was stronger relative to its United States counterpart Wednesday morning, with gains in crude oil providing support for the energy-linked currency.      At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7141 or US$1=C$1.4004 which compares with Tuesday’s close of US$0.7132 or US$1=C$1.4022.      Crude oil was underpinned

Glacier FarmMedia — The Canadian dollar was firm on Tuesday, as the latest domestic inflation data came in higher than expected.      The Canadian dollar settled at US$0.7132 or US$1=C$1.4022, which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.      Statistics Canada reported that the country’s annual rate of inflation was 2.4 per cent in

Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as markets reacted to updated inflation data.      At 8:49 a.m. CDT the Canadian dollar was trading at US$0.7129 or US$1=C$1.4027 which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.      Statistics Canada reported that the country’s annual rate of inflation came in at

Glacier FarmMedia — The Canadian dollar was unchanged at Monday’s close, lacking any clear direction.      The Canadian dollar settled at US$0.7125 or US$1=C$1.4036, which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.      Canada’s Industrial Product Price Index was up by 0.8 per cent in September compared to the previous month, marking a 5.5

Glacier FarmMedia — The Canadian dollar was holding steady Monday morning. Support from gains in equity and metal markets was countered by weakness in crude oil.      At 9:01 a.m. CDT the Canadian dollar was trading at US$0.7123 or US$1=C$1.4039 which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.      Canada’s Industrial Product Price Index

Glacier FarmMedia — The Canadian dollar was slightly firmer on Friday but was still down on a weekly basis for the fourth week in a row.      The Canadian dollar settled at US$0.7125 or US$1=C$1.4035, which compares with Thursday’s close of US$0.7118 or US$1=C$1.4048.      The continued shutdown of the U.S. government and resulting lack

Glacier FarmMedia — The Canadian dollar remained rangebound Friday morning, lacking any clear direction.      At 9:02 a.m. CDT the Canadian dollar was trading at US$0.7120 or US$1=C$1.4045 which compares with Thursday’s close of US$0.7118 or US$1=C$1.4048.      Speaking in Washington, D.C., on Thursday Bank of Canada Governor Tiff Macklem said the growth outlook remained

Glacier FarmMedia — The Canadian dollar held steady on Thursday.      The Canadian dollar settled at US$0.7118 or US$1=C$1.4048, which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045.      Speaking in Washington, D.C., Bank of Canada Governor Tiff Macklem said the growth outlook remained “soft” for the country. “We do expect growth in the second

Glacier FarmMedia — The Canadian dollar was holding steady Thursday morning, with currency traders awaiting comments from Bank of Canada Governor Tiff Macklem later in the day.      At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7119 or US$1=C$1.4047 which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045.      Macklem is set to