Currency markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased a pinch lower on Friday, as crude oil’s losses increased. The loonie closed at US$0.7231 or US$1=C$1.3830, compared to Thursday’s finish of US$0.7236 or US$1=C$1.3819. On the U.S. Dollar Index, the greenback dipped 0.048 of a point at 104.060. Benchmark crude oil prices

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning after the loonie pulled back following the Bank of Canada’s rate cut earlier this week. As of 8:37 am CDT, the loonie was at US$0.7238 or US$1=C$1.3817 compared to Thursday’s close of US$0.7236 or US$1=C$1.3819. On the United

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar continued to slip back on Thursday, following the Bank of Canada’s decision to cut its key lending rate. The loonie closed at US$0.7236 or US$1=C$1.3819, compared to Wednesday’s finish of US$0.7250 or US$1=C$1.3794. On the U.S. Dollar Index, the greenback nudged up 0.013 of

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Thursday morning as yesterday’s Bank of Canada rate cut still weighed on values. As of 8:35 am CDT, the loonie was at US$0.7234 or US$1=C$1.3821 compared to Wednesday’s close of US$0.7250 or US$1=C$1.3794. On the United States Dollar Index, the greenback

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped lower on Wednesday, following this morning’s interest rate announcement from the Bank of Canada. The BoC cut 25 basis points from its key lending rate, dropping it to 4.5 per cent. It’s the second consecutive reduction the central bank has implemented this year.

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday, due to increases in the United States dollar and lower crude oil prices. The loonie closed at US$0.7263 or US$1=C$1.3768, compared to Monday’s finish of US$0.7270 or US$1=C$1.3755. On the U.S. Dollar Index, the greenback added 0.163 of a point

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back a pinch on Tuesday morning due to small upticks in the United States dollar and declines in crude oil. As of 8:36 am CDT, the loonie was at US$0.7263 or US$1=C$1.3769 compared to Monday’s close of US$0.7270 or US$1=C$1.3755. On the U.S.

Canadian Financial Close: More declines for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Monday, lacking support to push higher. The loonie closed at US$0.7270 or US$1=C$1.3755, compared to Friday’s finish of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback inched lower 0.072 of a point

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning lacking sufficient support from crude oil. As of 8:44 am CDT, the loonie was at US$0.7268 or US$1=C$1.3758 compared to Friday’s close of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback dipped 0.072 of a point at

Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 73 United States cent mark to close the week. The loonie closed at US$0.7285 or US$1=C$1.3727, compared to US$0.7301 or US$1=C$1.3696 on Thursday. Statistics Canada reported on Friday retail sales were down 0.8 per cent in May, while estimating a 0.3 per cent decline in June.