Currency markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency markets reacted to rising oil prices and soft economic data out of the United States. The Canadian dollar settled at US$0.7333 or US$1=C$1.3637 on Wednesday, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Crude oil was underpinned

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Wednesday morning, with strength in global equity markets pointing to an increased appetite for risk. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.7322 or US$1=C$1.3657, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Canadian international trade data showed

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held near unchanged on Tuesday as activity resumed after the Canada Day long weekend. Broad weakness in the United States dollar internationally underpinned the currency. The Canadian dollar settled at US$0.7301 or US$1=C$1.3697 on Tuesday, which compares with Friday’s close of US$0.7306 or US$1=C$1.3687.

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Tuesday morning as activity resumed after Monday’s Canada Day holiday. Broad strength in the United States dollar internationally accounted for some of the relative weakness in the Canadian dollar as currency traders await comments from U.S. Federal Reserve Chair Jerome Powell later in

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Friday, following the Statistics Canada report on economic growth. The loonie closed at US$0.7306 or US$1=C$1.3687, compared to Thursday’s finish of US$0.7305 or US$1=C$1.3690. On the U.S. Dollar Index, the greenback dipped 0.011 of a point at 105.560. StatCan reported

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar budged very little on Thursday, despite a loss in the United States dollar and upticks in crude oil. The loonie closed at US$0.7305 or US$1=C$1.3690, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback shed 0.129 of a

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning, despite weakness in the United States dollar and upticks in crude oil. As of 8:35 am CDT, the loonie was at US$0.7305 or US$1=C$1.3686 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the

The Canadian dollar declined on Wednesday, staying slightly above the 73 United States cents. The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7321 or US$1=C$1.3659 on Tuesday. The United States Dollar Index was up 0.47 of a point at 106.07. Crude oil prices were lower on Wednesday as U.S. stockpiles rose to their largest

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was pulling back on Wednesday morning, as its United States counterpart gained strength. As of 8:35 am CDT, the loonie was at US$0.7299 or US$1=C$1.3698 compared to Tuesday’s close of US$0.7321 or US$1=C$1.3659. On the U.S. Dollar Index, the greenback added 0.476 of a

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Tuesday, fending off pressure from an increase in the United States dollar and declines in crude oil. The loonie closed at US$0.7321 or US$1=C$1.3659, compared to Monday’s finish of US$0.7319 or US$1=C$1.3663. On the U.S. Dollar Index, the greenback added