Currency markets

Glacier FarmMedia – The Canadian dollar was on the rise coming out of the weekend, as its United States counterpart was relatively steady and crude oil peeled back.      The loonie was at US$0.7239 or US$1=C$1.3814 as of 8:39 a.m. CST on Monday, compared to Friday’s close at US$0.7215 or US$1=C$1.3860.      The U.S. Dollar

Glacier FarmMedia — The Canadian dollar was sharply stronger relative to its United States counterpart on Friday, hitting its highest levels in six months on the back of solid jobs data.      The Canadian dollar settled at US$0.7215 or US$1=C$1.3860, which compares with Thursday’s close of US$0.7167 or US$1=C$1.3952.      Canada’s unemployment rate fell to

Glacier FarmMedia — The Canadian dollar held relatively steady on Thursday.      The Canadian dollar settled at US$0.7167 or US$1=C$1.3952, which compares with Wednesday’s close of US$0.7169 or US$1=C$1.3949.      TD Bank, BMO Financial Group and CIBC all reported solid fourth quarter profits, which investors took as a sign of a healthy economy.      Canadian

Glacier FarmMedia — The Canadian dollar was holding relatively steady Thursday morning, finding some direction from updated quarterly earnings reports from several Canadian banks.      At 9:20 a.m. CST the Canadian dollar was trading at US$0.7167 or US$1=C$1.3953 which compares with Wednesday’s close of US$0.7169 or US$1=C$1.3949.      TD Bank, BMO Financial Group and CIBC

Glacier FarmMedia — The Canadian dollar was stronger on Wednesday, underpinned by gains in the energy sector and solid earnings reports from domestic banks.      The Canadian dollar settled at US$0.7169 or US$1=C$1.3949, which compares with Tuesday’s close of US$0.7150 or US$1=C$1.3986.      The Royal Bank of Canada and National Bank of Canada both reported

Glacier FarmMedia — The Canadian dollar was stronger Wednesday morning, with gains in crude oil lending some support to the energy-linked currency.      At 8:51 a.m. CST the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Tuesday’s close of US$0.7150 or US$1=C$1.3986.      Softer than expected jobs data out of the United

Glacier FarmMedia — The Canadian dollar was slightly softer at Tuesday’s close, with positioning ahead of jobs data due out later in the week behind some of the activity.      The Canadian dollar settled at US$0.7150 or US$1=C$1.3986, which compares with Monday’s close of US$0.7154 or US$1=C$1.3979.      The Organization for Economic Cooperation and Development

Glacier FarmMedia — The Canadian dollar was slightly softer Tuesday morning.      At 8:58 a.m. CST the Canadian dollar was trading at US$0.7145 or US$1=C$1.3996 which compares with Monday’s close of US$0.7154 or US$1=C$1.3979.      The Organization for Economic Cooperation and Development (OECD) raised its forecast for growth in the world economy in 2025 to

Glacier FarmMedia — The Canadian dollar failed to hold onto earlier gains relative to its United States counterpart on Monday, holding steady to start the week.      The Canadian dollar settled at US$0.7154 or US$1=C$1.3979, which was unchanged with Friday’s close.      Canada’s manufacturing sector contracted in November, with the S&P Global Canada Manufacturing Purchasing

Glacier FarmMedia — The Canadian dollar was firmer Monday morning, with gains in crude oil supportive for the energy-linked currency.      At 9:14 a.m. CST the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Friday’s close of US$0.7154 or US$1=C$1.3979.      Canada’s manufacturing sector contracted in November, with the S&P Global Canada