Currency markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding relatively steady Thursday morning. At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7315 or US$1=C$1.3671, which compares with Wednesday’s close of US$0.7313 or US$1=C$1.3674. An estimated 470,000 Canadians received regular employment insurance benefits in March, which was up by only

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Wednesday, as losses in crude oil and uncertainty over monetary policy in the United States weighed on the currency. The Canadian dollar settled at US$0.7313 or US$1=C$1.3674 on Wednesday, which compares with Tuesday’s close of US$0.7327 or US$1=C$1.3649. Crude oil was pressured

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Wednesday morning as losses in crude oil weighed on the energy-linked currency. The United States Federals Open Market Committee will release the minutes of its May meeting later in the day, which should provide some insight on the U.S. Federal Reserve’s monetary

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday, pressured by a slowdown in the country’s inflation rate. The Canadian dollar settled at US$0.7327 or US$1=C$1.3649 on Monday, which compares with Friday’s close of US$0.7345 or US$1=C$1.3615. Canada’s annual inflation rate slowed to 2.7 per cent in April, from

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Tuesday morning as currency traders reacted to updated inflation data. At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7323 or US$1=C$1.3656, which compares with Friday’s close of US$0.7345 or US$1=C$1.3615. Canadian markets were closed Monday for Victoria Day. Canada’s annual

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held relatively steady on Friday, lacking any clear direction as traders moved to the sidelines ahead of the Victoria Day long weekend. The Canadian dollar settled at US$0.7345 or US$1=C$1.3615 on Friday, which compares with Thursday’s close of US$0.7342 or US$1=C$1.3620. West Texas Intermediate

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Friday morning. At 9:07 a.m. CDT the Canadian dollar was trading at US$0.7339 or US$1=C$1.3626, which compares with Thursday’s close of US$0.7342 or US$1=C$1.3620. Canadian investors acquired a record C$35.6 billion of foreign securities in March while foreign investors added C$14.4

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held relatively steady on Thursday, taking a pause after hitting its strongest level in five weeks relative to its United States counterpart on Wednesday. The Canadian dollar settled at US$0.7342 or US$1=C$1.3620 on Wednesday, which compares with Wednesday’s close of US$0.7345 or US$1=C$1.3615. West

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Thursday morning, backing away from the five-week highs relative to its United States counterpart hit Wednesday. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.7334 or US$1=C$1.3635, which compares with Wednesday’s close of US$0.7345 or US$1=C$1.3615. Gains in crude oil

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency markets reacted to the latest inflation data out of the United States. The Canadian dollar settled at US$0.7345 or US$1=C$1.3615 on Wednesday, which compares with Tuesday’s close of US$0.7324 or US$1=C$1.3653. The U.S consumer price index was up