Currency markets

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped Tuesday morning due to gains in its United States counterpart. As of 8:34 am CDT, the loonie was at US$0.7190 or US$1=C$1.3907 compared to Monday’s close of US$0.7197 or US$1=C$1.3895. On the U.S. Dollar Index, the greenback rose 0.287 of a point at 104.440.

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished below 72 United States on Monday, due to sharp declines in crude oil. The loonie closed at US$0.7197 or US$1=C$1.3895, compared to Friday’s finish of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback nudged up 0.028 of a point at

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was lower on Monday morning, due to sharp losses in crude oil. As of 8:34 am CDT, the loonie was at US$0.7198 or US$1=C$1.3892 compared to Friday’s close of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback shed 0.057 of a point at

Glacier FarmMedia | MarketsFarm – The Canadian dollar dropped to its lowest level in nearly a year on Friday. The loonie was at US$0.7209 or US$1=C$1.3872, compared to US$0.7223 or US$1=C$1.3845 on Thursday. The last time the Canadian dollar closed this low was on Nov. 1, 2023. The United States Dollar Index was up 0.22 of

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, due to a firm United States dollar and modest upticks in crude oil. As of 8:44 am CDT, the loonie was at US$0.7220 or US$1=C$1.3851 compared to Thursday’s close of US$0.7223 or US$1=C$1.3845. On the U.S. Dollar Index, the

Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday. The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday. The United States Dollar Index was down 0.40 of

     Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, a day after the Bank of Canada cut its key overnight interest rate by 50 basis points. Canadians receiving regular Employment Insurance benefits increased by 1.5 per cent in August, with the number of EI beneficiaries up by 5.6 per

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Wednesday, as the Bank of Canada cut its key overnight rate by 50 basis points. In its accompanying statement the BoC said subsequent rate cuts were expected, but the timing and pace of those reductions “will be guided by incoming information and our assessment

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The accompanying statement said additional rate

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of future moves. The Canadian dollar