Currency markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, with positioning ahead of next week’s Bank of Canada policy decision behind some of the activity. The Canadian dollar settled at US$0.7387 or US$1=C$1.3537 on Wednesday, which compares with Tuesday’s close of US$0.7368 or US$1=C$1.3572. Gains in crude oil underpinned

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Wednesday morning, finding support from ongoing gains in crude oil. At 8:38 a.m. CDT the Canadian dollar was trading at US$0.7374 or US$1=C$1.3561, which compares with Tuesday’s close of US$0.7368 or US$1=C$1.3572. A meeting of OPEC+ members ended without any changes

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Monday, as support from gains in energy markets was countered by uncertainty over looming interest rate cuts from the Bank of Canada. The Canadian dollar settled at US$0.7368 or US$1=C$1.3572 on Tuesday, which compares with Monday’s close of US$0.7367 or US$1=C$1.3574.

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Tuesday morning, as support from gains in crude oil was countered by pressure from losses in equity markets. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7365 or US$1=C$1.3578, which compares with Monday’s close of US$0.7367 or US$1=C$1.3574. Crude oil

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Monday as activity resumed after the long weekend. The Canadian dollar settled at US$0.7367 or US$1=C$1.3574 on Monday, which compares with Thursday’s close of US$0.7380 or US$1=C$1.3550. The Bank of Canada’s quarterly business outlook survey showed fewer companies expecting a recession

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Monday morning lacking any clear direction. Many government offices were closed for Easter Monday. At 9:01 a.m. CDT the Canadian dollar was trading at US$0.7376 or US$1=C$1.3557, which compares with Thursday’s close of US$0.7380 or US$1=C$1.3550. Crude oil was also trading within

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed higher Friday, fueled by upticks in global crude oil prices and a positive economic report from Statistics Canada. The loonie closed at US$0.7380 or US$1=C$1.3550, compared to Wednesday’s finish of US$0.7360 or US$1=C$1.3587. On the United States Dollar Index, the greenback gained 0.231

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was slightly higher on Thursday morning, getting strength from increases in global crude oil prices. As of 8:40 am CDT, the loonie was at US$0.7369 or US$1=C$1.3570 compared to Wednesday’s close of US$0.7360 or C$1.3587. On the U.S. Dollar Index, the greenback tacked on

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar dipped on Wednesday, simply not finding sufficient strength to climb higher. The Canadian dollar closed at US$0.7360 or US$1=C$1.3587, compared to Tuesday’s finish of US$0.7368 or US$1=C$1.3572. On the United States Dollar Index, the greenback was relatively steady at 104.010 points. Benchmark crude oil

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Wednesday morning, due to an uptick in the United States dollar and small losses in crude oil prices. As of 8:35 am CDT, the loonie was at US$0.7354 or US$1=C$1.3598 compared to Tuesday’s close of US$0.7368 or C$1.3572. On the U.S.