Currency markets

Glacier FarmMedia MarketsFarm – The Canadian dollar plunged on Tuesday morning after the release of surprising economic data from Statistics Canada (StatCan). The loonie was at US$0.7349 or US$1=C$1.3607 as of 8:49 a.m. CDT, compared to US$0.7385 or US$1=C$1.3541 on Monday. StatCan reported this morning that the country’s annual inflation rate slightly declined to 2.8 per

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Monday, easing back by a tiny amount. The Canadian dollar closed at US$0.7385 or US$1=C$1.3541, compared to Friday’s finish of US$0.7389 or US$1=C$1.3533. On the U.S. Dollar Index, the greenback rose 0.186 of a point at 103.250. Benchmark crude oil

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Monday morning, with little movement in the United States dollar and in crude oil prices. As of 8:38 am CST, the loonie was at US$0.7384 or US$1=C$1.3542 compared to Friday’s close of US$0.7389 or C$1.3533. On the U.S. Dollar Index,

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Friday, as currency traders adjusted positions ahead of the weekend. The Canadian dollar settled at US$0.7389 or US$1=C$1.3533 on Friday, which compares with Thursday’s close of US$0.7401 or US$1=C$1.3512. Canada’s balance of trade saw a net inflow of C$16.5 billion in

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer relative to its United States counterpart in early Friday trade. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7393 or US$1=C$1.3526, which compares with Thursday’s close of US$0.7401 or US$1=C$1.3512. Canada’s balance of trade saw a net inflow of C$16.5

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Thursday, as strong inflation data out of the United States had investors reducing their expectations for an interest rate cut from the country any time soon. The Canadian dollar settled at US$0.7401 or US$1=C$1.3512 on Thursday, which compares with Wednesday’s close

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Thursday morning. At 8:52 a.m. CDT the Canadian dollar was trading at US$0.7410 or US$1=C$1.3495, which compares with Wednesday’s close of US$0.7423 or US$1=C$1.3472. Manufacturing sales in Canada were up by 0.2 per cent in January, hitting C$71.1 billion, according to

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, underpinned by gains in crude oil. The Canadian dollar settled at US$0.7423 or US$1=C$1.3472 on Wednesday, which compares with Tuesday’s close of US$0.7408 or US$1=C$1.3499. Commercial crude oil stocks in the United States fell by 5.5 million barrels during the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer relative to its United States counterpart Wednesday morning, as gains in crude oil underpinned the energy-linked currency. At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7417 or US$1=C$1.3483, which compares with Tuesday’s close of US$0.7408 or US$1=C$1.3499. Commercial crude

The Canadian dollar underwent a small decline on Tuesday. The loonie closed at US$0.7408 or US$1=C$1.3499, compared to US$0.7412 or US$1=C$1.3491 on Monday. The United States Dollar Index increased 0.09 of a point at 102.95. The U.S. Labor Department reported this morning that the country’s core consumer price index (CPI), which excludes food and energy