Currency markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held within a narrow range on Friday, lacking any clear direction as traders adjusted positions ahead of the weekend amid a lack of fresh news. Gross domestic product data for both the United States and Canada will be released next week. The Canadian dollar settled

By Phil Franz-Warkentin     Glacier FarmMedia MarketsFarm – The Canadian dollar was holding onto small gains relative to its United States counterpart Friday morning, in choppy pre-weekend trade. The Bank of Canada releases its next interest rate decision on Feb. 29, and currency traders will be following the announcement closely for hints on the

By Phil Franz-Warkentin    Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer relative to its United States counterpart on Thursday. The Canadian dollar settled at US$0.7411 or US$1=C$1.3494 on Thursday, which compares with Wednesday’s close of US$0.7401 or US$1=C$1.3512. Canada’s new housing price index dipped by 0.1 per cent in January compared to the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Thursday morning, as expectations that the United States Federal Reserve will be unlikely to cut interest rates anytime soon provided support. At 8:52 a.m. CST the Canadian dollar was trading at US$0.7413 or US$1=C$1.3490, which compares with Wednesday’s close of US$0.7401

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Wednesday as minutes from the United States Federal Reserve’s January meeting showed the central bank is unlikely to cut interest rates anytime soon. Positioning in global financial markets ahead of an earnings report from tech giant Nvidia was a feature of the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding near unchanged Wednesday morning, as investors await the release of the United States Federal Reserve’s minutes from their January meeting later in the day. The financial markets will be watching the minutes closely for signs of future rate moves from the central

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday, as soft inflation data raised expectations that the Bank of Canada will likely cut interest rates sooner rather than later. The Canadian dollar settled at US$0.7398 or US$1=C$1.3518 on Tuesday, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Most

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Tuesday morning, as inflation in the country slowed over the past month. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7402 or US$1=C$1.3510, which compares with Friday’s close of US$0.7416 or US$1=C$1.3484. Canada’s annual rate of inflation fell to 2.9

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week on a positive note on Friday. The loonie closed at US$0.7416 or US$1=C$1.3484, compared to US$0.7411 or US$1=C$1.3493 on Thursday. The United States Dollar Index was down 0.01 of a point at 104.29. Crude oil prices rose on Friday amidst tensions in the Middle East.

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Friday morning. The loonie was at US$0.7408 or US$1=C$1.3499 as of 8:32 a.m. CST, compared to Thursday’s close of US$0.7411 or US$1=C$1.3493. The United States Dollar Index was up 0.30 of a point at 104.60. Crude oil prices were higher as gains