Currency markets

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as investors reacted to updated inflation data out of the United States and the latest interest rate announcement from the U.S. Federal Reserve. The Canadian dollar settled at US$0.7299 or US$1=C$1.3700 on Wednesday, which compares with Tuesday’s close of US$0.7264 or

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Wednesday morning, as gains in crude oil and positioning ahead of an interest rate announcement from the United States Federal Reserve provided support. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7303 or US$1=C$1.3693, which compares with Tuesday’s close of US$0.7264

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Tuesday as investors adjusted positions ahead of Wednesday’s interest rate announcement from the United States Federal Reserve. The Canadian dollar settled at US$0.7264 or US$1=C$1.3767 on Tuesday, which compares with Monday’s close of US$0.7265 or US$1=C$1.3765. The total value of building permits

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Tuesday morning, as currency traders continued to adjust positions ahead of the latest interest rate announcement from the United States Federal Reserve later in the week. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.7253 or US$1=C$1.3787, which compares with

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker on Monday, as investors await direction from the United States Federal Reserve later in the week. The Canadian dollar settled at US$0.7265 or US$1=C$1.3765 on Monday, which compares with Friday’s close of US$0.7278 or US$1=C$1.3740. Economists generally expect the Fed will

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Monday morning, with positioning ahead of the latest interest rate announcement from the United States Federal Reserve later in the week behind some of the activity in the currency markets. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar dropped on Friday in the face of a surge in the United States dollar. The loonie closed at US$0.7278 or US$1=C$1.3740, compared to Thursday’s finish of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the greenback spiked 0.838 of a point at 104.545. Benchmark

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell below 73 U.S. cents on Friday morning due to a large increase in its United States counterpart. As of 8:37 am CDT, the loonie was at US$0.7284 or US$1=C$1.3730 compared to Thursday’s close of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed a pinch higher on Thursday, as the United States dollar eased back while crude oil made gains. The loonie closed at US$0.7307 or US$1=C$1.3686, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback lost 0.146 of a

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning as increases in the United States dollar and crude oil essentially canceled each other. As of 8:35 am CDT, the loonie was at US$0.7302 or US$1=C$1.3697 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar