Currency markets

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Wednesday, following the interest rate announcement from the Bank of Canada. The central bank did what most analysts expected with a cut of 25 basis points to its key overnight rate now at 4.75 per cent. The loonie closed at US$0.7301

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back  Wednesday morning following the interest rate announcement from the Bank of Canada. As of 8:54 am CDT, the loonie was at US$0.7298 or US$1=C$1.3704 compared to Tuesday’s close of US$0.7309 or US$1=C$1.3681. On the U.S. Dollar Index, the greenback tacked on 0.049

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Tuesday, as the United States dollar held firm while crude oil retreated. The loonie closed at US$0.7309 or US$1=C$1.3681, compared to Monday’s finish of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback was virtually unchanged at 104.080 points. Benchmark

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back Tuesday morning, due to upticks in the United States dollar and decreases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7312 or US$1=C$1.3677 compared to Monday’s close of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Monday, as declines in crude oil eliminated any support from sharp losses in the United States dollar. The loonie closed at US$0.7334 or US$1=C$1.3635, compared to Friday’s finish of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback fell

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar edged up on Friday morning, due to a slight loss in the United States dollar. As of 8:31 am CDT, the loonie was at US$0.7340 or US$1=C$1.3622 compared to Friday’s close of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback slipped 0.137

Glacier FarmMedia MarketsFarm – The Canadian dollar ended the week showing some strength. The loonie closed at US$0.7333 or US$1=C$1.3637, compared to US$0.7311 or US$1=C$1.3678 on Wednesday. Statistics Canada reported earlier in the day the country’s economy grew by 1.7 per cent in the first quarter of 2024. The Bank of Canada is expected to

Glacier FarmMedia MarketsFarm – The Canadian dollar advanced on Friday morning after the release of economic data from Statistics Canada (StatCan). The loonie was at US$0.7332 or US$1=C$1.3639 as of 8:38 a.m. CDT, compared to US$0.7311 or US$1=C$1.3678 on Thursday. StatCan reported the Canadian economy grew by 1.7 per cent in the first quarter of

Glacier FarmMedia MarketsFarm – The Canadian dollar made its way back above 73 United States cents on Thursday. The loonie closed at US$0.7311 or US$1=C$1.3678, compared to US$0.7299 or US$1=C$1.3700 on Wednesday. The United States Dollar Index gained 0.16 of a point at 104.78. Crude oil prices added onto Wednesday’s losses as U.S. stockpiles declined

Glacier FarmMedia MarketsFarm – The Canadian dollar was a small step higher on Thursday morning. The loonie was at US$0.7306 or US$1=C$1.3687 as of 8:40 a.m. CDT, compared to US$0.7299 or US$1=C$1.3700 on Wednesday. The United States Dollar Index was up 0.17 of a point at 104.79. Crude oil prices were down as traders look