Currency markets

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened on Friday, hitting its highest level in two weeks relative to its United States counterpart. The Canadian dollar settled at US$0.7316 or US$1=C$1.3668 on Friday, which compares with Thursday’s close of US$0.7305 or US$1=C$1.3689. Comments from United States Treasury Secretary Janet Yellen were

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Friday morning, with gains in crude oil providing some support. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7318 or US$1=C$1.3665, which compares with Thursday’s close of US$0.7305 or US$1=C$1.3689. Comments from United States Treasury Secretary Janet Yellen were

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar saw some modest strength on Thursday, underpinned by gains in crude oil and soft economic data out of the United States. The Canadian dollar settled at US$0.7305 or US$1=C$1.3689 on Thursday, which compares with Wednesday’s close of US$0.7294 or US$1=C$1.3709. Economic growth in the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Thursday morning, as sluggish economic data out of the United States weighed on world equity markets and had investors backing away from riskier assets. At 8:56 a.m. CDT the Canadian dollar was trading at US$0.7284 or US$1=C$1.3729, which compares with Wednesday’s

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Wednesday, dipping back below the psychological 73 U.S. cents mark as soft retail sales data raised expectations that the Bank of Canada would begin cutting interest rates sometime in the next few months. The Canadian dollar settled at US$0.7294 or US$1=C$1.3709 on

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker Wednesday morning, as soft domestic retail sales data pressured the currency. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7299 or US$1=C$1.3701, which compares with Tuesday’s close of US$0.7314 or US$1=C$1.3673. Retail sales in Canada dipped by 0.1 per

The Canadian dollar was stronger on Tuesday, as softer than expected purchasing managers index (PMI) data out of the United States weighed on the U.S. currency. The Canadian dollar settled at US$0.7314 or US$1=C$1.3673 on Tuesday, which compares with Monday’s close of US$0.7291 or US$1=C$1.3715. Gains in crude oil were supportive for the Canadian currency,

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was showing some modest strength Tuesday morning. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7299 or US$1=C$1.3701, which compares with Monday’s close of US$0.7291 or US$1=C$1.3715. The firmer tone in the currency came despite losses in crude oil, as tensions in the

  By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger for the fourth-straight session on Monday, continuing to correct after hitting its weakest level in five-months relative to its United States counterpart last week. The Canadian dollar settled at US$0.7291 or US$1=C$1.3715 on Monday, which compares with Friday’s close of US$0.7274

  By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was holding relatively steady Monday morning. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7275 or US$1=C$1.3746, which compares with Friday’s close of US$0.7274 or US$1=C$1.3748. Canada’s Industrial Product Price Index was up by 0.8 per cent in March compared to