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Oct. 23, 2024 at 9:13 am CDT

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The […]

Oct. 22, 2024 at 3:53 pm CDT

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of […]

Oct. 22, 2024 at 8:41 am CDT

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Tuesday morning. At 8:35 a.m. CDT the Canadian dollar was trading at US$0.7237 or US$1=C$1.3818 which compares with Monday’s close of US$0.7228 or US$1=C$1.3835. Canada’s Industrial Product Price Index was down by 0.6 per cent in September compared to […]

Oct. 21, 2024 at 3:58 pm CDT

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of the Bank of Canada’s next interest rate decision later in the week. The Canadian dollar settled at US$0.7228 or US$1=C$1.3835 on Monday, which compares with Friday’s close of US$0.7245 or US$1=C$1.3802. […]

Oct. 21, 2024 at 8:52 am CDT

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Monday morning as currency traders await the latest interest rate decision from the Bank of Canada later in the week. Many investors now anticipate a 50-basis-point cut to the central bank’s overnight rate on […]