Archives

Mar. 11, 2024 at 3:48 pm CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Monday as currency traders adjusted positions ahead of updated inflation data from the United States set for release on Tuesday. The Canadian dollar settled at US$0.7412 or US$1=C$1.3491 on Monday, which compares with Friday’s close […]

Mar. 11, 2024 at 9:25 am CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency. At 9:05 a.m. CDT the Canadian dollar was trading at US$0.7403 or US$1=C$1.3501, which compares with Friday’s close of US$0.7423 or US$1=C$1.3471. Inflation data […]

Mar. 8, 2024 at 3:32 pm CST

Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday to end the week. The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada (StatCan) reported earlier today that while the country added 41,000 jobs in February, the unemployment rate rose to […]

Mar. 8, 2024 at 8:54 am CST

Glacier FarmMedia MarketsFarm – The Canadian dollar continued to rise on Friday morning, coinciding with the release of new Canadian employment data. The loonie was at US$0.7433 or US$1=C$1.3454 as of 8:31 a.m. CST, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported this morning that while Canada added […]

Mar. 7, 2024 at 3:33 pm CST

Glacier FarmMedia MarketsFarm – The Canadian dollar made a jump to go over 74 United States cents on Thursday. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7392 or US$1=C$1.3528 on Wednesday. The Bank of Canada (BoC) announced on Wednesday it will leave its key interest rate unchanged at five […]