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Mar. 4, 2024 at 3:38 pm CST

Glacier FarmMedia MarketsFarm – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7368 or US$1=C$1.3572, compared to US$0.7372 or US$1=C$1.3564 on Friday. The Bank of Canada (BoC) is expected to hold its key interest rate steady when making its policy announcement on Wednesday. Finance Minister […]

Mar. 4, 2024 at 8:49 am CST

Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Monday morning. The loonie was at US$0.7372 or US$1=C$1.3564 as of 8:32 a.m. CST, the same as Friday’s close. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many analysts expecting rate cuts to […]

Mar. 1, 2024 at 3:53 pm CST

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held within a narrow range on Friday, with positioning ahead of next week’s Bank of Canada interest rate decision a feature. It’s generally expected that the Bank will hold rates steady next week, but signs of future moves will […]

Mar. 1, 2024 at 8:43 am CST

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Friday morning, despite support from global crude oil prices. As of 8:40 am CST, the loonie was at US$0.7358 or US$1=C$1.3589 compared to Thursday’s close of US$0.7369 or C$1.3570. On the U.S. Dollar Index, the greenback […]

Feb. 29, 2024 at 3:36 pm CST

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday, despite a higher United States dollar and decreases in crude oil. The Canadian dollar closed at US$0.7369 or US$1=C$1.3570, compared to Wednesday’s finish of US$0.7367 or US$1=C$1.3574. On the U.S. Dollar Index, the greenback […]