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Currency Markets

Canadian Financial Close: C$ steady to end week

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Reading Time: < 1 minute 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 be followed closely with many […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie gives up a little bit of ground

No support from higher crude oil prices

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Reading Time: < 1 minute 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 was virtually unchanged at 104.100. […] Read more
Currency Markets

Canadian Financial Close: Loonie holds firm

StatCan report holds off pressure

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Reading Time: < 1 minute 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 tacked on 0.166 of a […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie holding firm

StatCan says economy grew one per cent in Q4

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning, following the Statistics Canada report that the country’s annualized rate of economic growth for the fourth quarter was one per cent. As of 8:37 am CST, the loonie was at US$0.7370 or US$1=C$1.3567 compared to Wednesday’s close of […] Read more
Currency Markets

Canadian Financial Close: More declines for loonie

Pressure from upticks in greenback

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar lost nearly three-tenths of a cent on Wednesday, as the United States dollar nudged upward while crude oil eased back. The Canadian dollar closed at US$0.7367 or US$1=C$1.3574, compared to Tuesday’s finish of US$0.7396 or US$1=C$1.3521. On the U.S. Dollar Index, the greenback added […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie lower with slightly stronger greenback

Gains in crude held by by growing U.S. stockpiles

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was pulling back on Wednesday morning, getting pressure from gains in the United States dollar. As of 8:37 am CST, the loonie was at US$0.7369 or US$1=C$1.3573 compared to Tuesday’s close of US$0.7396 or C$1.3521. On the U.S. Dollar Index, the greenback added 0.151 […] Read more
Currency Markets

Canadian Financial Close: Loonie barely budges

Gains in crude not enough to raise loonie

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady, as with other markets on Tuesday. The Canadian dollar closed at US$0.7396 or US$1=C$1.3521, compared to Monday’s finish of US$0.7399 or US$1=C$1.3515. On the U.S. Dollar Index, the greenback dipped 0.011 of a point at 103.740. Benchmark crude oil prices were […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie virtually unchanged

Little movement as well in US$, crude oil

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was holding firm on Tuesday morning, seeing a very small uptick. As of 8:37 am CST, the loonie was at US$0.7402 or US$1=C$1.3511 compared to Monday’s close of US$0.7399 or C$1.3515. On the U.S. Dollar Index, the greenback was standing pat with a dip […] Read more
Currency Markets

Canadian Financial Close: Loonie dips below 74 U.S. cents

Canadian businesses expecting tougher times in first quarter

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Monday, despite declines in the United States dollar and upticks in crude oil prices. The Canadian dollar closed at US$0.7399 or US$1=C$1.3515, compared to Friday’s finish of US$0.7411 or US$1=C$1.3494. On the U.S. Dollar Index, the greenback slipped 0.154 of a […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie eases back

Seeking direction as to which way to go

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar drifted lower on Monday morning, as its United States counterpart and global crude oil prices provided little direction. As of 8:34 am CST, the loonie was at US$0.7398 or US$1=C$1.3514 compared to Friday’s close of US$0.7411 or C$1.3494. On the U.S. Dollar Index, the […] Read more

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