Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar gained some ground on Monday, due to upticks in global and domestic oil prices. With the loonie’s close yet to be finalized by the Bank of Canada, the currency was at US$0.7582 or US$1=C$1.3190, compared to Friday’s finish of US$0.7557 or US$1=C$1.3232. On the […] Read more
Canadian Financial Close: Boost in crude prices pushes up loonie
Lower global, Canadian crude output
Canadian Dollar and Business Outlook: Oil underpinning loonie
Global demand for crude to hit record highs
Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was on the rise Monday morning, gleaning support from upticks in global crude oil prices, but stymied by slight gains in the United States dollar. As of 8:44 am CDT, the loonie was at US$0.7581 or C$1.3186, compared to Friday’s close of US$0.7557 or US$1=C$1.3232. […] Read more
Canadian Financial Close: Loonie dips despite support
Greenback slips, crude oil bumps up
Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar eased back on Friday, despite a slightly weaker United States dollar and small increases in crude oil prices. The loonie closed at US$0.7557 or US$1=C$1.3232, compared to Thursday’s finish of US$0.7575 or US$1=C$1.3240. On the U.S. Dollar Index the greenback slipped 0.119 of a […] Read more
Canadian Dollar and Business Outlook: Loonie slips back
StatCan issues Q2 report
Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar move lower on Friday morning, pressured by small declines in global crude oil prices. However, the pull back was limited by a slight drop in the United States dollar and good economic news from Statistics Canada As of 8:36 am CDT, the loonie was at […] Read more
Canadian Financial Close: Loonie, crude oil advance
Reading Time: < 1 minute WINNIPEG – The Canadian dollar was slightly stronger against the United States dollar on Thursday. The loonie closed at US$0.7575 or US$1=C$1.3201, compared to US$0.7564 or US$1=C$1.3220 on Wednesday. The U.S. Dollar Index was up 0.93 of a point at 101.81. The U.S. Federal Reserve announced on Wednesday it will raise key interest rates by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil move upward
Reading Time: < 1 minute WINNIPEG – The Canadian dollar advanced on Thursday morning with help from rising crude oil prices. The loonie was at US$0.7579 or US$1=C$1.3194, up from US$0.7564 or US$1=C$1.3220 on Wednesday. The United States Dollar Index added 0.74 points to 101.63, the day after the U.S. Federal Reserve raised its key interest rates by 25 points […] Read more
Canadian Financial Close: Loonie forgoes about two-tenths of a cent
U.S. Fed ups its interest rates
Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar retreated on Wednesday, due to declines in crude oil prices but losses were cushioned by a weaker United States dollar. The loonie closed at US$0.7564 or US$1=C$1.3220, compared to Tuesday’s finish of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index the greenback pulled back […] Read more
Canadian Dollar and Business Outlook: Loonie lower with dip in crude oil
Declines in U.S. greenback limit loonie's losses
Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was pulling back on Wednesday morning, due to declines in global crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7563 or C$1.3214, compared to Tuesday’s close of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index, the greenback slipped 0.146 of a […] Read more
Canadian Financial Close: Loonie down, crude oil up
Reading Time: < 1 minute WINNIPEG – The Canadian dollar was slightly weaker against the United States dollar on Tuesday. The loonie closed at US$0.7585 or US$1=C$1.3184, compared to US$0.7592 or US$1=C$1.3172 on Monday. The U.S. Dollar Index was down 0.07 of a point at 101.28. Crude oil made gains due to upcoming economic measures to be implemented by China […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil ease off
Reading Time: < 1 minute WINNIPEG – The Canadian dollar took a step away from the 76 United States cent mark on Tuesday morning. The loonie was at US$0.7575 or US$1=C$1.3201, down from US$0.7592 or US$1=C$1.3172 on Monday. The United States Dollar Index gained 0.22 points to 101.57. Crude oil showed small declines despite tighter supply and China’s plans to […] Read more