Canadian Dollar and Business Outlook: Pressure too much for loonie

Can no longer fend off stronger greenback, weaker crude oil

Reading Time: < 1 minute By MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar pulled back on Friday morning, due to continuing pressure from a rising United States dollar and declines in crude oil prices. As of 8:36 am CDT, the loonie was at US$0.7568 or C$1.3215, compared to Thursday’s close of US$0.7599 or US$1=C$1.3160. On the U.S. Dollar […] Read more

Canadian Financial Close: Loonie defies pressure to rise higher

Greenback up, crude oil tumbles

Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, June 22 (MarketsFarm) – Despite ample pressure, the Canadian dollar climbed up a little further on Thursday. Upticks in the United States dollar and sharp losses in crude oil tempered additional increases in the loonie. The Canadian dollar closed at US$0.7599 or US$1=C$1.3160, compared to Wednesday’s finish of US$0.7586 or US$1=C$1.3183. […] Read more


Canadian Dollar and Business Outlook: On the threshold of 76 U.S. cents

Loonie up despite lack of support

Reading Time: < 1 minute By MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar was a pinch below 76 United States cents on Thursday morning, despite gains in the U.S. currency and losses in crude oil. As of 8:33 am CDT, the loonie was at US$0.7594 or C$1.3165, compared to Wednesday’s close of US$0.7586 or US$1=C$1.3183. On the U.S. […] Read more

Canadian Financial Close: Loonie within striking distance of 76 U.S. cents

Greenback down, crude oil up

Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar added about a third of a cent on Wednesday, as its United States counterpart fell back, and crude oil pushed upward. The Canadian dollar closed at US$0.7586 or US$1=C$1.3183, compared to Tuesday’s finish of US$0.7552 or US$1=C$1.3241. Meanwhile, the greenback lost 0.465 of a […] Read more


Canadian Dollar and Business Outlook: Loonie advances despite a lack of support

Greenback, crude oil relatively steady

Reading Time: < 1 minute By MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning, despite slight pressure from its United States counterpart and no direction from crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7571 or C$1.3210, compared to Tuesday’s close of US$0.7552 or US$1=C$1.3241. On the U.S. Dollar Index, […] Read more

Canadian Financial Close: Loonie, crude oil in the red

Reading Time: < 1 minute WINNIPEG – While still near its highest levels in 2023, the Canadian dollar declined on Tuesday. The loonie closed at US$0.7552 or US$1=C$1.3241, compared to US$0.7572 or US$1=C$1.3206 on Monday. The United States Dollar Index added 0.04 of a point at 102.56. Most U.S. markets resumed trading after the Juneteenth holiday on Monday. Fears that […] Read more


Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, June 20 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning as losses in crude oil weighed on the energy-linked currency. At 9:12 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7549 or US$1=C$1.3247, which compares with Monday’s close of US$0.7572 or US$1=C$1.3206. The number of job vacancies in Canada […] Read more

Canadian Financial Close: Not much change in loonie

Greenback, crude oil essentially cancel out each other

Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, as the United States dollar added value while crude oil prices slipped. The Canadian dollar closed at US$0.7572 or US$1=C$1.3206, compared to Friday’s finish of US$0.7577 or US$1=C$1.3198. On the U.S. Dollar Index, the greenback gained 0.257 of a […] Read more


Canadian Dollar and Business Outlook: Loonie holding firm in light of pressure

U.S. dollar nudges up, crude oil dips

Reading Time: < 1 minute By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, with pressure from small upticks in the United States dollar and slight declines in crude oil prices. As of 8:34 am CDT, the loonie was at US$0.7581 or C$1.3189, compared to Friday’s close of US$0.7577 or US$1=C$1.3198. On the […] Read more