Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar made its way higher on Tuesday morning. The loonie was at US$0.7252 or US$1=C$1.3789 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7240 or US$1=C$1.3813. The United States Dollar Index dropped 0.37 of a point at 99.46. Bargain buying after prices fell to their lowest […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
Canadian Financial Close: Loonie eases off, crude oil retreats
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back to start the week. The loonie closed at US$0.7240 or US$1=C$1.3813 on Monday, compared to US$0.7246 or US$1=C$1.3800 on Friday. The United States Dollar Index was down 0.25 of a point at 99.78. OPEC+’s decision to raise crude oil output by 411,000 barrels […] Read more
Canadian Dollar and Business Outlook: Loonie steady, crude oil eases off
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar stayed relatively steady coming out of the weekend despite an ongoing decline in crude oil prices. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:35 a.m. CDT, compared to Friday’s close at US$0.7246 or US$1=C$1.3800. The United States Dollar Index dropped below the 100-point mark, losing […] Read more
Canadian Financial Close: Loonie higher after Carney confirms Trump meeting
PM says talks likely to be 'difficult, but constructive'
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar closed the week on a high note Friday by adding nearly two-tenths of a cent. The loonie finished at US$0.7246 or US$1=C$1.3800, compared to Thursday’s close of US$0.7228 or US$1=C$1.3836. On the U.S. Dollar Index, the greenback lost 0.204 of a point at […] Read more
Canadian Dollar and Business Outlook: Loonie strengthens
Greenback takes another hit
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Friday morning due to a weaker United States dollar. As of 8:38 am CDT, the loonie was at US$0.7257 or US$1=C$1.3778 compared to Thursday’s close of US$0.7228 or US$1=C$1.3836. On the U.S. Dollar Index, the greenback lost 0.619 of a point at […] Read more
Canadian Financial Close: Sharp gains in U.S. dollar weigh on loonie
High crude oil caps loonie's decline
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Thursday in the face of a stronger United States dollar. Increases in crude oil stemmed the loonie’s decline. The Canadian dollar closed Thursday at US$0.7228 or US$1=C$1.3836, compared to Wednesday’s finish of US$0.7240 or US$1=C$1.3812. On the U.S. Dollar Index, […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Greenback stronger, crude lower
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning held in check by a stronger United States dollar and declines in crude oil. As of 8:37 am CDT, the loonie was at US$0.7243 or US$1=C$1.3808 compared to Wednesday’s close of US$0.7242 or US$1=C$1.3809. On the United States Dollar […] Read more
Canadian Financial Close: Loonie fights off pressure to rise higher
Economy shrinks in February
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar added nearly two-tenths of a cent on Wednesday, despite news Canada’s economy contracted in February. The loonie closed Wednesday at US$0.7240 or US$1=C$1.3812, compared to Tuesday’s finish of US$0.7222 or US$1=C$1.3847. On the United States Dollar Index, the greenback rose 0.457 of a […] Read more
Canadian Dollar and Business Outlook: Loonie nudges upward
Canada's real GDP slides 0.2 per cent
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar bumped up on Wednesday morning despite a decline in Canada’s gross domestic product in February. As of 8:33 am CDT, the loonie was at US$0.7229 or US$1=C$1.3834 compared to Tuesday’s close of US$0.7222 or US$1=C$1.3847. On the United States Dollar Index, the greenback added 0.232 […] Read more
Canadian Financial Close: Loonie closes virtually unchanged
Pressure from greenback, crude oil
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Tuesday despite pressure from gains in the United States dollar and losses in crude oil. Those were countered by the Liberal win in last night’s federal election with the party poised to take 169 seats, three short of a majority. […] Read more