Reading Time: < 1 minute The Canadian dollar started 2025 by falling further below the 70 United States cents mark. The loonie closed at another multi-year low at US$0.6936 or US$1=C$1.4418 on Thursday, down from US$0.6950 or US$1=C$1.4389 on Tuesday. The Bank of Canada did not post a closing rate on Wednesday due to New Year’s Day. The U.S. Dollar […] Read more
Canadian Financial Close: Loonie falls to another low.
Canadian Dollar and Business Outlook: Loonie retreating on first day of trading in 2025
U.S. greenback adding more strength
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – As trading resumed on Thursday morning following New Year’s Day, the Canadian dollar stepped back as its United States counterpart continued to add strength. As of 8:41 am CST, the loonie was at US$0.6933 or US$1=C$1.4426 compared to Tuesday’s close of US$0.6950 or US$1=C$1.4389. On the U.S. Dollar […] Read more
Canadian Financial Close: Loonie eases back
Greenback, crude oil make gains
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dipped on Tuesday in the face of a stronger United States dollar, but declines were limited by upticks in crude oil. The political upheaval surrounding Prime Minister Justin Trudeau and his minority Liberal government has settled down for now, taking some pressure off […] Read more
Canadian Dollar and Business Outlook: Loonie dips slightly
Markets closed tomorrow for New Year's
Reading Time: < 1 minute The Canadian dollar was a pinch lower on Tuesday morning as advances in the United States dollar and crude oil almost balanced off each other. As of 8:37 am CST, the loonie was at US$0.6950 or US$1=C$1.4386 compared to Monday’s close of US$0.6955 or US$1=C$1.4379. On the U.S. Dollar Index, the greenback bumped up 0.127 […] Read more
Canadian Financial Close: Modest increase for loonie
Support from upticks in crude oil
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar climbed higher on Monday as gains in crude oil provided support, a slightly stronger United States dollar limited the increases. The loonie closed Monday at US$0.6955 or US$1=1.4379, compared to Friday’s finish of US$0.6937 or US$1=1.4416. On the U.S. Dollar Index, the greenback […] Read more
Canadian Dollar and Business Outlook: Loonie takes a dip
Increase in U.S. greenback adds more pressure
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Monday morning amid ongoing turmoil surrounding Prime Minister Justin Trudeau’s leadership. As of 8:44 am CST, the loonie was at US$0.6932 or US$1=C$1.4433 compared to Friday’s close of US$0.6937 or US$1=C$1.4416. On the U.S. Dollar Index, the greenback gained 0.328 of a […] Read more
Canadian Financial Close: Trudeau at heart of loonie’s losses
Slight movements n greenback, crude oil underpin loonie
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped on Friday due to ongoing concerns about Prime Minister Justin Trudeau’s leadership. Trading in the loonie resumed today following Christmas and Boxing Day. The loonie closed Friday at US$0.6937 or US$1=1.4416, compared to Tuesday’s finish of US$0.6951 or US$1=1.4386. On the U.S. […] Read more
Canadian Dollar and Business Outlook: Loonie eases back
Trading resumes following Christmas and Boxing Day
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was a pinch lower on Friday morning as trading in the currency resumed following Christmas and Boxing Day. As of 8:36 am CST, the loonie was at US$0.6943 or US$1=C$1.4403 compared to Tuesday’s close of US$0.6951 or US$1=C$1.4386. On the U.S. Dollar Index, the greenback […] Read more
Canadian Financial Close: Loonie drops as holidays approach
Reading Time: < 1 minute The Canadian dollar fell to another multi-year low on Monday. The loonie closed at US$0.6947 or US$1=C$1.4395, compared to US$0.6961 or US$1=C$1.4365 on Friday. The United States Dollar Index gained 0.46 of a point at 108.08, approaching the high mark for 2024. Crude oil was steady to lower on Monday despite a stronger U.S. dollar. […] Read more
Canadian Dollar and Business Outlook: Loonie starts week in the red
Reading Time: < 1 minute The Canadian dollar resumed its ongoing decline on Monday morning. The loonie was at US$0.6935 or US$1=C$1.4420 as of 8:38 a.m. CST, compared to US$0.6961 or US$1=C$1.4365 on Friday. The Canadian markets will be closed Christmas and Boxing Day, while those in the U.S. will close only for Dec. 25. The United States Dollar Index […] Read more