Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was attempting to regain some lost strength on Thursday morning. As of 8:38 am CDT, the loonie was at US$0.7196 or US$1=C$1.3897 compared to Wednesday’s close of US$0.7186 or US$1=C$1.3915. On the U.S. Dollar Index, the greenback dipped 0.022 of a point at 103.840. Statistics […] Read more
Canadian Dollar and Business Outlook: Loonie trying to turn the corner
StatCan issues third quarter GDP report
Canadian Financial Close: Loonie’s slide tries to level out
Central bank differences leads to lowest levels in four years
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was relatively steady on Wednesday as it remained at levels unseen since 2020. The loonie closed at US$0.7186 or US$1=C$1.3915, compared to Tuesday’s finish of US$0.7189 or US$1=C$1.3911. On the United States Dollar Index, the greenback gave up 0.246 of a point at […] Read more
Canadian Dollar and Business Outlook: Loonie peeling back further
But little movement in greenback
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar continued its retreat on Wednesday morning despite little movement in its United States counterpart. As of 8:37 am CDT, the loonie was at US$0.7178 or US$1=C$1.3931 compared to Tuesday’s close of US$0.7189 or US$1=C$1.3911. On the U.S. Dollar Index, the greenback nudged up 0.024 of […] Read more
Canadian Financial Close: Loonie takes another step back
Gains in crude oil evaporate
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped further back on Tuesday as crude oil gave up its increases. The loonie closed at US$0.7189 or US$1=C$1.3911, compared to Monday’s finish of US$0.7197 or US$1=C$1.3895. On the U.S. Dollar Index, the greenback dipped 0.013 of a point at 104.170. Earlier gains […] Read more
Canadian Dollar and Business Outlook: Loonie eases back
Crude up after worst losses in two years
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped Tuesday morning due to gains in its United States counterpart. As of 8:34 am CDT, the loonie was at US$0.7190 or US$1=C$1.3907 compared to Monday’s close of US$0.7197 or US$1=C$1.3895. On the U.S. Dollar Index, the greenback rose 0.287 of a point at 104.440. […] Read more
Canadian Financial Close: Weaker crude pulls loonie down
Slipping below 72 U.S. cents
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished below 72 United States on Monday, due to sharp declines in crude oil. The loonie closed at US$0.7197 or US$1=C$1.3895, compared to Friday’s finish of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback nudged up 0.028 of a point at […] Read more
Canadian Dollar and Business Outlook: Loonie slips under 72 U.S. cents
Crude oil falls with ceasefire hopes
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was lower on Monday morning, due to sharp losses in crude oil. As of 8:34 am CDT, the loonie was at US$0.7198 or US$1=C$1.3892 compared to Friday’s close of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback shed 0.057 of a point at […] Read more
Canadian Financial Close: Canola tumbles, crude oil stronger
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar dropped to its lowest level in nearly a year on Friday. The loonie was at US$0.7209 or US$1=C$1.3872, compared to US$0.7223 or US$1=C$1.3845 on Thursday. The last time the Canadian dollar closed this low was on Nov. 1, 2023. The United States Dollar Index was up 0.22 of […] Read more
Canadian Dollar and Business Outlook: Little movement in loonie
Greenback holding firm
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, due to a firm United States dollar and modest upticks in crude oil. As of 8:44 am CDT, the loonie was at US$0.7220 or US$1=C$1.3851 compared to Thursday’s close of US$0.7223 or US$1=C$1.3845. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: Loonie stays mostly steady
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday. The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday. The United States Dollar Index was down 0.40 of […] Read more