Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped Tuesday morning, as business resumed in all parts of the country after some provinces observed the National Day for Truth and Reconciliation. As of 8:34 am CDT, the loonie was at US$0.7400 or US$1=C$1.3512 compared to Friday’s close of US$0.7408 or US$1=C$1.3499. On the […] Read more
Canadian Dollar and Business Outlook: Loonie inches lower
Crude eases back despite rising Middle East tensions
Canadian Financial Close: Loonie down, crude oil recovers
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Friday, but remained above the 74 United States cent mark. The loonie was at US$0.7408 or US$1=C$1.3499, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported today the country’s real gross domestic product grew by 0.2 per cent in July, while also giving a preliminary […] Read more
Canadian Dollar and Business Outlook: Canada’s real GDP increases in July
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Friday morning. The loonie was at US$0.7422 or US$1=C$1.3473 as of 8:31 a.m. CDT, the same as the Bank of Canada closing rate on Thursday. Statistics Canada (StatCan) reported today that Canada’s real gross domestic product grew by 0.2 per cent in July. The retail trade […] Read more
Canadian Financial Close: Loonie down, crude oil drops
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar slipped a little on Thursday. The loonie was at US$0.7422 or US$1=C$1.3474, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index declined 0.34 of a point at 100.57. Crude oil fell once again on Thursday after Saudi Arabia announced it will increase output and abandon its […] Read more
Canadian Dollar and Business Outlook: Crude oil tumbles after Saudi announcement
Reading Time: < 1 minute The Canadian dollar eased off slightly Thursday morning. The loonie was at US$0.7423 or US$1=C$1.3472 as of 8:34 a.m. CDT, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index was virtually unchanged at 100.90. Crude oil continued its roller coaster of a week after Saudi Arabia announced today it plans on raising […] Read more
Canadian Financial Close: Loonie up, crude oil falls
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar made a small step upwards on Wednesday. The loonie was at US$0.7428 or US$1=C$1.3462, compared to US$0.7425 or US$1=C$1.3468 on Tuesday. The United States Dollar Index jumped 0.51 of a point at 100.97. Crude oil fell on Wednesday on signs supply disruptions in Libya were easing. West Texas Intermediate […] Read more
Canadian Dollar and Business Outlook: Loonie pushes higher
Crude oil slips on skepticism towards China
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar climbed higher Wednesday morning as its United States counterpart sagged. However, increases were checked by small declines in crude oil. As of 9:03 am CDT, the loonie was at US$0.7439 or US$1=C$1.3444 compared to Tuesday’s close of US$0.7425 or US$1=C$1.3468. On the U.S. Dollar Index, […] Read more
Canadian Financial Close: Loonie rises further
Greenback down, crude oil up
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar climbed further above the 74 U.S. cent-mark on Tuesday, gleaning strength from a weaker United States dollar and increases in crude oil. The loonie closed at US$0.7425 or US$1=C$1.3468, compared to Monday’s finish of US$0.7402 or US$1=C$1.3510. On the U.S. Dollar Index, the greenback lost […] Read more
Canadian Dollar and Business Outlook: Loonie up, crude oil surges
Reading Time: < 1 minute The Canadian dollar continued its rise on Tuesday. The loonie was at US$0.7412 or US$1=C$1.3492 as of 8:34 a.m. CDT, compared to US$0.7402 or US$1=C$1.3510 on Monday. The United States Dollar Index was down 0.12 of a point at 100.73. Crude oil rallied after China announced an economic stimulus package that includes a 50 basis […] Read more
Canadian Financial Close: Loonie moving upwards, crude oil weaker
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar moved above the 74 United States cent mark on Monday. The loonie was at US$0.7402 or US$1=C$1.3510, compared to US$0.7372 or US$1=C$1.3565 on Friday. The U.S. Dollar Index was up 0.14 of a point at 100.86. Crude oil was down on Monday after Iranian president Masoud Pezeshkian told […] Read more