Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar eased off on Friday morning as the Labour Day weekend approaches. Markets in Canada and the U.S. will not trade on Monday due to Labour Day. The loonie was at US$0.7412 or US$1=C$1.3492 as of 8:31 a.m. CDT, compared to US$0.7422 or US$1=C$1.3474 on Thursday. The United States Dollar […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil drops
Canadian Financial Close: Loonie stays put, crude oil rises
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar closed virtually unchanged on Thursday, with pressure from gains in the United States dollar and support from increases in crude oil countering each other. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7423 or US$1=C$1.3471 on Wednesday. Meanwhile, the United States Dollar Index was up 0.29 of a […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil on the rise
Reading Time: < 1 minute The Canadian dollar was easing back again on Thursday morning. The loonie was at US$0.7417 or US$1=C$1.3483 as of 8:31 a.m. CDT, compared to US$0.7423 or US$1=C$1.3472 on Wednesday. The United States Dollar Index increased 0.29 of a point at 101.38. U.S. economic growth, fewer stockpiles and a partial halt in Libyan production caused crude […] Read more
Canadian Financial Close: Loonie, crude oil prices decline
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar saw its first decline in six days on Wednesday. The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7429 or US$1=C$1.3460 on Tuesday. Meanwhile, the United States Dollar Index was up 0.59 of a point at 101.15. Crude oil prices continued to fade on Wednesday. West Texas Intermediate […] Read more
Canadian Dollar and Business Outlook: Loonie reverses direction
Reading Time: < 1 minute The Canadian dollar was slightly lower on Wednesday morning after a recent show of strength compared to the United States greenback. The loonie was at US$0.7420 or US$1=C$1.3478 as of 8:47 a.m. CDT, compared to US$0.7429 or US$1=C$1.3460 on Tuesday. The U.S. Dollar Index jumped 0.56 of a point at 101.11. Crude oil prices continued […] Read more
Canadian Financial Close: Loonie moves up, crude oil comes down
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar rose again on Tuesday, reaching its highest level since February. The loonie closed at US$0.7429 or US$1=C$1.3460, compared to US$0.7418 or US$1=C$1.3481 on Monday. Meanwhile, the United States Dollar Index was down 0.29 of a point at 100.56. Crude oil prices nearly erased its gains from Monday. West Texas […] Read more
Canadian Dollar and Business Outlook: Loonie up, markets down
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was up slightly on Tuesday morning, staying above the 74 United States cent mark. The loonie was at US$0.7424 or US$1=C$1.3470 as of 8:37 a.m. CDT, compared to US$0.7418 or US$1=C$1.3481 on Monday. The United States Dollar Index was up 0.01 of a point at 100.86. After substantial gains […] Read more
Canadian Financial Close: Loonie hits highest point in five months
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar reached its highest value since March on Monday. The loonie closed at US$0.7418 or US$1=C$1.3481, compared to US$0.7392 or US$1=C$1.3529 on Friday. Meanwhile, the United States Dollar Index is up 0.17 of a point at 100.89. Crude oil prices jumped after Iranian militant group Hezbollah launched rockets at […] Read more
Canadian Dollar and Business Outlook: Loonie hits five-month high
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar surpassed the 74 United States cent mark on Monday morning for the first time since April. The loonie was at US$0.7413 or US$1=C$1.3490 as of 8:36 a.m. CDT, compared to US$0.7392 or US$1=C$1.3529 on Friday. The United States Dollar Index was up 0.10 of a point at 100.82. […] Read more
Canadian Financial Close: Powell’s comments generates more strength for loonie
Greenback falls hard and crude rises
Reading Time: < 1 minute Canadian Financial Close: Powell’s comments generates more strength for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was stronger on Friday due to a sharp loss in the United States dollar and increases in crude oil. The loonie closed at US$0.7392 or US$1=C$1.3529, compared to Thursday’s finish of US$0.7352 or US$1=C$1.3602. […] Read more