Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar regained some strength on Wednesday. The loonie was at US$0.7314 or US$1=C$1.3672 as of 8:58 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Tuesday. The United States Dollar Index lost 0.60 of a point at 103.67 due to a sharp rally in the Japanese yen. Crude oil prices rebounded […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil bounce back
Canadian Dollar and Business Outlook: Loonie lower, crude oil drops
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar showed some weakness on Tuesday. The loonie was at US$0.7309 or US$1=C$1.3682 as of 8:35 a.m. CDT, compared to US$0.7319 or US$1=C$1.3664 on Monday. Statistics Canada reported on Tuesday that the country’s annual inflation rate fell to 2.7 per cent in June, mainly due to slower growth in gasoline […] Read more
Canadian Financial Close: Loonie falls back to start week
Reading Time: < 1 minute The Canadian dollar took a small drop on Monday. The loonie closed at US$0.7319 or US$1=C$1.3664, compared to US$0.7338 or US$1=C$1.3628 on Friday. The United States Dollar Index increased 0.11 of a point at 104.20. Crude oil prices were lower as demand weakened after the Independence Day holiday in the U.S., as well as the […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Monday morning amid general global economic uncertainty. At 8:45 a.m. CDT the Canadian dollar was trading at US$0.7319 or US$1=C$1.3663, which compares with Friday’s close of US$0.7338 or US$1=C$1.3628. Canadian manufacturing sales rose by 0.4 per cent in May, hitting C$71.4 billion, according […] Read more
Canadian Financial Close: TSX reaches all-time high close
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar made little change on Friday. The loonie closed at US$0.7338 or US$1=C$1.3628, compared to US$0.7340 or US$1=C$1.3624 on Thursday. The United States Dollar Index dropped 0.35 of a point at 104.09. Crude oil prices were lower after a day of volatile trading. Brent crude oil declined US$0.32 at US$85.08 […] Read more
Canadian Dollar and Business Outlook: Crude oil jumps, TSX reaches new levels
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar moved very little on Friday morning. The loonie was at US$0.7342 or US$1=C$1.3620 as of 8:36 a.m. CDT, compared to US$0.7340 or US$1=C$1.3624 on Thursday. The United States Dollar Index declined 0.26 of a point at 104.18. Crude oil prices were higher on signs of increased demand and speculation […] Read more
Canadian Financial Close: Loonie steady, crude oil rises
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar stayed still for the most part on Thursday. The loonie closed at US$0.7340 or US$1=C$1.3624, compared to US$0.7342 or US$1=C$1.3620 on Wednesday. The United States Dollar Index dropped 0.59 of a point at 104.46. Inflation in the U.S. dropped to an annualized rate three per cent in June from […] Read more
Canadian Dollar and Business Outlook: Loonie stronger, crude oil weaker
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar was on the rise on Thursday. The loonie was at US$0.7351 or US$1=C$1.3604 as of 8:30 a.m. CDT, compared to US$0.7342 or US$1=C$1.3620 on Wednesday. The United States Dollar Index fell 0.85 of a point at 104.20. Crude oil prices were slightly lower despite a drawdown in United States […] Read more
Canadian Financial Close: Crude oil, stocks on the rise
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar regained some strength on Wednesday. The loonie closed at US$0.7342 or US$1=C$1.3620, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. The United States Dollar Index was down 0.11 of a point at 105.02. Crude oil prices were higher after a drawdown of United States stockpiles and after OPEC+ maintained […] Read more
Canadian Dollar and Business Outlook: Loonie moves up, crude oil mixed
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The Canadian dollar made a small gain on Wednesday morning. The loonie was at US$0.7340 or US$1=C$1.3624 as of 8:33 a.m. CDT, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. The United States Dollar Index was down 0.05 of a point at 105.07. Crude oil prices were mixed as a drawdown in United […] Read more