Canadian Dollar and Business Outlook: Loonie makes some headway

Crude oil, greenback gain a little bit of ground

By MarketsFarm WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar was a pinch higher on Monday morning, due to gains in global crude oil prices, but a somewhat stronger United States dollar stymied further upticks. As of 8:36 am CDT, the loonie was at US$0.7575 or C$1.3201, compared to Friday’s close of US$0.7569 or US$1=C$1.3212. […] Read more

Canadian Financial Close: C$ softer to end week

WINNIPEG – The Canadian dollar edged lower relative to its United States counterpart on Friday, as the latest retail sales data failed to live up to expectations. The Canadian dollar settled at US$0.7569 or US$1=C$1.3212 on Friday, which compares with Thursday’s close of US$0.7592 or US$1=C$1.3171. Retail sales in Canada were up by 0.2 per […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, as retail sales data failed to live up to expectations. At 8:32 a.m. CDT Friday morning the Canadian dollar was at US$0.7573 or US$1=C$1.3205, which compares with Thursday’s close of US$0.7592 or US$1=C$1.3171. Retail sales in Canada were up […] Read more

Canadian Financial Close: C$ steady

By MarketsFarm   WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction. The Canadian dollar settled at US$0.7592 or US$1=C$1.3171 on Thursday, which compares with Wednesday’s close of US$0.7593 or US$1=C$1.3170. The number of Canadians receiving employment benefits increased by 2.5 per cent in May to hit 399,000, […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning. At 8:49 a.m. CDT Thursday morning the Canadian dollar was at US$0.7603 or US$1=C$1.3153, which compares with Wednesday’s close of US$0.7593 or US$1=C$1.3170. The number of Canadians receiving employment benefits increased by 2.5 per cent in May to hit […] Read more

Canadian Financial Close: C$ strengthens

By MarketsFarm   WINNIPEG, July 19 (MarketsFarm) – The Canadian dollar edged higher relative to its United States counterpart on Wednesday, although a downturn in crude oil tempered the upside in the energy-linked currency. The Canadian dollar settled at US$0.7593 or US$1=C$1.3170 on Wednesday, which compares with Tuesday’s close of US$0.7582 or US$1=C$1.3190. Investment in […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, July 19 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, as gains in crude oil and equity markets provided some support. At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7593 or US$1=C$1.3170, which compares with Tuesday’s close of US$0.7582 or US$1=C$1.3190. Investment in building construction in […] Read more

Canadian Financial Close: C$ holds steady

By MarketsFarm   WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar settled near unchanged on Tuesday, with updated inflation data doing little to move the market. The Canadian dollar settled at US$0.7582 or US$1=C$1.3190 on Tuesday, which compares with Monday’s close of US$0.7583 or US$1=C$1.3187. Canada’s consumer price index was up by 2.8 per cent […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning, as currency traders reacted to the country’s latest inflation data. At 8:40 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7563 or US$1=C$1.3222, which compares with Monday’s close of US$0.7583 or US$1=C$1.3187. Canada’s consumer price index was up […] Read more

Canadian Financial Close: C$ steady

By MarketsFarm   WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar held within a narrow range on Monday, seeing some consolidation after retreating from nearby highs on Friday. The Canadian dollar settled at US$0.7583 or US$1=C$1.3187 on Monday, which compares with Friday’s close of US$0.7586 or US$1=C$1.3183. Foreign investment in Canadian securities came in at […] Read more