Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar was stronger on Thursday morning, benefitting from a lower United States dollar and despite losses in crude oil. The U.S. markets are closed today for the Thanksgiving holiday. As of 8:35 am CST, the Canadian dollar was at US$0.7497 or C$1.3342, compared […] Read more
Canadian Dollar and Business Outlook: Loonie pushing towards 75 U.S. cents
Greenback giving up ground
Canadian Financial Close: Loonie barely budges
Greenback, crude oil effectively counter each other
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday as strength for the loonie from a weaker United States dollar was effectively countered by a round of sharp losses in crude oil. The loonie closed at US$0.7467 or US$1=C$1.3392, compared to Tuesday’s close of US$0.7465 or […] Read more
Canadian Dollar and Business Outlook: Loonie firm this morning
Greenback, crude oil counter each other
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning, balanced off by a weaker United States dollar providing support while declines in crude oil weighed on values. As of 8:36 am CST, the Canadian dollar was at US$0.7464 or C$1.3391, compared to Tuesday’s close of […] Read more
Canadian Financial Close: Loonie adds nearly a third of a cent
Oil higher on no OPEC+ production cuts
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar pushed higher on Tuesday aided by a weaker United States dollar and rising crude oil prices. The loonie closed at US$0.7465 or US$1=C$1.3396, compared to Monday’s close of US$0.7434 or US$1=C$1.3413. On the U.S. Dollar Index, the greenback lost 0.672 of a […] Read more
Canadian Dollar and Business Outlook: Loonie pushing higher
Crude on the rise, lending support
WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, gleaning support from stronger crude oil prices and a weaker United States dollar. As of 8:35 am CST, the Canadian dollar was at US$0.7454 or C$1.3410, compared to Monday’s close of US$0.7434 or C$1.3452. On the U.S. Dollar Index, the greenback stepped […] Read more
Canadian Financial Close: Loonie forgoes more than a third of a cent
Crude oil backs away from larger declines
WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar pulled back on Monday as the United States dollar gained strength and crude oil was lower. The loonie closed at US$0.7434 or US$1=C$1.3452, compared to Friday’s close of US$0.7471 or US$1=C$1.3385. On the U.S. Dollar Index, the greenback surged 0.899 of a point at 107.725. Benchmark crude […] Read more
Canadian Dollar and Business Outlook: Loonie starts new week losing ground
Greenback higher, crude oil lower
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar pulling back on Monday morning in the face of a stronger United States dollar and losses in crude oil prices. As of 8:35 am CST, the Canadian dollar was at US$0.7436 or C$1.3447, compared to Friday’s close of US$0.7471 or C$1.3385. On […] Read more
Canadian Financial Close: Loonie, crude oil lower to end week
WINNIPEG – The Canadian dollar moved further below the 75 United States cent mark on Friday. The loonie closed at US$0.7471 or US$1=C$1.3385, down from US$0.7491 or US$1=C$1.3350 on Thursday. The U.S. Dollar Index rose 0.28 of a point at 106.97. Crude oil prices dropped on Friday due to reduced global demand. Brent crude oil […] Read more
Canadian Dollar and Business Outlook: Crude oil falls due to lower demand
WINNIPEG – The Canadian dollar continued to drop as the week comes to a close. As of 8:38 a.m. CST, the loonie was at US$0.7470 or US$1=C$1.3387, down from US$0.7491 or US$1=C$1.3350 at Thursday’s close. The United States Dollar Index declined 0.03 of a point at 106.67. Crude oil prices fell on Friday due to […] Read more
Canadian Financial Close: Loonie eases off, crude oil falls
WINNIPEG – The Canadian dollar declined below the 75 United States cent mark on Thursday. The loonie closed at US$0.7491 or US$1=C$1.3350, down from US$0.7513 or US$1=C$1.3311 on Wednesday. The United States Dollar Index rose 0.36 of a point at 106.64. Crude oil prices tumbled on Thursday due to a reduced global demand outlook. Brent […] Read more