WINNIPEG – The Canadian dollar dropped below the 76 United States cent mark after the Bank of Canada (BoC) increased its key interest rate earlier today. The loonie closed at US$0.7596 or US$1=C$1.3164, down from US$0.7611 or US$1=C$1.3139 on Tuesday. For the fifth consecutive meeting, the BoC raised its key interest rate to tackle inflation, […] Read more
Canadian Financial Close: Crude oil tumbles, BoC raises rate
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Sep. 7 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning as losses in crude oil weighed on the currency ahead of a Bank of Canada interest rate announcement. At 8:37 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7570 or US$1=C$1.3210, which compares with Tuesday’s close of US$0.7611 or US$1=C$1.3139. […] Read more
Canadian Financial Close: Loonie down prior to BoC announcement
WINNIPEG – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada (BoC) is expected to announce its latest key interest rate hike. The loonie closed at US$0.7611 or US$1=C$1.3139, down from US$0.7621 or US$1=C$1.3121 on Friday. The BoC did not publish an exchange rate on Monday due […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Sep. 6 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning with positioning ahead of an upcoming Bank of Canada interest rate decision behind much of the activity. At 8:35 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7620 or US$1=C$1.3123, which compares with Friday’s close of US$0.7621 or […] Read more
Canadian Financial Close: Loonie, crude oil higher to start long weekend
WINNIPEG – The Canadian dollar bounced back up on Friday after hitting a 22-month low the day before. The loonie closed at US$0.7621 or US$1=C$1.3121, up from US$0.7595 or US$1=C$1.3196 on Thursday, ending a week-long downturn. The U.S. Dollar Index declined 0.08 of a point to 109.61. Crude oil prices entered the Labour Day weekend […] Read more
Canadian Dollar and Business Outlook: Loonie back over 76 U.S. cents
Greenback steps away from new highs
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 2 (MarketsFarm) – The Canadian dollar was higher on Friday morning, as the United States dollar shed some of its strength and global crude oil prices are on the rise. As of 8:34 am CDT, the Canadian dollar was at US$0.7620 or C$1.3124, compared to Thursday’s close of […] Read more
Canadian Financial Close: Loonie, crude oil tumble
WINNIPEG – The Canadian dollar hit a new low for the calendar year due to a stronger United States greenback and declines in crude oil prices. The loonie closed at US$0.7595 or US$1=C$1.3166, down from US$0.7627 or US$1=C$1.3111 on Wednesday. This is the first time the Canadian dollar closed below 76 United States cents since […] Read more
Canadian Dollar and Business Outlook: Loonie losing strength to greenback
U.S. dollar approaching year high
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 1 (MarketsFarm) – The Canadian dollar was weaker on Thursday morning, as the United States dollar gained more strength and crude oil prices retreated further. As of 8:39 am CDT, the Canadian dollar was at US$0.7591 or C$1.3171, compared to Wednesday’s close of US$0.7627 or C$1.3111. On the […] Read more
Canadian Financial Close: Canada’s GDP grows in second quarter
WINNIPEG – The Canadian dollar declined on Wednesday after the release of economic news from Statistics Canada (StatCan). The loonie closed at US$0.7627 or US$1=C$1.3111, down from US$0.7648 or US$1=C$1.3076 on Tuesday. The central data agency reported on Wednesday that Canada’s economy grew by an annual rate of 3.3 per cent in July, lower than […] Read more
Canadian Dollar and Business Outlook: Loonie falls back further
Canada's GDP up in Q2
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – The Canadian dollar was lower on Wednesday morning, due to a slight rise in the United States dollar and losses in global crude oil prices. As of 8:35 am CDT, the Canadian dollar was at US$0.7614 or C$1.3137, compared to Tuesday’s close of US$0.7648 or […] Read more