Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar finished lower on Thursday, as an increase in the United States dollar out-weighed higher crude oil prices. The loonie closed at US$0.7803 or US$1=C$1.2815, compared to Wednesday’s close of US$0.7827 or US$1=C$1.2776. On the U.S. Dollar Index, the greenback was up 0.121 […] Read more
Canadian Financial Close: Stronger greenback means loonie steps back
U.S. dollar remains above 96 points on index
Canadian Dollar and Business Outlook: Loonie continues stepping back
Crude oil pushing lower after OPEC+ talks
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar continued push lower on Thursday morning, as crude oil prices declined. As of 8:36 am CST, the Canadian dollar was at US$0.77.96 or C$1.2820, compared to Wednesday’s close of US$0.7827 or C$1.2776. On the U.S. Dollar Index, the greenback eased lower 0.109 […] Read more
Canadian Financial Close: Loonie inches upward
Crude oil loses earlier gains to move lower
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday, despite dipping below 78 United States at one point. The loonie closed at US$0.7827 or US$1=C$1.2776, compared to Tuesday’s close of US$0.7817 or US$1=C$1.2792. On the U.S. Dollar Index, the greenback bumped up 0.073 of a point […] Read more
Canadian Dollar and Business Outlook: Loonie attempts to stem declines
Crude rises ahead of OPEC meeting
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was higher Wednesday morning, as crude oil prices recovered some lost ground while the United States dollar pulled back. As of 8:39 am CST, the Canadian dollar was at US$0.7849 or C$1.2746, compared to Tuesday’s close of US$0.7817 or C$1.2792. On the […] Read more
Canadian Financial Close: Loonie gives up more ground
Dollar falls below 78 U.S. cents, but climbs above threshold at close
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar continued lower on Tuesday, even dipping below 78 United States cents at one point. However, the loonie closed at US$0.7817 or US$1=C$1.2792, compared to Monday’s close of US$0.7834 or US$1=C$1.276. Strength for the dollar came from Statistics Canada’s report showing 5.4 per […] Read more
Canadian Dollar and Business Outlook: Declines in crude, greenback keep loonie stable
Omicron variant threatens global oil demand
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was unchanged on Tuesday morning, as weaker crude oil prices and a decline in the United States dollar played off of each other. As of 8:37 am CST, the Canadian dollar was at US$0.7834 or C$1.2765, the same as Monday’s close On […] Read more
Canadian Financial Close: Loonie holds relatively steady
Higher crude prices play off of stronger U.S. greenback
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – The Canadian dollar was firm on Monday, as increases in crude oil prices were countered by a stronger United States dollar. The loonie closed at US$0.7834 or US$1=C$1.2765, compared to Friday’s close of US$0.7830 or US$1=C$1.2771. On the U.S. Dollar Index, the greenback pushed higher […] Read more
Canadian Dollar and Business Outlook: Loonie reversing course
Crude oil bouncing back
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as it attempted to recover from Friday’s sharp drop. As of 8:35 am CST, the Canadian dollar was at US$0.7839 or C$1.2752 compared to Friday’s close of US$0.7830 or C$1.2771. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: New COVID-19 variant rattles markets
WINNIPEG – A newly identified COVID-19 variant of concern by the World Health Organization (WHO) has brought down both the loonie and world markets. The loonie fell to its lowest level since Sept. 21, closing at US$0.7830 or US$1=C$1.2771 on Friday, down from Thursday’s close of US$0.7903 or US$1=C$1.2654. The WHO announced today that the […] Read more
Canadian Dollar and Business Outlook: Markets slide on new COVID-19 fears
WINNIPEG – The Canadian dollar took a downturn on Friday morning amid concerns regarding a potentially dangerous new COVID-19 variant. As of 8:33 a.m. CST, the loonie was at US$0.7829 or US$1=C$1.2773, compared to Thursday’s close of US$0.7903 or US$1=C$1.2654. The United Kingdom has banned flights from South Africa and other southern African nations after […] Read more