Canadian Financial Close: Stronger greenback means loonie steps back

U.S. dollar remains above 96 points on index

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 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: 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