Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, despite gains in the United States dollar and declines in crude oil prices. As of 8:47 CDT, the Canadian dollar was at US$0.8048 or C$1.2427, compared to Friday’s close of US$0.8007 or C$1.2489. On the U.S. Dollar […] Read more
Canadian Dollar and Business Outlook: Loonie on the rise
But greenback is up, crude oil is down
Canadian Financial Close: Loonie finishes just above 80 U.S. cents
Greenback dips, crude oil rises
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was a pinch higher on Friday, due to a weaker United States dollar and increases in crude oil prices. The loonie was at US$0.8007 or US$1=C$1.2489, compared to Thursday’s close of US$0.8000 or US$1=C$1.2500. On the U.S. Dollar Index, the greenback dropped […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, seeing some consolidation ahead of the weekend. At 8:57 a.m. CDT Thursday morning, the Canadian dollar was at US$0.8004 or US$1=C$1.2494 which compares with Thursday’s North American close of US$0.8000 or US$1=C$1.2500. Canadian manufacturing sales increased by 3.5 per cent […] Read more
Canadian Financial Close: Loonie just shy of 80 U.S. cents
Crude oil boosts Canadian dollar
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was higher on Thursday, supported by gains in crude oil and despite an increase in the United States dollar. With the final settlement still pending, the loonie was at US$0.7998 or US$1=C$1.2502, compared to Wednesday’s close of US$0.7985 or US$1=C$1.2523. On the […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was holding firm Thursday morning, as the currency found ongoing support after Wednesday’s Bank of Canada interest rate announcement. At 8:56 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7993 or US$1=C$1.2511 which compares with Wednesday’s North American close of US$0.7985 or US$1=C$1.2523. The […] Read more
Canadian Financial Close: Bank of Canada moves push up loonie
Forecasting higher economic growth in 2021
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar was higher on Wednesday, even flirting with 80 U.S. cents, following the latest economic projections from the Bank of Canada. The loonie finished at US$0.7985 or US$1=C$1.2523, compared to Tuesday’s close of US$0.7954 or US$1=C$1.2572. Canada’s central bank raised its forecast for […] Read more
Canadian Financial Close: Loonie loses more than three-tenths
Greenback rises, crude oil declines
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was lower on Tuesday, as the United States dollar gained a bit of ground and crude oil prices pulled back. The loonie finished at US$0.7954 or US$1=C$1.2572, compared to Monday’s close of US$0.7988 or US$1=C$1.2519. On the U.S. Dollar Index, the greenback […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning, showing little reaction to Monday’s federal budget. At 9:02 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7986 or US$1=C$1.2522 which compares with Monday’s North American close of US$0.7988 or US$1=C$1.2519. The Government of Canada’s first budget in […] Read more
Canadian Financial Close: Loonie slips prior to new budget
Freeland calling for C$101 billion in new spending
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The Canadian dollar was slightly lower on Monday, just before the first federal budget in two years was introduced in the House of Commons. The loonie finished at US$0.7988 or US$1=C$1.2519, compared to Friday’s close of US$0.7998 or US$1=C$1.2503. Canadian Minister of Finance Chrystia Freeland […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The Canadian dollar was stronger Monday morning, moving above the psychological 80 U.S. cents mark as investors await the release of the latest federal budget. At 8:48 a.m. CDT Monday morning, the Canadian dollar was at US$0.8007 or US$1=C$1.2489 which compares with Friday’s North American close of US$0.7998 […] Read more