By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Tuesday as the country saw a slight increase in inflation and the United States currency strengthened. The loonie closed on Tuesday at US$0.7046 or US$1=C$1.4193, compared to Friday’s finish of US$0.7059 or US$1=C$1.4201. On the U.S. Dollar Index, the greenback […] Read more
Canadian Financial Close: Loonie simmers a bit
StatCan releases January CPI data
Canadian Dollar and Business Outlook: Loonie slips to start the week
StatCan says inflation up in January
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Tuesday morning due to gains in its United States counterpart and little direction from crude oil. As of 8:34 am CST, the loonie was at US$0.7042 or US$1=C$1.4201 compared to Friday’s close of US$0.7059 or US$1=C$1.4166. On the United States Dollar Index, […] Read more
Canadian Financial Close: C$ rises amid easing tariff concerns
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Friday, finding support as tariff threats from United States President Donald Trump continue to be ‘more bark than bite.’ The Canadian dollar settled at US$0.7059 or US$1=C$1.4166, which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per cent […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, trading at its highest level in two months relative to its United States counterpart. At 8:56 a.m. CST the Canadian dollar was trading at US$0.7064 or US$1=C$1.4158 which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per […] Read more
Canadian Financial Close: C$ strengthens
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Thursday, hitting its highest level in two months relative to its United States counterpart. Broad weakness in the U.S. currency internationally accounted for much of the strength. The Canadian dollar settled at US$0.7021 or US$1=C$1.4242, which compares with Wednesday’s close of US$0.6994 or US$1=C$1.4298. […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, edging above the 70 U.S. cent mark. At 8:36 a.m. CST the Canadian dollar was trading at US$0.7001 or US$1=C$1.4284 which compares with Wednesday’s close of US$0.6994 or US$1=C$1.4298. Investment in building construction in Canada rose 1.9 per cent in December to […] Read more
Canadian Financial Close: C$ steady amid trade uncertainty
Glacier FarmMedia | MarketsFarm — The Canadian dollar held relatively steady on Wednesday, lacking any clear direction as currency traders continued to make sense of shifting trade policy out of the United States. The Canadian dollar settled at US$0.6994 or US$1=C$1.4298, which compares with Tuesday’s close of US$0.6990 or US$1=C$1.4307. The U.S. Consumer Price Index […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning, as financial markets reacted to the latest inflation data out of the United States. At 8:48 a.m. CST the Canadian dollar was trading at US$0.6979 or US$1=C$1.4329 which compares with Tuesday’s close of US$0.6990 or US$1=C$1.4307. The U.S. Consumer Price Index was […] Read more
Canadian Financial Close: C$ firm Tuesday
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, as currency traders largely ignored the latest trade threats coming out of the United States. The Canadian dollar settled at US$0.6990 or US$1=C$1.4307, which compares with Monday’s close of US$0.6982 or US$1=C$1.4323. U.S. President Donald Trump signed an executive order that will […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding near unchanged Tuesday morning, as financial markets digested the latest tariff news out of the United States. At 8:54 a.m. CST the Canadian dollar was trading at US$0.6981 or US$1=C$1.4325 which compares with Monday’s close of US$0.6982 or US$1=C$1.4323. U.S. President Donald Trump signed an […] Read more