By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Friday due to pressure from a rising United States dollar, but declines were tempered by sharp upticks in crude oil. As well, Statistics Canada reported a slight dip in unemployment at 6.7 per cent in December. The loonie closed on […] Read more
Canadian Financial Close: Stronger greenback pushes loonie lower
Canadian unemployment dips in December
Canadian Dollar and Business Outlook: Strength in greenback, crude oil keep loonie in check
StatCan says unemployment eases back
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Friday morning as increases in the United States dollar and crude oil cancelled out each other. As of 8:38 am CST, the loonie was at US$0.6948 or US$1=C$1.4397 compared to Thursday’s close of US$0.6949 or US$1=C$1.4395. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: Loonie stabilizes
Greenback, crude oil effectively cancel out each other
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, as upticks in the United States dollar and crude oil essentially balanced out each other. The loonie closed on Thursday at US$0.6947 or US$1=C$1.4395, compared to Wednesday’s finish of US$0.6949 or US$1=1.490. On the U.S. Dollar Index, the […] Read more
Canadian Dollar and Business Outlook: Loonie standing pat
U.S. markets to observe Carter's state funeral
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady Thursday morning as the United States dollar was firm while crude oil only made small increases. As of 8:35 am CST, the loonie was at US$0.6944 or US$1=C$1.4399 compared to Wednesday’s close of US$0.6949 or US$1=C$1.4390. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: More Trump tariff talk weakens loonie
Significant upswing in U.S. greenback
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up a quarter cent on Wednesday as the United States dollar was stronger. The loonie closed on Wednesday at US$0.6949 or US$1=1.4390, compared to Tuesday’s finish of US$0.6974 or US$1=1.4340. On the U.S. Dollar Index, the greenback gained 0.467 of a point […] Read more
Canadian Dollar and Business Outlook: Upswing in U.S. dollar weakens loonie
Small upticks in cruce oil
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar pulled back on Wednesday due to a spike in the United States dollar. As of 8:34 am CST, the loonie was at US$0.6946 or US$1=C$1.4397 compared to Tuesday’s close of US$0.6975 or US$1=C$1.4340. On the U.S. Dollar Index, the greenback advanced 0.647 of a point […] Read more
Canadian Financial Close: Loonie holds firm
Gains in greenback, crude oil cancel out each other
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was relatively steady on Tuesday as support from gains in crude oil was balanced off by increases in the United States dollar. The loonie closed on Tuesday at US$0.6974 or US$1=1.4340, compared to Monday’s finish of US$0.6970 or US$1=1.4348. On the U.S. Dollar […] Read more
Canadian Dollar and Business Outlook: Loonie nudges upward
Merchandise exports up in November
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly higher on Tuesday as the dust settled over the resignation of Prime Minister Justin Trudeau. As of 8:43 am CST, the loonie was at US$0.6982 or US$1=C$1.4323 compared to Monday’s close of US$0.6970 or US$1=C$1.4348. On the U.S. Dollar Index, the greenback shed […] Read more
Canadian Financial Close: Loonie rises on Trudeau’s resignation, weaker U.S. dollar
PM staying on until new leader selected
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was stronger on Monday after Prime Minister Justin Trudeau announced he will step down once a new federal Liberal leader is selected. Additional support came from a sharp drop in the United States dollar. The loonie closed on Monday at US$0.6970 or US$1=1.4348, […] Read more
Canadian Dollar and Business Outlook: Loonie climbs higher
Weaker greenback, Trudeau news conference underpinning dollar
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Monday as its United States counterpart dropped. As of 8:37 am CST, the loonie was at US$0.6975 or US$1=C$1.4333 compared to Friday’s close of US$0.6924 or US$1=C$1.4418. On the U.S. Dollar Index, the greenback gave up 0.643 of a point at 108.160. […] Read more