By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Monday morning, due to a stronger United States dollar. As of 8:35 am CST, the loonie was at US$0.7121 or US$1=C$1.4039 compared to Friday’s close of US$0.7138 or US$1=C$1.3010. On the U.S. Dollar Index, the greenback advanced 0.577 of a point at […] Read more
Canadian Dollar and Business Outlook: Loonie steps back
Greenback on the upswing
Canadian Financial Close: Loonie stays put to end the week
Glacier FarmMedia | MarketsFarm – While the Canadian dollar declined during the week, it held steady on Friday. The loonie closed at US$0.7138 or US$1=C$1.4010 on Friday, unchanged from the day before. The U.S. Dollar Index dropped 0.30 of a point at 105.75. U.S. markets were open for part of Friday. Crude oil dipped lower […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil mixed
Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back on Friday morning. The loonie was at US$0.7124 or US$1=C$1.4037 as of 8:33 a.m. CST, compared to US$0.7138 or US$1=C$1.4010. The United States Dollar Index was up 0.04 of a point at 106.09. U.S. markets were closed on Thursday due to the Thanksgiving Day […] Read more
Canadian Financial Close: Loonie remains on the rise
Glacier FarmMedia | MarketsFarm – For the second straight day, the Canadian dollar made up some ground against its United States counterpart. The loonie closed at US$0.7138 or US$1=C$1.4010 on Thursday, compared to US$0.7125 or US$1=C$1.4036 on Wednesday. The U.S. Dollar Index added 0.06 of a point at 106.14. U.S. markets were closed on Thursday due […] Read more
Canadian Dollar and Business Outlook: Loonie rises slowly
Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to recover on Thursday morning. The loonie was at US$0.7136 or US$1=C$1.4013 as of 8:32 a.m. CST, compared to US$0.7125 or US$1=C$1.4036. The United States Dollar Index increased 0.22 of a point at 106.30. U.S. markets are closed today due to the Thanksgiving Day holiday. Crude […] Read more
Canadian Financial Close: Loonie up, crude oil steady
Glacier FarmMedia | MarketsFarm – The Canadian dollar bounced back on Wednesday while staying above 71 United States cents. The loonie closed at US$0.7125 or US$1=C$1.4036, compared to US$0.7101 or US$1=C$1.4082 on Tuesday. The U.S. Dollar Index fell 0.89 of a point at 106.12. U.S. markets will be closed on Thursday due to the Thanksgiving Day […] Read more
Canadian Dollar and Business Outlook: Loonie rebounds on Wednesday
Glacier FarmMedia MarketsFarm – After a sharp drop on Tuesday, the Canadian dollar made up some ground on Wednesday morning. The loonie was at US$0.7113 or US$1=C$1.4059 as of 8:33 a.m. CST, compared to US$0.7101 or US$1=C$1.4082. The United States Dollar Index dropped 0.74 of a point at 106.28. Crude oil increased slightly as observers await […] Read more
Canadian Financial Close: Loonie takes a big hit
Trump's tariffs threaten Canadian economy
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dropped more than a half cent on Tuesday, following statements made by United States President-elect Donald Trump that he will impose 25 per cent tariffs on goods imported from Canada and Mexico on his first day of office. Reports said the tariffs could […] Read more
Canadian Dollar and Business Outlook: Loonie falls on Trump tariff talk
25 per cent hike on Trump's first day
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday morning, following the announcement by United States President-elect Donald Trump that his administration would slap a 25 per cent tariff on imported goods from Canada. As of 8:36 am CST, the loonie was at US$0.7085 or US$1=C$1.4114 compared to Monday’s close […] Read more
Canadian Financial Close: Loonie stands pat
Big drops in greenback, crude oil
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, despite major movements in the United States dollar and crude oil. The loonie closed at US$0.7153 or US$1=C$1.3980 compared to Friday’s finish of US$0.7154 or US$1=1.3979. On the U.S. Dollar Index, the greenback lost 0.662 of a point […] Read more