Glacier FarmMedia MarketsFarm – The Canadian dollar slipped a little on Thursday. The loonie was at US$0.7422 or US$1=C$1.3474, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index declined 0.34 of a point at 100.57. Crude oil fell once again on Thursday after Saudi Arabia announced it will increase output and abandon its […] Read more
Canadian Financial Close: Loonie down, crude oil drops
Canadian Dollar and Business Outlook: Crude oil tumbles after Saudi announcement
The Canadian dollar eased off slightly Thursday morning. The loonie was at US$0.7423 or US$1=C$1.3472 as of 8:34 a.m. CDT, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index was virtually unchanged at 100.90. Crude oil continued its roller coaster of a week after Saudi Arabia announced today it plans on raising […] Read more
Canadian Financial Close: Loonie up, crude oil falls
Glacier FarmMedia MarketsFarm – The Canadian dollar made a small step upwards on Wednesday. The loonie was at US$0.7428 or US$1=C$1.3462, compared to US$0.7425 or US$1=C$1.3468 on Tuesday. The United States Dollar Index jumped 0.51 of a point at 100.97. Crude oil fell on Wednesday on signs supply disruptions in Libya were easing. West Texas Intermediate […] Read more
Canadian Dollar and Business Outlook: Loonie pushes higher
Crude oil slips on skepticism towards China
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar climbed higher Wednesday morning as its United States counterpart sagged. However, increases were checked by small declines in crude oil. As of 9:03 am CDT, the loonie was at US$0.7439 or US$1=C$1.3444 compared to Tuesday’s close of US$0.7425 or US$1=C$1.3468. On the U.S. Dollar Index, […] Read more
Canadian Financial Close: Loonie rises further
Greenback down, crude oil up
By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar climbed further above the 74 U.S. cent-mark on Tuesday, gleaning strength from a weaker United States dollar and increases in crude oil. The loonie closed at US$0.7425 or US$1=C$1.3468, compared to Monday’s finish of US$0.7402 or US$1=C$1.3510. On the U.S. Dollar Index, the greenback lost […] Read more
Canadian Dollar and Business Outlook: Loonie up, crude oil surges
The Canadian dollar continued its rise on Tuesday. The loonie was at US$0.7412 or US$1=C$1.3492 as of 8:34 a.m. CDT, compared to US$0.7402 or US$1=C$1.3510 on Monday. The United States Dollar Index was down 0.12 of a point at 100.73. Crude oil rallied after China announced an economic stimulus package that includes a 50 basis […] Read more
Canadian Financial Close: Loonie moving upwards, crude oil weaker
Glacier FarmMedia MarketsFarm – The Canadian dollar moved above the 74 United States cent mark on Monday. The loonie was at US$0.7402 or US$1=C$1.3510, compared to US$0.7372 or US$1=C$1.3565 on Friday. The U.S. Dollar Index was up 0.14 of a point at 100.86. Crude oil was down on Monday after Iranian president Masoud Pezeshkian told […] Read more
Canadian Dollar and Business Outlook: Loonie nears psychological level
Glacier FarmMedia MarketsFarm – The Canadian dollar jumped on Monday morning, moving closer to the 74 United States cent mark. The loonie was at US$0.7393 or US$1=C$1.3526 as of 8:35 a.m. CDT, compared to US$0.7372 or US$1=C$1.3565 on Friday. The U.S. Dollar Index was up 0.18 of a point at 100.90. Crude oil was slightly higher […] Read more
Canadian Financial Close: C$ steady
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Friday. The Canadian dollar settled at US$0.7372 or US$1=C$1.3565 on Friday, which compares with Thursday’s close of US$0.7373 or US$1=C$1.3563. Retail sales increased 0.9 per cent in July hitting C$66.4 billion, reported Statistics Canada. Early data from August suggests a 0.5 per […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia|MarketsFarm–The Canadian dollar was slightly softer Friday morning. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7363 or US$1=C$1.3581, which compares with Thursday’s close of US$0.7373 or US$1=C$1.3563. Retail sales increased 0.9 per cent in July hitting C$66.4 billion, reported Statistics Canada. Early data from August suggests a 0.5 […] Read more