Canadian Financial Close: Loonie finds some strength in crude oil

Francine threatening Gulf of Mexico oil facilities

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was a pinch higher on Wednesday due to gains in crude oil. The loonie closed at US$0.7359 or US$1=C$1.3589, compared to Tuesday’s finish of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar Index, the greenback added 0.100 of a point at 101.340. Benchmark crude oil […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm along with U.S. greenback

Francine, lower inventories give boost to crude oil

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Wednesday morning given little movement in its United States counterpart and despite increases in crude oil. As of 8:42 am CDT, the loonie was at US$0.7351 or US$1=C$1.3603 compared to Tuesday’s close of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar […] Read more


Canadian Financial Close: Weaker crude oil weighs on loonie

OPEC cuts outlook, crude prices drop

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar took another step back on Tuesday, losing about two-tenths of cent due sharp declines in crude oil. The loonie closed at US$0.7353 or US$1=C$1.3599, compared to Monday’s finish of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index, the greenback tacked on 0.080 of a […] Read more



Canadian Financial Close: Loonie steps back

Greenback on the rise

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar gave up nearly a tenth of a cent on Monday, largely due to strength in its Untied States counterpart. The loonie closed at US$0.7374 or US$1=C$1.3561, compared to Friday’s finish of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback was up 0.422 […] Read more

Canadian Dollar and Business Outlook: Loonie slips back

Greenback advances, putting pressure on Canadian cousin

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning as improvement in the United States dollar outweighed upticks in crude oil. As of 8:36 am CDT, the loonie was at US$0.7370 or US$1=C$1.3569 compared to Friday’s close of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback […] Read more


Canadian Financial Close: Crude oil, TSX take tumbles

Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back to close out the week. The loonie closed at US$0.7383 or US$1=C$1.3545, compared to US$0.7400 or US$1=C$1.3514 on Thursday. Statistics Canada reported the unemployment rate rose to 6.6 per cent in August, compared to 6.4 per cent in July. However, the Canadian economy added […] Read more



Canadian Financial Close: Loonie up, crude oil dips

Glacier FarmMedia MarketsFarm – The Canadian dollar inched its way back to the 74 United States cent mark on Thursday. The loonie closed at US$0.7400 or US$1=C$1.3514, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The U.S. Dollar Index dropped 0.25 of a point at 101.11. Crude oil stayed relatively steady compared to the past two […] Read more