Glacier FarmMedia MarketsFarm – The Canadian dollar rose again on Tuesday, reaching its highest level since February. The loonie closed at US$0.7429 or US$1=C$1.3460, compared to US$0.7418 or US$1=C$1.3481 on Monday. Meanwhile, the United States Dollar Index was down 0.29 of a point at 100.56. Crude oil prices nearly erased its gains from Monday. West Texas […] Read more
Canadian Financial Close: Loonie moves up, crude oil comes down
Canadian Dollar and Business Outlook: Loonie up, markets down
Glacier FarmMedia MarketsFarm – The Canadian dollar was up slightly on Tuesday morning, staying above the 74 United States cent mark. The loonie was at US$0.7424 or US$1=C$1.3470 as of 8:37 a.m. CDT, compared to US$0.7418 or US$1=C$1.3481 on Monday. The United States Dollar Index was up 0.01 of a point at 100.86. After substantial gains […] Read more
Canadian Financial Close: Loonie hits highest point in five months
Glacier FarmMedia MarketsFarm – The Canadian dollar reached its highest value since March on Monday. The loonie closed at US$0.7418 or US$1=C$1.3481, compared to US$0.7392 or US$1=C$1.3529 on Friday. Meanwhile, the United States Dollar Index is up 0.17 of a point at 100.89. Crude oil prices jumped after Iranian militant group Hezbollah launched rockets at […] Read more
Canadian Dollar and Business Outlook: Loonie hits five-month high
Glacier FarmMedia MarketsFarm – The Canadian dollar surpassed the 74 United States cent mark on Monday morning for the first time since April. The loonie was at US$0.7413 or US$1=C$1.3490 as of 8:36 a.m. CDT, compared to US$0.7392 or US$1=C$1.3529 on Friday. The United States Dollar Index was up 0.10 of a point at 100.82. […] Read more
Canadian Financial Close: Powell’s comments generates more strength for loonie
Greenback falls hard and crude rises
Canadian Financial Close: Powell’s comments generates more strength for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was stronger on Friday due to a sharp loss in the United States dollar and increases in crude oil. The loonie closed at US$0.7392 or US$1=C$1.3529, compared to Thursday’s finish of US$0.7352 or US$1=C$1.3602. […] Read more
Canadian Dollar and Business Outlook: Loonie back on the rise
Getting support from higher crude oil
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar turned around on Friday morning resuming its upward trajectory, benefitting from a dip in its United States counterpart and upticks in crude oil. As of 8:40 am CDT, the loonie was at US$0.7364 or US$1=C$1.3579 compared to Thursday’s close of US$0.7352 or US$1=C$1.3602. On […] Read more
Canadian Financial Close: Loonie’s rise blocked by greenback
Higher crude prices not enough
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar’s rise stalled on Thursday, as its United States counterpart regained some of the ground it has recently given up. The loonie closed at US$0.7352 or US$1=C$1.3602, compared to Wednesday’s finish of US$0.7357 or US$1=C$1.3592. On the U.S. Dollar Index, the greenback advanced 0.495 of […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Rail lockout costing C$1 billion/day
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning in a balancing off between upticks in the United States dollar and slight gains in crude oil. As of 8:36 am CDT, the loonie was at US$0.7353 or US$1=C$1.3596 compared to Wednesday’s close of US$0.7357 or US$1=C$1.3592. On […] Read more
Canadian Financial Close: More gains for loonie
Riding the declines in the U.S. greenback
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar rose by almost two-tenths of a cent on Wednesday, as it continued to benefit from the declines in its United States counterpart. The loonie closed at US$0.7357 or US$1=C$1.3592, compared to Tuesday’s finish of US$0.7338 or US$1=C$1.3627. On the U.S. Dollar Index, the greenback […] Read more
Canadian Dollar and Business Outlook: Loonie adds more ground
Greenback dips, crude oil mixed
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar bumped up on Wednesday morning as there were small declines in the United States dollar. As of 8:35 am CDT, the loonie was at US$0.7354 or US$1=C$1.3599 compared to Tuesday’s close of US$0.7338 or US$1=C$1.3627. On the U.S. Dollar Index, the greenback shed 0.019 […] Read more