By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Friday morning. At 8:48 a.m. CDT the Canadian dollar was trading at US$0.7220 or US$1=C$1.3850, which compares with Thursday’s close of US$0.7222 or US$1=C$1.3846. Crude oil was weaker in early activity, as a slowdown in jobs growth in the United […] Read more
Canadian dollar and business outlook
Canadian Financial Close: C$ weakens on reduced risk appetite
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Thursday, as weak economic data out of the United States had investors backing away from riskier assets. The Canadian dollar settled at US$0.7222 or US$1=C$1.3846 on Thursday, which compares with Wednesday’s close of US$0.7242 or US$1=C$1.3809. Crude oil was also weaker, […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Thursday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7235 or US$1=C$1.3822, which compares with Wednesday’s close of US$0.7242 or US$1=C$1.3809. Canadian manufacturing activity slowed in July, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) dipping to […] Read more
Canadian Financial Close: Plenty of green in markets
Glacier FarmMedia MarketsFarm – The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7342 or US$1=C$1.3809, compared to US$0.7220 or US$1=C$1.3851 on Tuesday. The United States Dollar Index dropped half of a point at 104.05. The U.S. Federal Reserve announced on Wednesday it was leaving its key interest rates unchanged, but suggested […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
The Canadian dollar made a move upwards on Wednesday. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:34 a.m. CDT, compared to US$0.7220 or US$1=C$1.3851 on Tuesday. The United States Dollar Index weakened 0.55 of a point at 104.00. The U.S. Federal Reserve will announce its latest key interest rate decision later today. Crude […] Read more
Canadian Financial Close: C$ steady ahead of U.S. Fed
The Canadian dollar held steady on Tuesday, with currency traders showing a reluctance to push values too far one way or the other ahead of Wednesday’s interest rate announcement from the United States Federal Reserve. The Canadian dollar settled at US$0.7220 or US$1=C$1.3851 on Tuesday, which compares with Monday’s close of US$0.7219 or US$1=C$1.3852. General […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Tuesday morning as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. At 9:10 a.m. CDT the Canadian dollar was trading at US$0.7217 or US$1=C$1.3856, which compares with Monday’s close of US$0.7219 or US$1=C$1.3852. General […] Read more
Canadian Financial Close: C$ weakens Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer on Monday, as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. The Canadian dollar was trading at US$0.7219 or US$1=C$1.3852 late Monday, which compares with Friday’s close of US$0.7231 or US$1=C$1.3830. General expectations are […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Monday morning as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. At 9:11 a.m. CDT the Canadian dollar was trading at US$0.7221 or US$1=C$1.3848, which compares with Friday’s close of US$0.7231 or US$1=C$1.3830. General expectations […] Read more
Canadian Financial Close: Loonie takes a dip
Crude oil's losses provides some push
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased a pinch lower on Friday, as crude oil’s losses increased. The loonie closed at US$0.7231 or US$1=C$1.3830, compared to Thursday’s finish of US$0.7236 or US$1=C$1.3819. On the U.S. Dollar Index, the greenback dipped 0.048 of a point at 104.060. Benchmark crude oil prices […] Read more