Glacier FarmMedia MarketsFarm – The Canadian dollar barely hung onto the 73 United States cent mark. The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The U.S. Dollar Index was up 0.44 of a point at 104.18. Crude oil prices underwent a correction on Thursday, paring some of Wednesday’s increases. […] Read more
Canadian Financial Close: Loonie, TSX come down
Canadian Dollar and Business Outlook: Little movement in loonie, markets
The Canadian dollar was steady on Thursday. The loonie was at US$0.7308 or US$1=C$1.3684 as of 8:32 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The United States Dollar Index gained 0.15 of a point at 103.90. Crude oil prices underwent a small correction after Wednesday’s increases. Brent crude oil was down US$0.13 at […] Read more
Canadian Financial Close: Loonie steady, crude oil jumps
Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Wednesday despite a weaker United States dollar and higher crude oil prices. The loonie closed at US$0.7307 or US$1=C$1.3686. The U.S. Dollar Index declined 0.50 of a point at 103.77 due to a sharp rally in the Japanese yen. Crude oil prices were higher because […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil bounce back
Glacier FarmMedia MarketsFarm – The Canadian dollar regained some strength on Wednesday. The loonie was at US$0.7314 or US$1=C$1.3672 as of 8:58 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Tuesday. The United States Dollar Index lost 0.60 of a point at 103.67 due to a sharp rally in the Japanese yen. Crude oil prices rebounded […] Read more
Canadian Dollar and Business Outlook: Loonie lower, crude oil drops
Glacier FarmMedia MarketsFarm – The Canadian dollar showed some weakness on Tuesday. The loonie was at US$0.7309 or US$1=C$1.3682 as of 8:35 a.m. CDT, compared to US$0.7319 or US$1=C$1.3664 on Monday. Statistics Canada reported on Tuesday that the country’s annual inflation rate fell to 2.7 per cent in June, mainly due to slower growth in gasoline […] Read more
Canadian Financial Close: Loonie falls back to start week
The Canadian dollar took a small drop on Monday. The loonie closed at US$0.7319 or US$1=C$1.3664, compared to US$0.7338 or US$1=C$1.3628 on Friday. The United States Dollar Index increased 0.11 of a point at 104.20. Crude oil prices were lower as demand weakened after the Independence Day holiday in the U.S., as well as the […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Monday morning amid general global economic uncertainty. At 8:45 a.m. CDT the Canadian dollar was trading at US$0.7319 or US$1=C$1.3663, which compares with Friday’s close of US$0.7338 or US$1=C$1.3628. Canadian manufacturing sales rose by 0.4 per cent in May, hitting C$71.4 billion, according […] Read more
Canadian Financial Close: TSX reaches all-time high close
Glacier FarmMedia MarketsFarm – The Canadian dollar made little change on Friday. The loonie closed at US$0.7338 or US$1=C$1.3628, compared to US$0.7340 or US$1=C$1.3624 on Thursday. The United States Dollar Index dropped 0.35 of a point at 104.09. Crude oil prices were lower after a day of volatile trading. Brent crude oil declined US$0.32 at US$85.08 […] Read more
Canadian Dollar and Business Outlook: Crude oil jumps, TSX reaches new levels
Glacier FarmMedia MarketsFarm – The Canadian dollar moved very little on Friday morning. The loonie was at US$0.7342 or US$1=C$1.3620 as of 8:36 a.m. CDT, compared to US$0.7340 or US$1=C$1.3624 on Thursday. The United States Dollar Index declined 0.26 of a point at 104.18. Crude oil prices were higher on signs of increased demand and speculation […] Read more
Canadian Financial Close: Loonie steady, crude oil rises
Glacier FarmMedia MarketsFarm – The Canadian dollar stayed still for the most part on Thursday. The loonie closed at US$0.7340 or US$1=C$1.3624, compared to US$0.7342 or US$1=C$1.3620 on Wednesday. The United States Dollar Index dropped 0.59 of a point at 104.46. Inflation in the U.S. dropped to an annualized rate three per cent in June from […] Read more