By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Monday morning, with positioning ahead of the latest interest rate announcement from the United States Federal Reserve later in the week behind some of the activity in the currency markets. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or […] Read more
Canadian dollar and business outlook
Canadian Financial Close: Loonie closes below 73 U.S. cents
Huge uptick in U.S. dollar
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar dropped on Friday in the face of a surge in the United States dollar. The loonie closed at US$0.7278 or US$1=C$1.3740, compared to Thursday’s finish of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the greenback spiked 0.838 of a point at 104.545. Benchmark […] Read more
Canadian Dollar and Business Outlook: Loonie steps back in face of stronger greenback
Oil seeks direction, gold tumbles
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell below 73 U.S. cents on Friday morning due to a large increase in its United States counterpart. As of 8:37 am CDT, the loonie was at US$0.7284 or US$1=C$1.3730 compared to Thursday’s close of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: Loonie edges higher
Crude advances on possible OPEC+ reversal
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed a pinch higher on Thursday, as the United States dollar eased back while crude oil made gains. The loonie closed at US$0.7307 or US$1=C$1.3686, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback lost 0.146 of a […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
OPEC+ could reverse production increases
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning as increases in the United States dollar and crude oil essentially canceled each other. As of 8:35 am CDT, the loonie was at US$0.7302 or US$1=C$1.3697 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar […] Read more
Canadian Financial Close: Loonie dips, but stays just above 73 cents
Bank of Canada cuts interest rate
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Wednesday, following the interest rate announcement from the Bank of Canada. The central bank did what most analysts expected with a cut of 25 basis points to its key overnight rate now at 4.75 per cent. The loonie closed at US$0.7301 […] Read more
Canadian Dollar and Business Outlook: Loonies dips after BoC announcement
Crude inches up despite larger U.S. inventories
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back Wednesday morning following the interest rate announcement from the Bank of Canada. As of 8:54 am CDT, the loonie was at US$0.7298 or US$1=C$1.3704 compared to Tuesday’s close of US$0.7309 or US$1=C$1.3681. On the U.S. Dollar Index, the greenback tacked on 0.049 […] Read more
Canadian Financial Close: Loonie loses a quarter cent
Losses in crude oil pull loonie downward
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Tuesday, as the United States dollar held firm while crude oil retreated. The loonie closed at US$0.7309 or US$1=C$1.3681, compared to Monday’s finish of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback was virtually unchanged at 104.080 points. Benchmark […] Read more
Canadian Dollar and Business Outlook: Loonies turns lower
Greenback nudges up as crude falls
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back Tuesday morning, due to upticks in the United States dollar and decreases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7312 or US$1=C$1.3677 compared to Monday’s close of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback […] Read more
Canadian Financial Close: Loonie holds firm
Greenback, crude oil down hard
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Monday, as declines in crude oil eliminated any support from sharp losses in the United States dollar. The loonie closed at US$0.7334 or US$1=C$1.3635, compared to Friday’s finish of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback fell […] Read more