Canadian Financial Close: Loonie, crude oil make big gains

Glacier FarmMedia MarketsFarm – The Canadian dollar surpassed the 74 United States cent mark on Thursday. The loonie closed at US$0.7411 or US$1=C$1.3493, compared to US$0.7380 or US$1=C$1.3550 on Wednesday. The United States Dollar Index dropped 0.44 of a point at 104.29. The U.S. Commerce Department reported on Thursday that retail sales in January fell 0.8 […] Read more

Canadian Dollar and Business Outlook: Loonie, TSX rise

Glacier FarmMedia MarketsFarm – The Canadian dollar moved above 74 United States cents on Thursday morning. The loonie was at US$0.7407 or US$1=C$1.3501 as of 8:41 a.m. CST, compared to Wednesday’s close of US$0.7380 or US$1=C$1.3550. The United States Dollar Index dropped 0.43 of a point at 104.30. Crude oil prices were higher despite reports of […] Read more


Canadian Financial Close: Crude oil down, TSX rebounds

Glacier FarmMedia MarketsFarm – The Canadian dollar made a modest increase on Wednesday. The loonie closed at US$0.7380 or US$1=C$1.3550, compared to US$0.7377 or US$1=C$1.3556 on Tuesday. The United States Dollar Index declined 0.22 of a point at 104.74. Crude oil prices dropped on Wednesday after larger-than-expected growth in U.S. stockpiles. However, tensions in the Middle […] Read more

Canadian Dollar and Business Outlook: Loonie unchanged, crude oil higher

Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Wednesday morning. The loonie was at US$0.7378 or US$1=C$1.3554 as of 8:35 a.m. CST, compared to Tuesday’s close of US$0.7377 or US$1=C$1.3556. The United States Dollar Index declined 0.12 of a point at 104.84. Crude oil prices were higher despite reports of expanded U.S. stockpiles […] Read more


Canadian Financial Close: Loonie, TSX fall in reaction to U.S. inflation data

Glacier FarmMedia MarketsFarm – The Canadian dollar fell sharply after the release of inflation data in the United States. The loonie closed at US$0.7377 or US$1=C$1.3556, compared to US$0.7435 or US$1=C$1.3450 on Monday. The U.S. Dollar Index jumped 0.71 of a point at 104.12 after the Labor Department reported that the country’s consumer price index increased […] Read more