Canadian Dollar and Business Outlook: Loonie down as crude oil falls

Glacier FarmMedia MarketsFarm – The Canadian dollar retreated on Monday morning due to declining crude oil prices. The loonie was at US$0.7466 or US$1=C$1.3394, down from Friday’s close of US$0.7492 or US$1=C$1.3347. The United States Dollar Index was down 0.06 of a point to 102.35. Crude oil prices were falling after Saudi Arabia’s state producer Saudi […] Read more


Canadian Financial Close: Loonie gains small amount

Unemployment in Canada holds at 5.8 per cent

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar held relatively steady on Friday, adding a little bit of strength from increases in crude oil prices. The Canadian dollar closed at US$0.7492 or US$1=C$1.3347, compared to Thursday’s finish of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar Index, the greenback inched up 0.045 of […] Read more

Canadian Dollar and Business Outlook: Unemployment, loonie unchanged

StatCan releases December job data

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was unchanged on Friday morning, following the latest jobs report from Statistics Canada As of 8:38 am CST, the loonie remained at Thursday’s close of US$0.7488 or C$1.3354. Statistics Canada reported on Friday that the country’s unemployment rate remained at 5.8 per cent in […] Read more


Canadian Financial Close: Loonie stands pat

Declines in greenback, crude oil cancel each other

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, as competing influences balanced off each other. The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Wednesday’s finish of US$0.7487 or US$1=C$1.3356. On the U.S. Dollar Index, the greenback dipped 0.075 of a point at 102.120. Benchmark crude […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

Greenback, crude oil balance off each other

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, with little movement in the United States dollar and small increases in global crude oil prices. As of 8:45 am CST, the loonie was at US$0.7486 or C$1.3355, compared to Wednesday’s close of US$0.7487 or US$1=C$1.3356. On the […] Read more


Canadian Financial Close: Loonie loses more ground to greenback

Stronger crude oil limits declines

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar pulled back by nearly a quarter of a cent on Wednesday, as its United States counterpart continued to rebound. Meanwhile, declines in the loonie were tempered by sharp upticks in global crude oil prices. The Canadian dollar closed at US$0.7487 or US$1=C$1.33356, compared to […] Read more

Canadian Dollar and Business Outlook: Rising greenback pushes loonie below 75 U.S. cents

Modest gains in crude not enough to prop up loonie

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Wednesday morning, due to a stronger United States dollar. As of 8:35 am CST, the loonie was at US$0.7484 or C$1.3364, compared to Tuesday’s close of US$0.7510 or US$1=C$1.3316. On the U.S. Dollar Index, the greenback gained 0.339 of a point […] Read more