The Canadian dollar eased back, marking a second-straight decline for the currency. The loonie closed at US$0.7468 or US$1=C$1.3391, compared to US$0.7478 or US$1=C$1.3372 on Friday. The U.S. Dollar Index was up 0.33 of a point at 102.54. Crude oil prices rose on Tuesday, recovering some of Monday’s losses. Brent crude oil gained US$1.47 at […] Read more
Canadian Financial Close: Loonie down, crude oil makes gains
Canadian Dollar and Business Outlook: Loonie down, crude oil rebounds
Glacier FarmMedia MarketsFarm – The Canadian dollar continued to show weakness on Tuesday. The loonie was at US$0.7470 or US$1=C$1.3387, down from Monday’s close of US$0.7478 or US$1=C$1.3372. The United States Dollar Index was up 0.17 of a point to 102.38. Crude oil prices underwent a correction on Tuesday, but not enough to recover their losses […] Read more
Canadian Financial Close: Loonie, crude oil prices take a hit
Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back away from the 75 United States cent mark. The loonie closed at US$0.7478 or US$1=C$1.3372, compared to US$0.7492 or US$1=C$1.3247 on Friday. The U.S. Dollar Index was down 0.16 of a point at 102.25. Crude oil prices slid after Saudi Arabia’s state-owned oil company Saudi […] Read more
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