Canadian Financial Close: Loonie dips as crude, greenback weaken

Crude tumbles to five-month low

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday as crude oil prices fell hard. However, a lower United States dollar curtailed the loonie’s losses. The Canadian dollar closed at US$0.7353 or US$1=C$1.3599, compared to Monday’s finish of US$0.7369 or US$1=C$1.3570. On the U.S. Dollar Index, the greenback was […] Read more

Canadian Dollar and Business Outlook: Crude oil, loonie give up ground

Greenback also shifts lower, tempering loonie's losses

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Tuesday morning, along with declines in crude oil prices. However, those losses were tempered by a somewhat weaker United States dollar. As of 8:40 am CST, the loonie was at US$0.7348 or C$1.3607, compared to Monday’s close of US$0.7369 or US$1=C$1.3570. […] Read more


Canadian Financial Close: Loonie advances 10th of a cent

Subtle support from crude oil prices

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar inched upward on Monday, aided by small gains in global crude oil prices. The loonie closed at US$0.7369 or US$1=C$1.3570, compared to Friday’s finish of US$0.7359 or US$1=C$1.3588. On the United States Dollar Index, the greenback tacked on 0.062 of a point at 103.620. […] Read more










Canadian Financial Close: Loonie, crude oil decline

Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back on Tuesday. The loonie closed at US$0.7364 or US$1=C$1.3579, compared to US$0.7385 or US$1=C$1.3541 on Monday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged. The United States Dollar Index was up […] Read more