By MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, with weakness in crude oil pressuring the energy-linked currency. At 8:45 a.m. CST Monday morning the Canadian dollar was trading at US$0.7327 or US$1=C$1.3648, which compares with Friday’s close of US$0.7341 or US$1=C$1.3623. The Organization of Petroleum Exporting Countries […] Read more
Canadian dollar and business outlook
Canadian Financial Close: Loonie closes out week on a high note
Greenback slides back
Compiled by MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar gained a little more than four-tenths of a U.S. cent on Thursday, as the United States dollar took a hard hit, but losses in crude oil tempered further upticks. The loonie closed at US$0.7341 or US$1=C$1.3623, compared to Thursday’s finish of US$0.7300 or US$1=C$1.3699. […] Read more
Canadian Dollar and Business Outlook: Loonie advancing upward
StatCan says retail sales rising
By MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar higher on Friday morning, as its United States counterpart pulled back. As of 8:34 am CST, the loonie was at US$0.7335 or C$1.3632, compared to Thursday’s close of US$0.7300 or US$1=C$1.3699. On the U.S. Dollar Index, the greenback gave up 0.380 of a point at […] Read more
Canadian Financial Close: Loonie returns to 73 U.S. cents for second time
U.S. markets closed for Thanksgiving
Compiled by MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar finished at 73 United States on Thursday, exactly where the loonie closed on Tuesday. The loonie closed at US$0.7300 or US$1=C$1.3699, compared to Wednesday’s finish of US$0.7287 or US$1=C$1.3723. On the United States Dollar Index, the greenback slipped 0.170 of a point at 103.655. […] Read more
Canadian Dollar and Business Outlook: Loonie closer to 73 U.S. cents
U.S. markets closed for Thanksgiving
By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was higher on Thursday morning, looking to return above 73 U.S. cents. As of 8:34 am CST, the loonie was at US$0.7298 or C$1.3702, compared to Wednesday’s close of US$0.7287 or US$1=C$1.3723. On the United States Dollar Index, the greenback dipped 0.050 of a point […] Read more
Canadian Financial Close: Loonie slips below 73 U.S. cents
Macklem ok with fed's spending plans
Compiled by MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar eased back on Wednesday; after Bank of Canada governor Tiff Macklem stated the federal government’s new spending plans were helpful to the central bank’s monetary policy. The loonie closed at US$0.7287 or US$1=C$1.3723, compared to Tuesday’s finish of US$0.7300 or US$1=C$1.3698. On the United […] Read more
Canadian Dollar and Business Outlook: Loonie slips back after new spending announced
Also greenback finding strength
By MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar stepped back on Wednesday morning, the day after finance minister Chrystia Freeland presented her fall fiscal update that provides C$20.6 billion over six years in new spending. As of 8:37 am CST, the loonie was at US$0.7277 or C$1.3747, compared to Tuesday’s close of US$0.7300 […] Read more
Canadian Financial Close: Loonie inches up
Freeland announces more federal spending
Compiled by MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar bumped up on Tuesday, shortly after Canadian deputy prime minister and finance minister Chrystia Freeland presented the federal government’s fall fiscal update. The loonie closed at US$0.7300 or US$1=C$1.3698, compared to Monday’s finish of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback […] Read more
Canadian Dollar and Business Outlook: Loonie rises following inflation report
Increases in consumer price index slow in October
By MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, following Statistics Canada’s monthly report on inflation. As of 8:35 am CST, the loonie was at US$0.7299 or C$1.3709, compared to Monday’s close of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback was down 0.207 of a point […] Read more
Canadian Financial Close: C$ steady to start week
By MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar held steady on Monday as currency traders await Tuesday’s fall economic statement from the federal government and comments from the Bank of Canada on Wednesday. The Canadian dollar settled at US$0.7285 or US$1=C$1.3726 on Monday, which compares with Friday’s close of US$0.7288 or US$1=C$1.3722. […] Read more