WINNIPEG – The Canadian dollar ended the week higher, but settled just shy of the 73 United States cent mark. The loonie was at US$0.7288 or US$1=C$1.3722, compared to US$0.7373 or US$1=C$1.3750 on Thursday. The U.S. Dollar Index surrendered 0.47 of a point at 103.88. Crude oil continued its roller-coaster ride, recovering most of Thursday’s […] Read more
Canadian Financial Close: Loonie, crude oil on the rise
Canadian Dollar and Business Outlook: Loonie on the rise as weekend approaches
WINNIPEG – The Canadian dollar moved upwards on Friday morning, looking to end the week on a high note. The loonie was at US$0.7293 or US$1=C$1.3712, higher than Thursday’s close of US$0.7273 or US$1=C$1.3750. The United States Dollar Index shed 0.23 of a point to 104.11. Crude oil prices recouped some of the losses suffered […] Read more
Canadian Financial Close: Loonie down as crude oil falls
WINNIPEG – The Canadian dollar took a step back on Thursday after a collapse in crude oil prices. The loonie closed Thursday at US$0.7273 or US$1=C$1.3749, compared to US$0.7313 or US$1=C$1.3675 on Wednesday. The United States Dollar Index was virtually unchanged at 104.41 points. Crude oil suffered major losses due to weakened demand and the […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil retreat
WINNIPEG – The Canadian dollar took a step back on Thursday morning. The loonie was at US$0.7280 or US$1=C$1.3736, lower than Wednesday’s close of US$0.7313 or US$1=C$1.3675. The United States Dollar Index was down 0.07 of a point at 104.32. Crude oil prices continued to be in decline on Thursday. Brent crude oil fell US$1.60 […] Read more
Canadian Financial Close: Loonie up, crude oil drops
WINNIPEG – The Canadian dollar moved above the 73 United States cent mark on Wednesday morning and ended the day there as well. The loonie closed at US$0.7313 or US$1=C$1.3675, compared to US$0.7286 or US$1=C$1.3725 on Tuesday. The U.S. Dollar Index regained some of what it had lost on Tuesday, gaining 0.36 of a point […] Read more
Canadian Dollar and Business Outlook: Loonie continues to rally
WINNIPEG – The Canadian dollar moved above the 73 United States cent mark on Wednesday. The loonie was at US$0.7314 or US$1=C$1.3672, higher than Tuesday’s close of US$0.7286 or US$1=C$1.3725. The U.S. Dollar Index rebounded slightly after a large drop on Tuesday, adding 0.27 of a point to 104.33. Crude oil prices were lower after […] Read more
Canadian Financial Close: Loonie, TSX make big jumps
WINNIPEG – The Canadian dollar made a large gain on Tuesday due to weakness in the United States dollar. The loonie closed on Tuesday at US$0.7286 or US$1=C$1.3725, compared to US$0.7236 or US$1=C$1.3819 on Friday. The Bank of Canada (BoC) did not publish a closing exchange rate on Monday due to Remembrance Day. The U.S. […] Read more
Canadian Dollar and Business Outlook: High-rising morning on markets
WINNIPEG – Coming off the long weekend, the Canadian dollar advanced on Tuesday, largely due to a weakened United States greenback. The loonie was at US$0.7272 or US$1=C$1.3751 on Tuesday morning, higher than Friday’s close of US$0.7236 or US$1=C$1.3819. The Bank of Canada (BoC) did not publish a closing exchange rate on Monday due to […] Read more
Canadian Financial Close: C$ weakens Friday
By MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was weaker on Friday, losing ground relative to its United States counterpart despite gains in crude oil. The Canadian dollar settled at US$0.7236 or US$1=C$1.3819 on Friday, which compares with Thursday’s close of US$0.7256 or US$1=C$1.3781. Crude oil was underpinned by ideas losses earlier in […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, weakening relative to its United States counterpart despite gains in crude oil. At 9:02 a.m. CST Friday morning the Canadian dollar was trading at US$0.7219 or US$1=C$1.3852, which compares with Thursday’s close of US$0.7256 or US$1=C$1.3781. Crude oil was […] Read more