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

WINNIPEG – The Canadian dollar maintained its steady decline on Thursday morning, one day after an announcement from the Bank of Canada (BoC). The loonie was at US$0.7241 or US$1=C$1.3810, lower than Wednesday’s close of US$0.7256 or US$1=C$1.3782. The BoC announced its key interest rate decision on Wednesday, leaving it unchanged. The United States Dollar […] Read more




Canadian Financial Close: Loonie, crude oil drop

WINNIPEG – The Canadian dollar dropped below 73 United States cents on Tuesday due to a stronger United States greenback and falling crude oil prices. The loonie closed at US$0.7283 or US$1=C$1.3731, compared to US$0.7303 or US$1=C$1.3693 on Monday. The Bank of Canada (BoC) will announce its latest key interest rate decision on Wednesday, which […] Read more






Canadian Financial Close: C$ edges up Friday

By MarketsFarm   WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was firmer on Friday, edging back above the 73 U.S. cent mark to end the week. The Canadian dollar settled at US$0.7302 or US$1=C$1.3695 on Friday, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian retail sales dipped by 0.1 per cent in […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was slightly firmer Friday morning, finding some underlying support from gains in crude oil. At 8:40 a.m. CDT Friday morning the Canadian dollar was trading at US$0.7310 or US$1=C$1.3680, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian retail sales dipped by 0.1 […] Read more

Canadian Financial Close: C$ weakens Thursday

By MarketsFarm   WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was weaker on Thursday, hitting a fresh two-week low relative to its United States counterpart despite continued strength in crude oil. The Canadian dollar settled at US$0.7291 or US$1=C$1.3715 on Thursday, which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685. There were 448,000 Canadians […] Read more