Canadian Financial Close: Loonie down further

No support from lower greenback, higher crude oil

WINNIPEG – The Canadian dollar continued to fall on Friday, despite losses in the United States dollar and upticks in crude oil prices. The loonie closed at US$0.7379 or US$1=C$1.3552, compared to Thursday’s finish of US$0.7394 or US$1=C$1.3524. On the U.S. Dollar Index, the greenback dipped 0.145 of a point at 103.325. Benchmark crude oil […] Read more


Canadian Dollar and Business Outlook: As oil dips loonie slips

Canadian dollar slides further away from 74 U.S. cents

By MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar lost more ground on Friday morning, due to slight declines in global crude oil prices. As of 8:40 am CDT, the loonie was at US$0.7377 or C$1.3555, compared to Thursday’s close of US$0.7394 or US$1=C$1.35124. On the U.S. Dollar Index, the greenback was virtually unchanged […] Read more



Canadian Dollar and Business Outlook: Loonie lurches over 74 U.S. cents

Greenback lower, crude oil higher

By MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – The Canadian dollar was a pinch higher on Thursday morning, as the United States dollar pulled back and crude oil prices pushed upward. As of 8:36 am CDT, the loonie was at US$0.7404 or C$1.3508, compared to Wednesday’s close of US$0.7398 or US$1=C$1.3518. On the U.S. Dollar Index, […] Read more

Canadian Financial Close: C$ weakens Wednesday

By MarketsFarm   WINNIPEG, Aug. 16 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, hitting its softest level in over two months relative to its United States counterpart. The Canadian dollar settled at US$0.7398 or US$1=C$1.3518 on Wednesday, which compares with Tuesday’s close of US$0.7417 or US$1=C$1.3482. Wholesale sales in Canada were down by […] Read more


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, Aug. 16 (MarketsFarm) – The Canadian dollar was slightly softer relative to its United States counterpart Wednesday morning. At 9:02 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7405 or US$1=C$1.3504, which compares with Tuesday’s close of US$0.7417 or US$1=C$1.3409. Wholesale sales in Canada were down by 2.8 per cent […] Read more

Canadian Financial Close: Loonie pulled lower again

Crude continues to decrease

Compiled by MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – The Canadian dollar slid further Tuesday, devoid of support from crude oil prices, compounded by increased inflation in the country. The loonie closed at US$0.7417 or US$1=C$1.3482, compared to Monday’s finish of US$0.7429 or US$1=C$1.3461. On the U.S. Dollar Index, the greenback inched up 0.037 of a […] Read more