By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was on the rise Monday morning, gleaning support from upticks in global crude oil prices, but stymied by slight gains in the United States dollar. As of 8:44 am CDT, the loonie was at US$0.7581 or C$1.3186, compared to Friday’s close of US$0.7557 or US$1=C$1.3232. […] Read more
Canadian Dollar and Business Outlook: Oil underpinning loonie
Global demand for crude to hit record highs
Canadian Financial Close: Loonie dips despite support
Greenback slips, crude oil bumps up
Compiled by MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar eased back on Friday, despite a slightly weaker United States dollar and small increases in crude oil prices. The loonie closed at US$0.7557 or US$1=C$1.3232, compared to Thursday’s finish of US$0.7575 or US$1=C$1.3240. On the U.S. Dollar Index the greenback slipped 0.119 of a […] Read more
Canadian Dollar and Business Outlook: Loonie slips back
StatCan issues Q2 report
By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar move lower on Friday morning, pressured by small declines in global crude oil prices. However, the pull back was limited by a slight drop in the United States dollar and good economic news from Statistics Canada As of 8:36 am CDT, the loonie was at […] Read more
Canadian Financial Close: Loonie, crude oil advance
WINNIPEG – The Canadian dollar was slightly stronger against the United States dollar on Thursday. The loonie closed at US$0.7575 or US$1=C$1.3201, compared to US$0.7564 or US$1=C$1.3220 on Wednesday. The U.S. Dollar Index was up 0.93 of a point at 101.81. The U.S. Federal Reserve announced on Wednesday it will raise key interest rates by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil move upward
WINNIPEG – The Canadian dollar advanced on Thursday morning with help from rising crude oil prices. The loonie was at US$0.7579 or US$1=C$1.3194, up from US$0.7564 or US$1=C$1.3220 on Wednesday. The United States Dollar Index added 0.74 points to 101.63, the day after the U.S. Federal Reserve raised its key interest rates by 25 points […] Read more
Canadian Financial Close: Loonie forgoes about two-tenths of a cent
U.S. Fed ups its interest rates
Compiled by MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar retreated on Wednesday, due to declines in crude oil prices but losses were cushioned by a weaker United States dollar. The loonie closed at US$0.7564 or US$1=C$1.3220, compared to Tuesday’s finish of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index the greenback pulled back […] Read more
Canadian Dollar and Business Outlook: Loonie lower with dip in crude oil
Declines in U.S. greenback limit loonie's losses
By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was pulling back on Wednesday morning, due to declines in global crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7563 or C$1.3214, compared to Tuesday’s close of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index, the greenback slipped 0.146 of a […] Read more
Canadian Financial Close: Loonie down, crude oil up
WINNIPEG – The Canadian dollar was slightly weaker against the United States dollar on Tuesday. The loonie closed at US$0.7585 or US$1=C$1.3184, compared to US$0.7592 or US$1=C$1.3172 on Monday. The U.S. Dollar Index was down 0.07 of a point at 101.28. Crude oil made gains due to upcoming economic measures to be implemented by China […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil ease off
WINNIPEG – The Canadian dollar took a step away from the 76 United States cent mark on Tuesday morning. The loonie was at US$0.7575 or US$1=C$1.3201, down from US$0.7592 or US$1=C$1.3172 on Monday. The United States Dollar Index gained 0.22 points to 101.57. Crude oil showed small declines despite tighter supply and China’s plans to […] Read more
Canadian Financial Close: Loonie closes in on 76 U.S. cents
A stronger greenback limits loonie's gains
Compiled by MarketsFarm WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar gained almost a quarter cent on Monday, propelled by higher prices for crude oil. However, further gains were held back by strength in the United States dollar. The loonie closed at US$0.7592 or US$1=C$1.3172, compared to Friday’s finish of US$0.7569 or US$1=C$1.3212. On the […] Read more