Canadian Dollar and Business Outlook: Oil underpinning loonie

Global demand for crude to hit record highs

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 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 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 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 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