By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar drifted higher on Thursday morning, as it gets little direction from the United States dollar and crude oil. As of 8:38 am CST, the loonie was at US$0.7120 or US$1=C$1.4045, compared to Wednesday’s close of US$0.7113 or US$1=C$1.4059. On the U.S. Dollar Index, the […] Read more
Canadian Dollar and Business Outlook: Loonie drifts upward
Canadian Financial Close: Loonie pushes above 71 cents
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gained almost a quarter cent on Wednesday, getting some support from improved crude oil prices. The loonie closed at US$0.7113 or US$1=C$1.4059 compared to Tuesday’s close of US$0.7090 or US$1=C$1.4104. On the U.S. Dollar Index, the greenback dipped 0.069 of a point at […] Read more
Canadian Dollar and Business Outlook: Loonie nudges higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar inched up on Wednesday morning, trying to recover some lost ground. As of 8:41 am CST, the loonie was at US$0.7097 or US$1=C$1.4091, compared to Tuesday’s close of US$0.7090 or US$1=C$1.4104. On the U.S. Dollar Index, the greenback rose 0.211 of a point at […] Read more
Canadian Financial Close: Loonie barely budges
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar held steady on Tuesday, benefitting from a weaker United States dollar while fending off pressure from lower crude prices. The loonie closed at US$0.7090 or US$1=C$1.4104 compared to Monday’s close of US$0.7088 or US$1=C$1.4108. On the U.S. Dollar Index, the greenback pulled back […] Read more
Canadian Dollar and Business Outlook: Loonie unchanged
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was firm on Tuesday morning, as a lower United States dollar was balanced off by declines in crude oil. As of 8:34 am CST, the loonie was at US$0.7088 or US$1=C$1.4108, the same as Monday’s close. On the U.S. Dollar Index, the greenback gave […] Read more
Canadian Financial Close: Loonie inches back
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished relatively steady on Monday, as its United States counterpart followed suit while crude oil was stronger. The loonie closed at US$0.7088 or US$1=C$1.4108 compared to Friday’s close of US$0.7092 or US$1=C$1.4100. On the U.S. Dollar Index, the greenback was virtually unchanged at […] Read more
Canadian Dollar and Business Outlook: Loonie grinding lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar drifted lower on Monday morning, getting little direction from the United States dollar or crude oil. As of 8:39 am CST, the loonie was at US$0.7092 or US$1=C$1.4101 compared to Friday’s close of US$0.7102 or US$1=C$1.4109. On the U.S. Dollar Index, the greenback was […] Read more
Canadian Financial Close: Loonie, retail sales down
Glacier FarmMedia – The Canadian dollar ended the week by dipping below 71 United States cents for the first time since Nov. 6. The loonie dropped to US$0.7092 or US$1=C$1.4100 on Friday, compared to US$0.7102 or US$1=C$1.4080 on Thursday. Statistics Canada reported today that retail sales in September decreased 0.7 per cent at C$69.8 […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil drop ahead of weekend
Glacier FarmMedia – The Canadian dollar continued its downturn as the weekend approached. The loonie was at US$0.7092 or US$1=C$1.4100 as of 8:41 a.m. CST on Friday, compared to Thursday’s close at US$0.7102 or US$1=C$1.4008. The United States Dollar Index was up 0.07 of a point at 100.22. Crude oil prices were […] Read more
Canadian Financial Close: Loonie, stock markets down
Glacier FarmMedia – The Canadian dollar closed at its lowest level in two weeks on Thursday. The loonie dropped to US$0.7102 or US$1=C$1.4080, compared to US$0.7123 or US$1=C$1.4040 on Wednesday. The United States Dollar Index was up 0.02 of a point at 100.25. The U.S. Labor Department confirmed on Wednesday it will not […] Read more