Canadian Financial Close: Loonie down, TSX surges

Glacier FarmMedia – The Canadian dollar declined for the second straight day on Wednesday as crude oil prices eased off.      The loonie closed at US$0.7246 or US$1=C$1.3801, compared to US$0.7267 or C$1=C$1.3761 on Tuesday.      The United States Dollar Index gained 0.20 of a point at 99.63.      Crude oil retreated after the U.S. […] Read more











Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly firmer Friday morning. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7295 or US$1=C$1.3708 which compares with Thursday’s close of US$0.7284 or US$1=C$1.3728. Retail sales in Canada were up by 1.1 per cent in January from the previous month at C$70.7 billion, reported Statistics Canada. […] Read more

Canadian financial close: C$ weakens Thursday

Glacier FarmMedia — The Canadian dollar was slightly softer on Thursday. The Canadian dollar settled at US$0.7284 or US$1=C$1.3728, which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. The Bank of Canada and the U.S. Federal Reserve left their key interest rates unchanged in policy announcements on Wednesday but warned of higher inflation. The Bank […] Read more