Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning as activity resumed after Tuesday’s Canada Day holiday. At 8:52 a.m. CDT the Canadian dollar was trading at US$0.7328 or US$1=C$1.3646 which compares with Monday’s close of US$0.7330 or US$1=C$1.3643. Crude oil prices were rising Wednesday amid heightened Mideast tensions. Iran enacted a […] Read more
Canadian dollar and business outlook
Canadian Financial Close: Loonie rises, new record-high for TSX
The Canadian dollar rose on Monday just hours before Canada Day. The loonie closed the day at US$0.7330 or US$1=C$1.3643, compared to US$0.7312 or US$1=C$1.3676 on Friday. Canada and the United States restarted trade talks earlier today after the former rescinded its planned digital services tax. U.S. President Donald Trump cited the levy as the […] Read more
Canadian Dollar and Business Outlook: Loonie steady, crude oil lower
Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Monday morning. The loonie was at US$0.7313 or US$1=C$1.3674 as of 8:32 a.m. CDT, compared to Friday’s close at US$0.7312 or US$1=C$1.3676. The United States Dollar Index was down 0.13 of a point at 97.27. Crude oil prices were lower due to easing […] Read more
Canadian Financial Close: Loonie slips following end to trade talks with U.S.
All negotiations end 'effective immediately' says Trump
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Friday, giving up nearly two-tenths of a United States cent. The loonie finished at US$0.7312 or US$1=C$1.3676, compared to Wednesday’s close of US$0.7331 or US$1=C$1.3640. The move came after U.S. President Donald Trump said he’s ending all trade talks with Canada […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Greenback, crude balance each other off
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Friday morning, with a small upticks in the United States dollar and in crude oil countering each other. As of 8:44 am CDT, the loonie was at US$0.7327 or US$1=C$1.3650 compared to Thursday’s close of US$0.7331 or US$1=C$1.3640. On the […] Read more
Canadian Financial Close: A boost for the loonie
Weakness in greenback fuels upswing
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar jumped about a half cent on Thursday, fueled by a downturn in its United States counterpart. The loonie finished at US$0.7331 or US$1=C$1.3640, compared to Wednesday’s close of US$0.7280 or US$1=C$1.3737. The U.S. Dollar Index lost 0.358 of a point at 96.915, the […] Read more
Canadian Dollar and Business Outlook: Loonie jumps above 73 U.S. cents
Greenback hits three-year lows
By Glen Hallick Glacier FarmMedia | MarketsFarm – There’s a hike in the Canadian dollar on Thursday morning, as its United States counterpart falls back. As of 8:35 am CDT, the loonie was at US$0.7324 or US$1=C$1.3655 compared to Wednesday’s close of US$0.7280 or US$1=C$1.3737. On the U.S. Dollar Index, the greenback lost 0.423 of […] Read more
Canadian Financial Close: Loonie can’t sustain gains
Canadian dollar reverses course to fall back
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped back on Wednesday, unable to increase on the rise in crude oil. The loonie finished at US$0.7280 or US$1=C$1.3737, compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. The United States Dollar Index dipped 0.135 of a point at 97.315. Benchmark crude oil […] Read more
Canadian Dollar and Business Outlook: Loonie slips lower
U.S. greenback on the rise
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Wednesday morning as its United States counterpart was higher. As of 8:43 am CDT, the loonie was at US$0.7275 or US$1=C$1.3746 compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. On the U.S. Dollar Index, the greenback added 0.265 of a point at […] Read more
Canadian Financial Close: Loonie closes short of 73 U.S. cents
StatCan provides relatively good news on inflation
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was stronger on Tuesday, but unable to remain above 73 U.S. cents. While the United States dollar turned weaker, as did crude oil prices. The loonie finished at US$0.7293 or US$1=C$1.3712, compared to Monday’s close of US$0.7270 or US$1=C$1.3755. The U.S. Dollar Index […] Read more