Glacier FarmMedia – The Canadian dollar surpassed the 72 United States cent mark on Monday morning after the release of new data from Statistics Canada. The loonie was at US$0.7201 or US$1=C$1.3887 as of 8:33 a.m. CST, compared to Friday’s close at US$0.7188 or US$1=C$1.3913. StatCan reported that the country’s annual inflation rate […] Read more
Canadian Dollar and Business Outlook: Loonie, inflation higher
Canadian financial close: C$ weakens Friday
Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Friday The Canadian dollar settled at US$0.7188 or US$1=C$1.3913, which compares with Thursday’s close of US$0.7195 or US$1=C$1.3899. Canada and China reached a preliminary deal that will see China lower its tariffs on Canadian products, including canola, in exchange for […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady relative to its United States counterpart Friday morning. At 9:18 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Thursday’s close of US$0.7195 or US$1=C$1.3899. Canada and China reached a preliminary deal that will see China lower its tariffs on Canadian […] Read more
Canadian financial close: C$ softens Thursday
The Canadian dollar weakened relative to its United States counterpart on Thursday as losses in crude oil weighed on the energy-linked currency. The Canadian dollar settled at US$0.7195 or US$1=C$1.3899, which compares with Wednesday’s close of US$0.7206 or US$1=C$1.3877. Canadian Prime Minister Mark Carney is in China this week, with trade a key topic of […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was weaker Thursday morning as losses in crude oil weighed on the currency. At 9:17 a.m. CST the Canadian dollar was trading at US$0.7185 or US$1=C$1.3918 which compares with Wednesday’s close of US$0.7206 or US$1=C$1.3877. Canadian manufacturing sales in Canada fell 1.2 per cent in November to C$70.8 billion, […] Read more
Canadian financial close: C$ firm Wednesday
Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart on Wednesday. The Canadian dollar settled at US$0.7206 or US$1=C$1.3877, which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886. Canadian Prime Minister Mark Carney is on a trade mission to China this week. The trip is the first by a […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning. At 9:07 a.m. CST the Canadian dollar was trading at US$0.7200 or US$1=C$1.3889 which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886. Canadian Prime Minister Mark Carney is in China this week, with trade expected to be a key topic of discussion. Carney’s […] Read more
Canadian financial close: C$ softens slightly
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart on Tuesday. The Canadian dollar settled at US$0.7201 or US$1=C$1.3886, which compares with Monday’s close of US$0.7207 or US$1=C$1.3875. While touring a Ford plant in Michigan, U.S. President Donald Trump claimed the country’s agreement with Canada and Mexico (CUSMA) was […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding relatively steady Tuesday morning amid broad geopolitical uncertainty. At 8:57 a.m. CST the Canadian dollar was trading at US$0.7206 or US$1=C$1.3877 which compares with Monday’s close of US$0.7207 or US$1=C$1.3875. The total value of building permits issued in Canada declined 13.1 per cent in November from the […] Read more
Canadian financial close: C$ firm Monday
Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart on Monday. The Canadian dollar settled at US$0.7207 or US$1=C$1.3875, which compares with Friday’s close of US$0.7196 or US$1=C$1.3896. Gold climbed to record highs to start the week, rising above US$4,600 per ounce for the first time ever. Currency and […] Read more