By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar slipped a little further on Thursday morning in the face of more strength in the United States dollar. As of 8:37 am CDT, the loonie was at US$0.7490 or C$1.3353, compared to Wednesday’s close of US$0.7499 or US$1=C$1.3335. On the U.S. Dollar Index, the greenback […] Read more
Canadian Dollar and Business Outlook: Loonie falls further
Little support coming from crude oil
Canadian Financial Close: Loonie dips below 75 U.S. cents
Greenback continues to gain strength
Compiled by MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar gave up a quarter of a cent on Wednesday as the United States dollar pressed ahead with its upward trajectory and crude oil prices fell back. The loonie closed at US$0.7499 or US$1=C$1.3335, compared to Tuesday’s finish of US$0.7524 or US$1=C$1.3291. On the U.S. […] Read more
Canadian Dollar and Business Outlook: Loonie continues to lose ground
Greenback remains on the rise
By MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar remained on its slide Wednesday morning, getting pressure from modest gains in the United States dollar but losses were tempered by slight increases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7505 or C$1.3327, compared to Tuesday’s close of US$0.7524 or […] Read more
Canadian Financial Close: Rising greenback drives down loonie
Crude oil dips
Compiled by MarketsFarm WINNIPEG, Aug. 1 (MarketsFarm) – The Canadian dollar was pulled lower on Tuesday by a stronger United States dollar and lower crude oil prices. The loonie closed at US$0.7524 or US$1=C$1.3291, compared to Monday’s finish of US$0.7589 or US$1=C$1.3177. On the U.S. Dollar Index, the greenback advanced 0.404 of a point at […] Read more
Canadian Dollar and Business Outlook: Upswing in greenback weakens loonie
Oil slips back, gold tumbles
By MarketsFarm WINNIPEG, Aug. 1 (MarketsFarm) – The Canadian dollar fell back Tuesday morning as the United States dollar was on the rise and as crude oil prices dipped. As of 8:34 am CDT, the loonie was at US$0.7533 or C$1.3275, compared to Monday’s close of US$0.7589 or US$1=C$1.3177. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: Boost in crude prices pushes up loonie
Lower global, Canadian crude output
Compiled by MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar gained some ground on Monday, due to upticks in global and domestic oil prices. With the loonie’s close yet to be finalized by the Bank of Canada, the currency was at US$0.7582 or US$1=C$1.3190, compared to Friday’s finish of US$0.7557 or US$1=C$1.3232. On the […] Read more
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 Dollar and Business Outlook: Loonie slips back
StatCan issues Q2 report
By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar move lower on Friday morning, pressured by small declines in global crude oil prices. However, the pull back was limited by a slight drop in the United States dollar and good economic news from Statistics Canada As of 8:36 am CDT, the loonie was at […] 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