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$4,600 per ounce for the first time ever. Currency and […] Read more
Canadian financial close: C$ firm Monday
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart Monday morning amid broad geopolitical uncertainty and general risk aversion. At 8:46 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Friday’s close of US$0.7196 or US$1=C$1.3896. Gold climbed to record highs to start the […] Read more
Canadian Financial Close: Loonie keeps falling back
By Glen Hallick Glacier FarmMedia – The Canadian dollar slipped below 72 U.S. cents at the close on Friday, as the currency continued its downward slide. The loonie finished at US$0.7196 or US$1=C$1.3896 compared to Thursday’s finish of US$0.7212 or US$1=C$1.3866. On the United States Dollar Index, the greenback remained on its upswing, tacking on […] Read more
Canadian Dollar and Business Outlook: Loonie sliding towards 72 U.S. cents
By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up more ground on Friday morning, in its ongoing downward slide. As of 8:40 am CST, the loonie was at US$0.7206 or US$1=C$1.3878, compared to Thursday’s close of US$0.7212 or US$1=C$1.3866 On the United States Dollar Index, the greenback bumped up 0.152 of a point […] Read more
Canadian Financial Close: Loonie can’t catch a break
By Glen Hallick Glacier FarmMedia – The Canadian dollar dropped more than two-tenths of a cent on Thursday, giving up more ground to an improving United States dollar. The decline was limited by sharp upticks in crude oil. Since the start of the new year, the Canadian dollar has lost about seven-tenths of a cent. […] Read more
Canadian Dollar and Business Outlook: Loonie keeps retreating
By Glen Hallick Glacier FarmMedia – The Canadian dollar continued to pull back on Thursday morning, losing ground to upticks in the United States dollar, while increases in crude oil tempered the decline. As of 8:36 am CST, the loonie was at US$0.7216 or US$1=C$1.3857, compared to Wednesday’s close of US$0.7234 or US$1=C$1.3823 On the […] Read more
Canadian Financial Close: More losses for loonie
By Glen Hallick Glacier FarmMedia – The Canadian dollar fell nearly two-tenths of a cent on Wednesday, with pressure coming from an increase in the United States dollar and declines in crude oil. The loonie closed at US$0.7234 or US$1=C$1.3823 compared to Tuesday’s finish of US$0.7252 or US$1=C$1.3789. On the U.S. Dollar Index, the greenback […] Read more
Canadian Dollar and Business Outlook: Loonie drifts lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Wednesday morning, getting little direction from the United States dollar and crude oil. As of 8:42 am CST, the loonie was at US$0.7246 or US$1=C$1.3798, compared to Tuesday’s close of US$0.7252 or US$1=C$1.3789 On the U.S. Dollar Index, the greenback shed […] Read more
Canadian Financial Close: Loonie slips
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar gave up about a tenth of a cent on Tuesday but held off the worst of the pressure from a stronger United States dollar and weaker crude oil. The loonie closed at US$0.7252 or US$1=C$1.3789 compared to Monday’s close of US$0.7263 or US$1=C$1.3768. On […] Read more
Canadian Dollar and Business Outlook: Loonie holding form
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Tuesday morning, as upticks in the United States dollar and crude oil essentially cancelled out each other. As of 8:39 am CST, the loonie was at US$0.7266 or US$1=C$1.3763, compared to Monday’s close of US$0.7263 or US$1=C$1.3768 On the U.S. […] Read more