By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, as competing influences balanced off each other. The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Wednesday’s finish of US$0.7487 or US$1=C$1.3356. On the U.S. Dollar Index, the greenback dipped 0.075 of a point at 102.120. Benchmark crude […] Read more
Canadian Financial Close: Loonie stands pat
Declines in greenback, crude oil cancel each other
Canadian Dollar and Business Outlook: Loonie holding firm
Greenback, crude oil balance off each other
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, with little movement in the United States dollar and small increases in global crude oil prices. As of 8:45 am CST, the loonie was at US$0.7486 or C$1.3355, compared to Wednesday’s close of US$0.7487 or US$1=C$1.3356. On the […] Read more
Canadian Financial Close: Loonie loses more ground to greenback
Stronger crude oil limits declines
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar pulled back by nearly a quarter of a cent on Wednesday, as its United States counterpart continued to rebound. Meanwhile, declines in the loonie were tempered by sharp upticks in global crude oil prices. The Canadian dollar closed at US$0.7487 or US$1=C$1.33356, compared to […] Read more
Canadian Dollar and Business Outlook: Rising greenback pushes loonie below 75 U.S. cents
Modest gains in crude not enough to prop up loonie
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Wednesday morning, due to a stronger United States dollar. As of 8:35 am CST, the loonie was at US$0.7484 or C$1.3364, compared to Tuesday’s close of US$0.7510 or US$1=C$1.3316. On the U.S. Dollar Index, the greenback gained 0.339 of a point […] Read more
Canadian Financial Close: Higher greenback hits loonie hard
Declines in crude oil add to loonie's loses
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar lost ground on Tuesday to a stronger United States dollar as trading resumed after being closed on Monday for New Year’s. Weakness in crude oil prices also contributed to loonie’s downturn. The Canadian dollar closed at US$0.7510 or US$1=C$1.3316, compared to Friday’s finish of […] Read more
Canadian Dollar and Business Outlook: Stronger US$ pulls down loonie
Greenback overpowers gains in crude oil prices
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Tuesday morning, as trading resumed following the New year’s holiday. As of 8:33 am CST, the loonie was at US$0.7508 or C$1.3317, compared to Friday’s close of US$0.7561 or US$1=C$1.3226. On the U.S. Dollar Index, the greenback advanced 0.796 of a […] Read more
Canadian Financial Close: Loonie lower, but finishes year higher
Glacier FarmMedia MarketsFarm – The Canadian dollar eased further back again on Friday as 2023 wraps up. The loonie closed at US$0.7561 or US$1=C$1.3226, compared to US$0.7569 or US$1=C$1.3212 on Thursday. One year ago today, the Canadian dollar closed at US$0.7376 or US$1=C$1.3557. The United States Dollar Index was up 0.13 of a point at 101.35. […] Read more
Canadian Dollar and Business Outlook: Loonie slips lower
Declines despite higher crude prices
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Friday morning, as its United States counterpart reclaimed some of its lost strength. Support from upticks in global crude oil prices limited the loonie’s decline. As of 8:41 am CST, the Canadian dollar was at US$0.7548 or C$1.3249, compared to Thursday’s […] Read more
Canadian Financial Close: Canola down, crude oil falls
Glacier FarmMedia MarketsFarm – The Canadian dollar eased back from a five-month high on Thursday. The loonie closed at US$0.7569 or US$1=C$1.3212, compared to US$0.7573 or US$1=C$1.3205 on Wednesday. The United States Dollar Index was up 0.24 of a point at 101.23. Crude oil fell due to a buildup of supplies. Brent crude oil retreated […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Near equilibrium between greenback, crude oil
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, as a weaker United States dollar was balanced off by declines in crude oil prices. As of 8:37 am CST, the loonie was at US$0.7577 or C$1.3195, compared to Wednesday’s close of US$0.7543 or US$1=C$1.3258. On the U.S. […] Read more