Canadian Financial Close: Loonie, crude oil decline

Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back on Tuesday. The loonie closed at US$0.7364 or US$1=C$1.3579, compared to US$0.7385 or US$1=C$1.3541 on Monday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged. The United States Dollar Index was up […] Read more

Canadian Dollar and Business Outlook: Loonie retreats, crude oil rises

Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Tuesday. The loonie was at US$0.7365 or US$1=C$1.3578, lower than Monday’s close of US$0.7385 or US$1=C$1.3541. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many expecting the central bank to leave the rate unchanged. The United States Dollar Index […] Read more