Canadian Financial Close: Sharp gains in U.S. dollar weigh on loonie

High crude oil caps loonie's decline

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Thursday in the face of a stronger United States dollar. Increases in crude oil stemmed the loonie’s decline. The Canadian dollar closed Thursday at US$0.7228 or US$1=C$1.3836, compared to Wednesday’s finish of US$0.7240 or US$1=C$1.3812. On the U.S. Dollar Index, […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

Greenback stronger, crude lower

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning held in check by a stronger United States dollar and declines in crude oil. As of 8:37 am CDT, the loonie was at US$0.7243 or US$1=C$1.3808 compared to Wednesday’s close of US$0.7242 or US$1=C$1.3809. On the United States Dollar […] Read more


Canadian Financial Close: Loonie fights off pressure to rise higher

Economy shrinks in February

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar added nearly two-tenths of a cent on Wednesday, despite news Canada’s economy contracted in February. The loonie closed Wednesday at US$0.7240 or US$1=C$1.3812, compared to Tuesday’s finish of US$0.7222 or US$1=C$1.3847. On the United States Dollar Index, the greenback rose 0.457 of a […] Read more

Canadian Dollar and Business Outlook: Loonie nudges upward

Canada's real GDP slides 0.2 per cent

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar bumped up on Wednesday morning despite a decline in Canada’s gross domestic product in February. As of 8:33 am CDT, the loonie was at US$0.7229 or US$1=C$1.3834 compared to Tuesday’s close of US$0.7222 or US$1=C$1.3847. On the United States Dollar Index, the greenback added 0.232 […] Read more



Canadian Dollar and Business Outlook: Loonie adds some strength

Crude oil lower on trade war concerns

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was a little higher on Tuesday morning following the Liberal minority win in last night’s federal election. As of 8:33 am CDT, the loonie was at US$0.7228 or US$1=C$1.3835 compared to Monday’s close of US$0.7220 or US$1=C$1.3850. On the index, the greenback nudged up 0.051 […] Read more


Canadian Financial Close: Loonie climbs a pinch higher

U.S. dollar continues sliding back

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar nudged up on Monday as its United States counterpart weakened. However, gains were capped by losses in crude oil. The loonie closed on Monday at US$0.7220 or US$1=C$1.3850, compared to Friday’s finish of US$0.7213 or US$1=C$1.3863. On the U.S. Dollar Index, the greenback […] Read more

Canadian Dollar and Business Outlook: Loonie firm to start Monday

Canadians selecting next government today

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Election Day morning. As of 8:35 am CDT, the loonie was at US$0.7217 or US$1=C$1.3860 compared to Friday’s close of US$0.7213 or US$1=C$1.3863. On the index, the greenback added 0.141 points at 99.395. As Canadians head to the polls today, U.S. […] Read more


Canadian Financial Close: C$ firms in pre-weekend trade

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Friday. The Canadian dollar settled at US$0.7213 or US$1=C$1.3863, which compares with Thursday’s close of US$0.7209 or US$1=C$1.3872. Canadian retail sales decreased by 0.4 per cent in February to C$69.3 billion, reported Statistics Canada. However, core retail sales were up 0.5 per cent […] Read more

Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer relative to its United States counterpart Friday morning. At 9:17 a.m. CDT the Canadian dollar was trading at US$0.7215 or US$1=C$1.3860 which compares with Thursday’s close of US$0.7209 or US$1=C$1.3872. Canadian retail sales decreased by 0.4 per cent in February to C$69.3 billion, reported […] Read more