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 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



Canadian Financial Close: Loonie forgoes about two-tenths of a cent

U.S. Fed ups its interest rates

Compiled by MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar retreated on Wednesday, due to declines in crude oil prices but losses were cushioned by a weaker United States dollar. The loonie closed at US$0.7564 or US$1=C$1.3220, compared to Tuesday’s finish of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index the greenback pulled back […] Read more

Canadian Dollar and Business Outlook: Loonie lower with dip in crude oil

Declines in U.S. greenback limit loonie's losses

By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was pulling back on Wednesday morning, due to declines in global crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7563 or C$1.3214, compared to Tuesday’s close of US$0.7585 or US$1=C$1.3184. On the U.S. Dollar Index, the greenback slipped 0.146 of a […] Read more