WINNIPEG – The Canadian dollar was in retreat on Wednesday morning. The loonie was at US$0.7450 or US$1=C$1.3423, down from US$0.7493 or US$1=C$1.3345 at Tuesday’s close. The Canadian Real Estate Association (CREA) announced today that January home sales were down three per cent from the previous month and down 37.1 per cent from January 2022, […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil move downward
Canadian Financial Close: Loonie, TSX change little
WINNIPEG – The Canadian dollar was relatively steady on Tuesday, still short of the 75 United States cent mark. The loonie closed at US$0.7493 or US$1=C$1.3345, down from US$0.7495 or US$1=C$1.3343 on Monday. The U.S. Dollar Index lost 0.11 of a point at 103.24. Crude oil prices were lower after the U.S. released some of […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil falls
WINNIPEG – The Canadian dollar took a step back on Tuesday morning. The loonie was at US$0.7475 or US$1=C$1.3378, down from US$0.7495 or US$1=C$1.3343 at Monday’s close. The United States Dollar Index was down 0.07 of a point at 103.27. The U.S. Bureau of Labor Statistics reported today that the annual inflation rate declined by […] Read more
Canadian Financial Close: Loonie up, crude oil dips
WINNIPEG – The Canadian dollar inched closer to the 75 United States cent mark on Monday. The loonie closed at US$0.7495 or US$1=C$1.3343, up from US$0.7484 or US$1=C$1.3362 on Friday. The U.S. Dollar Index lost 0.35 of a point at 103.28. Crude oil prices were lower as loadings at the Turkish port of Ceyhan resumed […] Read more
Canadian Dollar and Business Outlook: Loonie steady, oil declines
WINNIPEG – The Canadian dollar was virtually unchanged on Monday morning. The loonie was at US$0.7487 or US$1=C$1.3356, up from US$0.7484 or US$1=C$1.3362 at Friday’s close. The United States Dollar Index was down 0.01 of a point at 103.63. Crude oil declined on Monday morning after tanker loadings resumed at the Ceyhan terminal in Turkey, […] Read more
Canadian Financial Close: Loonie advances ahead of weekend
Jobs report, crude oil provide support
Compiled by MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – The Canadian dollar was up Friday by more than a third of a cent due to a strong jobs report and strength in crude oil prices. An increase in the United States dollar tempered the upswing in the loonie The dollar closed at US$0.7484 or US$1=C$1.3362, compared […] Read more
Canadian Dollar and Business Outlook: Loonie climbing
StatCan reports surge in job growth
WINNIPEG, Feb. 10 (MarketsFarm) – The Canadian dollar was higher on Friday morning, benefitting from a strong jobs report and upticks in crude oil. As of 8:43 am CST, the loonie was at US$0.7483 or C$1.3361, compared to Thursday’s close of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback tacked on 0.124 of […] Read more
Canadian Financial Close: Loonie remains steady
Greenback, crude oil down on the day
Compiled by MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, despite weakness in the United States dollar and in global crude oil. The loonie closed at US$0.7448 or US$1=C$1.3427, compared to Wednesday’s close of US$0.7447 or US$1=C$1.3429. On the U.S. Dollar Index, the greenback was down 0.132 of a […] Read more
Canadian Dollar and Business Outlook: Loonie gains off of weaker greenback
Oil slips back, adding pressure
By MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – The Canadian dollar pushed higher on Thursday morning, aided by weakness in the United States dollar. As of 8:40 am CST, the loonie was at US$0.7468 or C$1.3391, compared to Wednesday’s close of US$0.7447 or US$1=C$1.3429. On the U.S. Dollar Index, the greenback gave up 0.717 of a […] Read more
Canadian Financial Close: Loonie sees tiny increase
BoC issues summary of deliberations for first time
Compiled by MarketsFarm WINNIPEG, Feb. 8 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday as pressure from a small increase in the United States dollar helped to balance off support from crude oil. The loonie closed at US$0.7447 or US$1=C$1.3429, compared to Tuesday’s close of US$0.7443 or US$1=C$1.3432. On the U.S. Dollar Index, […] Read more