Glacier FarmMedia | MarketsFarm – The Canadian dollar made its way closer to the 70 United States cent mark after the release of new economic news. The loonie was at US$0.6998 or US$1=C$1.4290 as of 8:49 a.m. CDT, compared to Monday’s close at US$0.6991 or US$1=C$1.4304. Statistics Canada reported today that the annual rate of […] Read more
Canadian Dollar and Business Outlook: Loonie up, inflation rises
Canadian Financial Close: Loonie up, gold hits all-time high
Glacier FarmMedia | MarketsFarm – The Canadian dollar attained its highest close in nearly three weeks on Monday. The loonie ended the day at US$0.6991 or US$1=C$1.4304, compared to US$0.6950 or US$1=C$1.4388 on Friday. The United States Dollar Index declined 0.33 of a point at 103.39. The U.S. Commerce Department reported February retail sales did not […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
Glacier FarmMedia | MarketsFarm – The Canadian dollar was on the rise coming out of the weekend. The loonie was at US$0.6973 or US$1=C$1.4341 as of 8:32 a.m. CDT, compared to Friday’s close at US$0.6950 or US$1=C$1.4388. The United States Dollar Index was down 0.21 of a point at 103.50. February retail sales in the […] Read more
Canadian Financial Close: Loonie up, Carney swears in as new PM
Glacier FarmMedia | MarketsFarm – The Canadian dollar made up some ground on Friday, the first day of a new era in Canadian politics. The loonie ended the day at US$0.6950 or US$1=C$1.4388, compared to US$0.6940 or US$1=C$1.4409 on Thursday. Mark Carney was sworn in as Canada’s 24th Prime Minister, as well as his cabinet, […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Friday morning amid ongoing tariff uncertainty. At 8:51 a.m. CDT the Canadian dollar was trading at US$0.6950 or US$1=C$1.4388 which compares with Thursday’s close of US$0.6940 or US$1=C$1.4409. Canadian manufacturing sales were up by 1.7 per cent in January to C$73.0 billion, reported […] Read more
Canadian Financial Close: C$ weakens Thursday
Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Thursday amid ongoing uncertainty over the escalating trade war with the United States. The Canadian dollar settled at US$0.6940 or US$1=C$1.4409, which compares with Wednesday’s close of US$0.6949 or US$1=C$1.4391. The total value of building permits issued in Canada dipped by 3.2 per cent […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Thursday morning amid ongoing tariff uncertainty. At 8:52 a.m. CDT the Canadian dollar was trading at US$0.6951 or US$1=C$1.4386 which compares with Wednesday’s close of US$0.6949 or US$1=C$1.4391. The total value of building permits issued in Canada dipped by 3.2 per cent in […] Read more
Canadian Financial Close: C$ strengthens following BoC rate cut
Glacier FarmMedia | MarketsFarm — The Canadian dollar strengthened relative to its United States counterpart on Wednesday, as currency traders reacted to the latest interest rate announcement from the Bank of Canada. The Canadian dollar settled at US$0.6949 or US$1=C$1.4391, which compares with Tuesday’s close of US$0.6920 or US$1=C$1.4451. The BoC lowered its key overnight […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was firm Wednesday morning as currency traders reacted to the latest policy decision from the Bank of Canada. At 9:31 a.m. CDT the Canadian dollar was trading at US$0.6937 or US$1=C$1.4415 which compares with Tuesday’s close of US$0.6920 or US$1=C$1.4451. Canada’s central bank lowered its key overnight […] Read more
Canadian Financial Close: C$ softens amid tariff threats
Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Tuesday, as currency traders reacted to the latest tariff threats from the United States. The Canadian dollar settled at US$0.6920 or US$1=C$1.4451, which compares with Monday’s close of US$0.6930 or US$1=C$1.4431. U.S. President Donald Trump threatened to raise tariffs on Canadian steel and aluminum […] Read more