Glacier FarmMedia – The Canadian dollar moved slightly higher on Friday, ending the week on a high note. The loonie settled at US$0.7263 or US$1=C$1.3769, compared to US$0.7260 or US$1=C$1.3774 on Thursday. The United States Dollar Index was up 0.03 of a point at 98.37. Crude oil prices were lower due to […] Read more
Canadian Financial Close: Loonie, crude oil move slightly
Canadian Dollar and Business Outlook: Little movement for loonie, crude oil
Glacier FarmMedia – The Canadian dollar continued to move upwards on Friday morning. The loonie was at US$0.7266 or US$1=C$1.3763 as of 8:47 a.m. CST, compared to Thursday’s close at US$0.7260 or US$1=C$1.3774. The United States Dollar Index was up 0.09 of a point at 98.44. Crude oil prices nudged lower due […] Read more
Canadian Financial Close: Loonie climbs, crude oil reverses
Glacier FarmMedia – The Canadian dollar ended Thursday with its highest close since Sept. 17. The loonie jumped to US$0.7260 or US$1=C$1.3774, compared to US$0.7228 or US$1=C$1.3835 on Wednesday and the U.S. Dollar Index dropped 0.47 of a point at 98.32. This followed the Bank of Canada maintaining its key rates of 2.25 per […] Read more
Canadian Dollar and Business Outlook: Loonie surges, crude oil falls
Glacier FarmMedia – The Canadian dollar jumped Thursday morning, the day after the Bank of Canada’s latest interest rate announcement. The loonie was at US$0.7256 or US$1=C$1.3782 as of 8:35 a.m. CST, compared to Wednesday’s close at US$0.7228 or US$1=C$1.3835. The BoC left its key interest rates unchanged at 2.25 per cent. The […] Read more
Canadian Financial Close: BoC, Fed decide on interest rates
Glacier FarmMedia – The Canadian dollar nudged a little higher on Wednesday, after the Bank of Canada and the United States Federal Reserve announced their respective interest rate decisions. The loonie increased to US$0.7228 or US$1=C$1.38435, compared to US$0.7223 or US$1=C$1.3844 on Tuesday. In meeting analysts’ expectations, the BoC maintained its key rates of […] Read more
Canadian Dollar and Business Outlook: BoC leaves rate as is
Glacier FarmMedia – The Canadian dollar dipped a little on Wednesday after the Bank of Canada’s latest interest rate announcement. The loonie was at US$0.7217 or US$1=C$1.3856 as of 8:53 a.m. CST, compared to Tuesday’s close at US$0.7223 or US$1=C$1.3844. The BoC announced this morning it’s leaving its key interest rates unchanged at 2.25 […] Read more
Canadian Financial Close: Loonie lower ahead of BoC, Fed announcements
Glacier FarmMedia – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada and the United States Federal Reserve announce their respective key interest rates. The loonie declined to US$0.7223 or US$1=C$1.3844 on Tuesday, compared to US$0.7227 or US$1=C$1.3837 on Monday. The BoC is expected to maintain […] Read more
Canadian Financial Close: Little change for loonie, crude oil
Glacier FarmMedia – The Canadian dollar was relatively steady going into Tuesday, getting little direction from the United States dollar or crude oil. The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7227 or US$1=C$1.3837. The Bank of Canada will make its final interest rate decision […] Read more
Canadian Financial Close: Loonie rises, crude oil drops
Glacier FarmMedia – The Canadian dollar continued to rise, seeing its highest close since Sept. 23. The loonie jumped to US$0.7227 or US$1=C$1.3837 on Monday, compared to US$0.7215 or US$1=C$1.3860 on Friday. The Bank of Canada will make its final interest rate announcement of 2025 on Wednesday. The United States Dollar Index was […] Read more
Canadian Dollar and Business Outlook: Loonie continues to gain strength
Glacier FarmMedia – The Canadian dollar was on the rise coming out of the weekend, as its United States counterpart was relatively steady and crude oil peeled back. The loonie was at US$0.7239 or US$1=C$1.3814 as of 8:39 a.m. CST on Monday, compared to Friday’s close at US$0.7215 or US$1=C$1.3860. The U.S. Dollar […] Read more