Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Wednesday, as losses in crude oil contributed to the softer tone in the energy-linked currency. The Canadian dollar settled at US$0.7209 or US$1=C$1.3871, which compares with Tuesday’s close of US$0.7232 or US$1=C$1.3827. Broad strength in the U.S. dollar internationally accounted for much of the relative […] Read more
Canadian Financial Close: C$ weakens
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker relative to its United States counterpart Wednesday morning. At 8:40 a.m. CDT the Canadian dollar was trading at US$0.7225 or US$1=C$1.3841 which compares with Tuesday’s close of US$0.7232 or US$1=C$1.3827. News U.S. President Donald Trump was backtracking on his threats to fire Federal Reserve […] Read more
Canadian Financial Close: C$ steady
Glacier FarmMedia | MarketsFarm — The Canadian dollar held steady relative to its United States counterpart on Tuesday. The Canadian dollar settled at US$0.7232 or US$1=C$1.3827, which compares with Monday’s close of US$0.7236 or US$1=C$1.3820. Canada’s Industrial Product Price Index was up 0.5 per cent in March compared to the previous month, posting an annual […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker relative to its United States counterpart Tuesday morning. At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7222 or US$1=C$1.3847 which compares with Monday’s close of US$0.7236 or US$1=C$1.3820. Canada’s Industrial Product Price Index was up 0.5 per cent in March compared to […] Read more
Canadian Financial Close: Loonie swings higher
Greenback drops to three-year low
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was higher on Monday, as trading resumed following the Easter long weekend. The loonie closed on Monday at US$0.7236 or US$1=C$1.3820, compared to Thursday’s finish of US$0.7217 or US$1=C$1.3857. On the United States Dollar Index, the greenback dropped 0.994 of a point at […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Monday morning, although activity was somewhat subdued with European markets closed for Easter Monday. Some Canadian federal institutions are also closed today. Broad weakness in the United States dollar internationally accounted for some of the relative strength in the Canadian currency, amid ongoing uncertainty over […] Read more
Canadian Financial Close: Loonie above 72 U.S. cents
The Canadian dollar ended Thursday with its highest close since November. The loonie closed at US$0.7217 or US$1=C$1.3857, compared to US$0.7199 or US$1=C$1.3890 on Wednesday. The Bank of Canada will not release a closing exchange rate on Friday due to Good Friday. The United States Dollar Index was relatively steady, up 0.01 of a point […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil higher ahead of Easter
Glacier FarmMedia | MarketsFarm – The Canadian dollar was on the rise Thursday morning. The loonie was at US$0.7205 or US$1=C$1.3879 as of 8:39 a.m. CDT, higher than US$0.7199 or US$1=C$1.3890 at Wednesday’s close. The United States Dollar Index was up 0.09 of a point at 99.47. Markets in Canada and the U.S. will be closed […] Read more
Canadian Financial Close: Loonie up, gold sets new record
The Canadian dollar ended Wednesday just shy of the 72 United States cent mark. The loonie closed at US$0.7199 or US$1=C$1.3890, compared to US$0.7177 or US$1=C$1.3934 on Tuesday. The Bank of Canada announced this morning that it was leaving its key interest rate unchanged at 2.75 per cent. It was the first time the central […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil receives boost
The Canadian dollar made a slow climb upward on Wednesday morning. The loonie was at US$0.7181 or US$1=C$1.3920 as of 8:41 a.m. CDT, slightly higher than US$0.7177 or US$1=C$1.3926 at Tuesday’s close. The United States Dollar Index was down 0.59 of a point at 99.62. The Bank of Canada announced this morning it was leaving […] Read more