Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Tuesday morning, as North American financial markets saw a continuation of Monday’s selloff amid ongoing tariff uncertainty. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.6938 or US$1=C$1.4413 which compares with Monday’s close of US$0.6930 or US$1=C$1.4431. The Bank of Canada […] Read more
Canadian dollar and business outlook
Canadian Financial Close: C$ weakens Monday
Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of an expected interest rate cut from the Bank of Canada later this week. Losses in equity markets and crude oil contributed to the softer tone. The Canadian dollar settled at US$0.6930 or US$1=C$1.4431, which compares with […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker Monday morning, amid ongoing uncertainty over tariffs from both China and the United States. At 8:45 a.m. CST the Canadian dollar was trading at US$0.6930 or US$1=C$1.4430 which compares with Friday’s close of US$0.6958 or US$1=C$1.4371. The Bank of Canada is scheduled to make […] Read more
Canadian Financial Close: Loonie turns lower
Trump looking to tariff Canadian dairy, lumber
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back on Friday, giving up the previous day’s gains. The loonie closed Friday at US$0.6958 or US$1=C$1.4371, compared to Thursday’s finish of US$0.6989 or US$1=C$1.4309. On the U.S. Dollar Index, the greenback stepped back 0.238 of a point at 103.445. United States […] Read more
Canadian Dollar and Business Outlook: Loonie a little lower
Trump grants pause to tariffs
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar pulled back on Friday morning in the aftermath of sudden changes to United States tariffs. As of 8:37 am CST, the loonie was at US$0.6966 or US$1=C$1.4353 compared to Thursday’s close of US$0.6989 or US$1=C$1.4309. On the U.S. Dollar Index, the greenback was down 0.403 […] Read more
Canadian Financial Close: Canada scores one-month reprieve
Loonie retakes more ground
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued its upward swing on Thursday, after United States President Donald Trump agreed to one-month tariff reprieves for Canada and Mexico for goods covered under CUSMA. The loonie closed Thursday at US$0.6989 or US$1=C$1.4309, compared to Wednesday’s finish of US$0.6959 or US$1=C$1.4370. On […] Read more
Canadian Dollar and Business Outlook: Loonie boosted by weaker U.S. dollar
Crude oil up modestly
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was higher on Thursday morning as its United States counterpart continued to slide downward. As of 8:34 am CST, the loonie was at US$0.6969 or US$1=C$1.4347 compared to Wednesday’s close of US$0.6959 or US$1=C$1.4370. On the U.S. Dollar Index, the greenback gave up 0.282 of […] Read more
Canadian Financial Close: Loonie rebounds
Greenback tumbles further due to tariffs
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar jumped more than a half cent on Wednesday, propelled by more weakness in its United States counterpart while gains were tempered by declines in crude oil. The loonie closed Wednesday at US$0.6959 or US$1=C$1.4370, compared to Tuesday’s finish of US$0.6902 or US$1=C$1.4489. On […] Read more
Canadian Dollar and Business Outlook: Loonie on the rise
Are changes to U.S. tariffs on horizon?
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar swung higher on Wednesday morning following talk the Trump administration could be willing to ease off the tariffs they imposed yesterday. As of 8:35 am CST, the loonie was at US$0.6961 or US$1=C$1.4362 compared to Tuesday’s close of US$0.6902 or US$1=C$1.4489. On the U.S. Dollar […] Read more
Canadian Financial Close: Tariffs pull loonie lower
Trudeau announces counter measures to Trump tariffs
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back on Tuesday, as the financial markets reacted to the tariffs imposed by United States President Donald Trump. The loonie closed Tuesday at US$0.6902 or US$1=C$1.4489, compared to Monday’s finish of US$0.6931 or US$1=C$1.4428. On the U.S. Dollar Index, the greenback fell […] Read more