Glacier FarmMedia – The Canadian dollar gained some ground on Friday and will end the week on a high note. The loonie closed at US$0.7253 or US$1=C$1.3788, compared to US$0.7248 or US$1=C$1.3797 on Thursday. The dollar ended last week at US$0.7221 or US$1=C$1.3848. The United States Dollar Index was up 0.30 of a […] Read more
Canadian Financial Close: Loonie higher, TSX sets new record
Canadian Dollar and Business Outlook: Loonie down, TSX flying high
Glacier FarmMedia — The Canadian dollar continued its downturn on Friday morning. The loonie was at US$0.7238 or US$1=C$1.3816 as of 8:30 a.m. CDT, compared to Thursday’s close at US$0.7248 or US$1=C$1.3797. The United States Dollar Index was up 0.31 of a point at 97.65. Crude oil prices declined as demand concerns […] Read more
Canadian Financial Close: Loonie, crude oil give up ground
Glacier FarmMedia – The Canadian dollar retreated further on Thursday, one day after the Bank of Canada and the United States Federal Reserve made identical key interest rate cuts. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7267 or US$1=C$1.3760 on Wednesday. The BoC announced yesterday it cut its overnight rate by 25 […] Read more
Canadian Dollar and Business Outlook: Loonie lower, crude oil firmer
Glacier FarmMedia – The Canadian dollar took a step back on Thursday, one day after the Bank of Canada and the United States Federal Reserve cut their key interest rates. The loonie was at US$0.7246 or US$1=C$1.3800 as of 8:29 a.m. CDT, compared to Wednesday’s close at US$0.7267 or US$1=C$1.3760. The BoC announced yesterday […] Read more
Canadian Financial Close: Loonie retreats after central bank announcements
Glacier FarmMedia – The Canadian dollar stepped back on Wednesday after the Bank of Canada and the United States Federal Reserve made identical key interest rate cuts. The loonie closed at US$0.7267 or US$1=C$1.3760, compared to US$0.7274 or US$1=C$1.3748 on Tuesday. The BoC announced this morning it cut its overnight rate by 25 basis […] Read more
Canadian Dollar and Business Outlook: Loonie down as BoC cuts rate
Glacier FarmMedia – The Canadian dollar declined on Wednesday morning ahead of announcements from the Bank of Canada and the United States Federal Reserve. The loonie was at US$0.7268 or US$1=C$1.3759 as of 8:57 a.m. CDT, compared to Tuesday’s close at US$0.7274 or US$1=C$1.3748. The Bank of Canada announced this morning it cut its […] Read more
Canadian Financial Close: More gains for loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pushed higher on Tuesday, as its United States counterpart fell back and there were gains in crude oil. The increase in the loonie comes before tomorrow morning’s Bank of Canada interest rate announcement. The U.S. Federal Reserve follows with its announcement in the […] Read more
Canadian Dollar and Business Outlook: Loonie adds third of a cent
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was stronger on Tuesday morning, as its United States counterpart lost ground and crude oil continued upward. As of 8:35 am CDT, the loonie was at US$0.7278 or US$1=C$1.3739 compared to Monday’s close of US$0.7244 or US$1=C$1.3804. On the U.S. Dollar Index, the greenback […] Read more
Canadian Financial Close: Loonie gains ground
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar climbed nearly a quarter of a cent on Monday, propelled upward by a lower United States dollar and gains in crude oil. Also a factor was positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada and the U.S. Federal Reserve. […] Read more
Canadian Dollar and Business Outlook: Loonie regains some ground
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was higher Monday morning, as its United States counterpart was lower and there were gains in crude oil. As of 8:39 am CDT, the loonie was at US$0.7230 or US$1=C$1.3832 compared to Friday’s close of US$0.7221 or US$1=C$1.3848. On the U.S. Dollar Index, the […] Read more