By Glen Hallick Glacier FarmMedia | MarketsFarm – There’s a hike in the Canadian dollar on Thursday morning, as its United States counterpart falls back. As of 8:35 am CDT, the loonie was at US$0.7324 or US$1=C$1.3655 compared to Wednesday’s close of US$0.7280 or US$1=C$1.3737. On the U.S. Dollar Index, the greenback lost 0.423 of […] Read more
Canadian Dollar and Business Outlook: Loonie jumps above 73 U.S. cents
Greenback hits three-year lows
Canadian Financial Close: Loonie can’t sustain gains
Canadian dollar reverses course to fall back
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped back on Wednesday, unable to increase on the rise in crude oil. The loonie finished at US$0.7280 or US$1=C$1.3737, compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. The United States Dollar Index dipped 0.135 of a point at 97.315. Benchmark crude oil […] Read more
Canadian Dollar and Business Outlook: Loonie slips lower
U.S. greenback on the rise
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Wednesday morning as its United States counterpart was higher. As of 8:43 am CDT, the loonie was at US$0.7275 or US$1=C$1.3746 compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. On the U.S. Dollar Index, the greenback added 0.265 of a point at […] Read more
Canadian Financial Close: Loonie closes short of 73 U.S. cents
StatCan provides relatively good news on inflation
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was stronger on Tuesday, but unable to remain above 73 U.S. cents. While the United States dollar turned weaker, as did crude oil prices. The loonie finished at US$0.7293 or US$1=C$1.3712, compared to Monday’s close of US$0.7270 or US$1=C$1.3755. The U.S. Dollar Index […] Read more
Canadian Dollar and Business Outlook: Loonie finding strength
StatCan issues inflation report
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar turned around to push higher on Tuesday morning due to weakness in its United States counterpart and a good economic news. Declines in crude oil tempered the upside. As of 8:37 am CDT, the loonie was at US$0.7294 or US$1=C$1.3709 compared to Monday’s close of […] Read more
Canadian Financial Close: Crude pulls down loonie
Greenback losses soften the blow
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to step back on Monday, with weakness in crude oil weighing on values. However, losses in the United States dollar tempered further declines. The loonie finished at US$0.7270 or US$1=C$1.3755, compared to Friday’s close of US$0.7284 or US$1=C$1.3728. The U.S. Dollar Index […] Read more
Canadian Dollar and Business Outlook: Weaker loonie
U.S. greenback swings higher
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar fell back on Monday morning as its United States counterpart gained strength. As of 8:35 am CDT, the loonie was at US$0.7258 or US$1=C$1.3775 compared to Friday’s close of US$0.7284 or US$1=C$1.3728. On the U.S. Dollar Index, the greenback advanced 0.568 of a point at […] Read more
Canadian Financial Close: Loonie ends down on the week
Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Friday to end a negative week for the currency. The loonie closed the day at US$0.7284 or US$1=C$1.3728, compared to US$0.7287 or US$1=C$1.36724 on Thursday. It ended the week down seven-tenths of a U.S. cent compared to June 13. The United States Dollar Index […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil diverges
Glacier FarmMedia | MarketsFarm – The Canadian dollar saw a slight decline on Friday morning, putting it on track for one of its worst performing weeks in recent memory. The loonie was at US$0.7283 or US$1=C$1.3731 as of 8:34 a.m. CDT, compared to Thursday’s close at US$0.7287 or US$1=C$1.3724. The United States Dollar Index was down […] Read more
Canadian Financial Close: Canada’s unemployment rate rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back below the 73 United States cent mark on Thursday. The loonie closed the day at US$0.7287 or US$1=C$1.3724, compared to US$0.7314 or US$1=C$1.3673 on Wednesday. Statistics Canada reported on Thursday that the country’s unemployment rate increased to 6.9 per cent in April, compared to 6.2 […] Read more