Canadian Financial Close: TSX, gold set new records

Glacier FarmMedia – The Canadian dollar stayed relatively steady coming out of the weekend.      The loonie closed at US$0.7166 or US$1=C$1.3955, compared to US$0.7167 or US$1=C$1.3953 on Friday.      The United States Dollar Index was up 0.38 of a point at 98.10.      Crude oil prices were higher after OPEC+ announced a smaller-than-expected output […] Read more



Canadian Financial Close: C$ firm to end week

Glacier FarmMedia — The Canadian dollar was slightly firmer on Friday, finishing the week off its recently-hit four-month lows as gains in crude oil provided support.      The Canadian dollar settled at US$0.7167 or US$1=C$1.3953, which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.      Canada’s services economy contracted in September, with the S&P Global […] Read more

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart.      At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.      Canada’s services economy contracted in September, […] Read more


Canadian Financial Close: C$ weakens with crude oil

Glacier FarmMedia — The Canadian dollar weakened slightly relative to its United States counterpart on Thursday, as losses in crude oil weighed on the energy-linked currency. Uncertainty over upcoming trade negotiations with the U.S. and Mexico also weighed on the loonie.      The Canadian dollar settled at US$0.7162 or US$1=C$1.3963, which compares with Wednesday’s close […] Read more

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, nearing its weakest level in four months relative to its United States counterpart.      The continued shutdown of the U.S. government and resulting lack of economic data was hanging over the financial markets.      At 8:47 a.m. CDT the Canadian dollar was trading at […] Read more


Canadian Financial Close: C$ weakens Wednesday

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Wednesday, with a slowdown in the manufacturing sector underscoring expectations for another interest rate cut from the Bank of Canada      The Canadian dollar settled at US$0.7174 or US$1=C$1.3940, which compares with Monday’s close of US$0.7183 or US$1=C$1.3921. There was […] Read more