Glacier FarmMedia — The Canadian dollar held steady on Monday, as investors continued to digest the latest trade uncertainty out of the United States. The Canadian dollar settled at US$0.7305 or US$1=C$1.3689, which was unchanged from Friday’s close. The U.S. Supreme Court ruled on Friday that many of President Donald Trump’s tariffs were illegal, but […] Read more
Canadian financial close: C$ steady Monday
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was firm Monday morning, finding support from advances in crude oil. At 8:59 a.m. CST the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Friday’s close of US$0.7305 or US$1=C$1.3689. Investors continued to digest last week’s trade news out of the United States, as the Supreme […] Read more
Canadian Financial Close: A small step for loonie
By Glen Hallick Glacier FarmMedia – The Canadian dollar nudged up on Friday, making its first positive close in more than a week. Statistics Canada reported on Friday that December retail sales were down 0.4 per cent at C$70 billion. Also, StatCan said the industrial product price index rose 2.7 per cent in January, and […] Read more
Canadian Dollar and Business Outlook: Loonie holding steady
By Glen Hallick Glacier FarmMedia – The Canadian dollar was virtually unchanged on Friday morning, getting little direction from its United States counterpart and crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7299 or US$1=C$1.3701, compared to Thursday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback inched […] Read more
Canadian Financial Close: Loonie continues slipping back
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost a tenth of a cent on Thursday, unable to capitalize on more increases in crude oil. The loonie finished at US$0.7301 or US$1=C$1.3696 compared to Wednesday’s close of US$0.7311 or US$1=C$1.3678. It has not closed higher since Feb. 10, when it peaked at US$0.7388 or […] Read more
Canadian Dollar and Business Outlook: Loonie below 73 cents
By Glen Hallick Glacier FarmMedia – The Canadian dollar dipped below 73 U.S. cents on Thursday morning, as a higher United States dollar outweighed upticks in crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7293 or US$1=C$1.3713, compared to Wednesday’s close of US$0.7311 or US$1=C$1.3678. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: U.S. dollar pushes loonie lower
Surge crude can't completely counter greenback
By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up a little more than a tenth of a cent on Wednesday, due to a stronger United States dollar, but a significant upswing in crude oil tempered the losses. The loonie finished at US$0.7311 or US$1=C$1.3678 compared to Tuesday’s close of US$0.7323 or US$1=C$1.3656. On […] Read more
Canadian Dollar and Business Outlook: Loonie dips
By Glen Hallick Glacier FarmMedia – The Canadian dollar eased back on Wednesday morning despite sharp gains in crude oil. As of 8:30 am CST, the Canadian dollar was at US$0.7318 or US$1=C$1.3669, compared to Tuesday’s close of US$0.7323 or US$1=C$1.3656. On the U.S. Dollar Index, the greenback added 0.320 of a point at 97.380. […] Read more
Canadian Financial Close: Loonie pulls back
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost more than two-tenths of a cent on Tuesday, as trading resumed after the long weekend. The loonie finished at US$0.7323 or US$1=C$1.3656 compared to Friday’s close of US$0.7345 or US$1=C$1.3624. On the United States Dollar Index, the greenback added 0.221 of a point at 97.040. […] Read more
Canadian Dollar and Business Outlook: Loonie retreating
By Glen Hallick Glacier FarmMedia – The Canadian dollar pulled back on Tuesday morning due to strength in the United States dollar and declines in crude oil. Trading in the loonie resumed following Monday’s holiday. As of 8:36 am CST, the Canadian dollar was at US$0.7315 or US$1=C$1.3673, compared to Friday’s close of US$0.7345 or […] Read more