Glacier FarmMedia | MarketsFarm – The Canadian dollar fell below the 73 United States cent mark early Thursday. The loonie was at US$0.7289 or US$1=C$1.3719 as of 8:34 a.m. CDT, compared to Wednesday’s close at US$0.7314 or US$1=C$1.3673. The U.S. Dollar Index was up 0.02 of a point at 98.92. The U.S. Federal Reserve announced […] Read more
Canadian Dollar and Business Outlook: Loonie extends downturn, U.S. markets closed
Canadian Financial Close: Loonie drops, Fed leaves rates unchanged
The Canadian dollar took a tumble on Wednesday as the United States Federal Reserve left its key interest rates unchanged. The loonie closed the day at US$0.7314 or US$1=C$1.3673, compared to US$0.7351 or US$1=C$1.3603 on Tuesday. The U.S. Dollar Index was down 0.18 of a point at 98.64. Fed chairman Jerome Powell also said it may […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, U.S. Fed to announce interest rate
Glacier FarmMedia | MarketsFarm – The Canadian dollar The Canadian continued to decline on Wednesday morning, adding to losses incurred on Tuesday. The loonie was at US$0.7325 or US$1=C$1.3652 as of 8:32 a.m. CDT, compared to Tuesday’s close at US$0.7351 or US$1=C$1.3603. The United States Dollar Index was down 0.13 of a point at 98.69. The […] Read more
Canadian Financial Close: Loonie down, Middle East tensions rise
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed lower on Tuesday as the conflict between Israel and Iran continues to escalate. The loonie finished the day at US$0.7351 or US$1=C$1.3603, compared to US$0.7376 or US$1=C$1.3558 on Monday. The United States Dollar Index jumped 0.81 of a point at 98.81. U.S. President Donald Trump urged for Iran’s […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back on Tuesday morning. The loonie was at US$0.7362 or US$1=C$1.3583 as of 8:33 a.m. CDT, compared to Monday’s close at US$0.7376 or US$1=C$1.3558. The United States Dollar Index was up 0.14 of a point at 98.13. The escalating conflict between Israel and Iran […] Read more
Canadian Financial Close: Loonie rallies, crude oil retreats
Glacier FarmMedia | MarketsFarm – The Canadian dollar ended Monday short of the 74 United States cent mark, but it was the highest close since October. The loonie closed the day at US$0.7376 or US$1=C$1.3558, compared to US$0.7354 or US$1=C$1.3598 on Friday. The U.S. Dollar Index was down 0.04 of a point at 98.14 after nearly dropping […] Read more
Canadian Dollar and Business Outlook: Loonie rises, crude oil pulls back
Glacier FarmMedia | MarketsFarm – The Canadian dollar jumped on Monday morning, approaching the 74 United States cent mark. The loonie was at US$0.7383 or US$1=C$1.3545 as of 8:30 a.m. CDT, compared to Friday’s close at US$0.7354 or US$1=C$1.3598. Canadian Prime Minister Mark Carney will meet with United States President Donald Trump this morning at […] Read more
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar was firmer on Friday, as markets reacted to the escalating tensions in the Middle East after Israel launched airstrikes on Iran. The Canadian dollar settled at US$0.7354 or US$1=C$1.3598, which was compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Manufacturing sales in Canada were down for the third straight […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was relatively unchanged Friday morning, despite a rally in crude oil as financial markets reacted to Israeli attacks on Iran overnight and investors moved to safe havens like the United States dollar. At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7341 or US$1=C$1.3622 which compares with Thursday’s […] Read more
Canadian Financial Close: C$ up Thursday
Glacier FarmMedia — The Canadian dollar was stronger on Thursday, as growing optimism over a possible trade deal between Canada and the United States ahead of next week’s G7 meeting provided support. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612, which was compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665. Crude oil posted small gains, […] Read more