Glacier FarmMedia MarketsFarm – The Canadian dollar made its way back above the psychological 74 U.S. cent mark Thursday morning. The loonie was at US$0.7401 or US$1=C$1.3512 as of 8:40 a.m. CDT, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The United States Dollar Index was down 0.26 of a point at 101.10. An increased likelihood […] Read more
Canadian Dollar and Business Outlook: Loonie back above 74 U.S. cents
Canadian Financial Close: Loonie higher, crude oil weakens
After a week of declines, the Canadian dollar made its way closer to the 74 United States cent mark on Wednesday. The loonie closed at US$0.7394 or US$1=C$1.3525, compared to US$0.7381 or US$1=C$1.3548 on Tuesday. The Bank of Canada announced earlier today it has cut its key interest rate by another 25 basis points at […] Read more
Canadian Dollar and Business Outlook: Loonie unchanged, crude oil lower
Glacier FarmMedia MarketsFarm – The Canadian dollar was steady on Wednesday morning. The loonie was at US$0.7381 or US$1=C$1.3548 as of 8:30 a.m. CDT, the same as the Bank of Canada’s closing exchange rate on Tuesday. The United States Dollar Index was down 0.16 of a point at 101.67. Crude oil prices continued to hit […] Read more
Canadian Financial Close: Crude oil, TSX tumble on Tuesday
The Canadian dollar exited the Labour Day weekend below the 74 United States cent mark. The loonie closed at US$0.7381 or US$1=C$1.3548, compared to US$0.7412 or US$1=C$1.3491 on Friday. The Bank of Canada did not post an exchange rate on Monday due to Labour Day. The United States Dollar Index was up 0.13 of a […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil falls
Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 74 United States cent mark coming out of the Labour Day weekend. The loonie was at US$0.7384 or US$1=C$1.3542 as of 8:34 a.m. CDT, compared to US$0.7412 or US$1=C$1.3491 on Friday. The Bank of Canada did not post an exchange rate on Monday due to […] Read more
Canadian Financial Close: Loonie down, crude oil falls before Labour Day
Glacier FarmMedia MarketsFarm – The Canadian dollar entered the Labour Day weekend moving lower on Friday. The loonie closed at US$0.7412 or US$1=C$1.3491, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Markets in Canada and the United States will be closed Monday for the holiday. The United States Dollar Index was up 0.35 of a point […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil drops
Glacier FarmMedia MarketsFarm – The Canadian dollar eased off on Friday morning as the Labour Day weekend approaches. Markets in Canada and the U.S. will not trade on Monday due to Labour Day. The loonie was at US$0.7412 or US$1=C$1.3492 as of 8:31 a.m. CDT, compared to US$0.7422 or US$1=C$1.3474 on Thursday. The United States Dollar […] Read more
Canadian Financial Close: Loonie stays put, crude oil rises
Glacier FarmMedia MarketsFarm – The Canadian dollar closed virtually unchanged on Thursday, with pressure from gains in the United States dollar and support from increases in crude oil countering each other. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7423 or US$1=C$1.3471 on Wednesday. Meanwhile, the United States Dollar Index was up 0.29 of a […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil on the rise
The Canadian dollar was easing back again on Thursday morning. The loonie was at US$0.7417 or US$1=C$1.3483 as of 8:31 a.m. CDT, compared to US$0.7423 or US$1=C$1.3472 on Wednesday. The United States Dollar Index increased 0.29 of a point at 101.38. U.S. economic growth, fewer stockpiles and a partial halt in Libyan production caused crude […] Read more
Canadian Financial Close: Loonie, crude oil prices decline
Glacier FarmMedia MarketsFarm – The Canadian dollar saw its first decline in six days on Wednesday. The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7429 or US$1=C$1.3460 on Tuesday. Meanwhile, the United States Dollar Index was up 0.59 of a point at 101.15. Crude oil prices continued to fade on Wednesday. West Texas Intermediate […] Read more