Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Tuesday morning, as currency markets reacted to the latest musings from United States President Donald Trump on trade. At 8:43 a.m. CST the Canadian dollar was trading at US$0.6938 or US$1=C$1.4413 which compares with Monday’s close of US$0.6978 or US$1=C$1.4330. While no tariffs on Canadian […] Read more
Canadian dollar and business outlook
Canadian Financial Close: C$ up as Trumps backs off tariff threats
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Monday, as Donald Trump backed away from imposing tariffs on Canadian imports as he had threatened in the lead up to his inauguration. The Canadian dollar settled at US$0.6978 or US$1=C$1.4330 on Monday, which compares with Friday’s close of US$0.6928 or US$1=C$1.4435. Donald Trump was […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Monday morning, posting solid gains relative to its United States counterpart to start the week. At 8:47 a.m. CST the Canadian dollar was trading at US$0.7011 or US$1=C$1.4263 which compares with Friday’s close of US$0.6928 or US$1=C$1.4435. Donald Trump takes office as the next U.S. […] Read more
Canadian Financial Close: Loonie ends week in decline
Glacier FarmMedia | MarketsFarm – The Canadian dollar moved lower on Friday due to an increase in the United States dollar and losses in crude oil. The loonie closed at US$0.6928 or US$1=C$1.4435, down from US$0.6950 or US$1=C$1.4388 on Thursday. The U.S. Dollar Index was up 0.45 of a point at 109.40. The U.S. markets […] Read more
Canadian Dollar and Business Outlook: Canola, crude oil weaken
Glacier FarmMedia | MarketsFarm – The Canadian dollar fell sharply on Friday morning. The loonie was at US$0.6921 or US$1=C$1.4449 as of 8:35 a.m. CST, compared to Thursday’s close at US$0.6950 or US$1=C$1.4388. The United States Dollar Index gained 0.43 of a point at 109.39. Crude oil was lower as the Israel-Hamas ceasefire outweighed sanctions […] Read more
Canadian Financial Close: Loonie, crude oil move backwards
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Thursday. The loonie closed at US$0.6950 or US$1=C$1.4388, down from US$0.6976 or US$1=C$1.4334 on Wednesday. However, the United States Dollar Index was down 0.13 of a point at 108.96. Crude oil eased off from expectations the Israel-Hamas ceasefire will halt attacks by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil return to the red
Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated on Thursday morning. The loonie was at US$0.6948 or US$1=C$1.4393 as of 8:36 a.m. CST, compared to Wednesday’s close at US$0.6976 or US$1=C$1.4334. The United States Dollar Index gained 0.19 of a point at 109.28. Crude oil was slightly lower on Thursday. Brent crude oil was […] Read more
Canadian Financial Close: Loonie up, crude oil soars
The Canadian dollar had its highest close in nearly a month on Wednesday. The loonie closed at US$0.6976 or US$1=C$1.4334, up from US$0.6958 or US$1=C$1.4371 on Tuesday. The closing rate hadn’t been this high for the loonie since Dec. 17. The United States Dollar Index was down 0.23 of a point at 109.05. Inflation in […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil higher
Glacier FarmMedia | MarketsFarm – The Canadian dollar moved closer to the 70 United States cent level on Wednesday morning. The loonie was at US$0.6984 or US$1=C$1.4318 as of 8:35 a.m. CST, compared to Tuesday’s close at US$0.6958 or US$1=C$1.4371. The United States Dollar Index lost 0.60 of a point at 108.67 after it was reported […] Read more
Canadian Financial Close: Loonie improves, crude oil retreats
Glacier FarmMedia | MarketsFarm – The Canadian dollar moved up for the second straight day on Tuesday. The loonie closed at US$0.6958 or US$1=C$1.4371, up from US$0.6939 or US$1=C$1.4411 on Monday. The United States Dollar Index lost 0.72 of a point at 109.24 ahead of an inflation report tomorrow morning which could decide the Federal […] Read more