Canadian Financial Close: Loonie losing ground to rising U.S. dollar

Surge in crude oil cannot stem declines

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar lost more than a quarter of a cent on Thursday, as its United States counterpart continued to rally while sharp increases in crude oil could only temper the loonie’s decline. The Canadian dollar closed at US$0.7386 or US$1=C$1.3540, compared to Wednesday’s finish of […] Read more

Canadian Financial Close: Loonie adds some more value

Rising crude oil provides spillover

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar increased slightly on Wednesday, pushed upward by rising crude oil prices as a stronger United States dollar limited those gains. The loonie closed at US$0.7412 or US$1=C$1.3491, compared to Tuesday’s finish of US$0.7405 or US$1=C$1.3504. On the U.S. Dollar Index, the greenback advanced 0.414 of […] Read more


Canadian Dollar and Business Outlook: Loonie edges higher

Crude oil prices getting stronger

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar bumped up on Wednesday morning, due to another sharp upswing in crude oil. As of 8:35 am CDT, the loonie was at US$0.7411 or US$1=C$1.3490 compared to Tuesday’s close of US$0.7405 or US$1=C$1.3504. On the U.S. Dollar Index, the greenback gained 0.289 of a point […] Read more

Canadian Financial Close: Loonie holds firm

Crude surges as Iran launches missiles at Israel

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was relatively steady on Tuesday, as increases in its United States counterpart and sharp upticks in crude oil virtually balanced off each other. The loonie closed at US$0.7405 or US$1=C$1.3504, compared to Friday’s finish of US$0.7408 or US$1=C$1.3499. On the U.S. Dollar Index, the greenback […] Read more


Canadian Dollar and Business Outlook: Loonie inches lower

Crude eases back despite rising Middle East tensions

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped Tuesday morning, as business resumed in all parts of the country after some provinces observed the National Day for Truth and Reconciliation. As of 8:34 am CDT, the loonie was at US$0.7400 or US$1=C$1.3512 compared to Friday’s close of US$0.7408 or US$1=C$1.3499. On the […] Read more

Canadian Financial Close: Loonie down, crude oil recovers

Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Friday, but remained above the 74 United States cent mark. The loonie was at US$0.7408 or US$1=C$1.3499, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported today the country’s real gross domestic product grew by 0.2 per cent in July, while also giving a preliminary […] Read more



Canadian Financial Close: Loonie down, crude oil drops

Glacier FarmMedia MarketsFarm – The Canadian dollar slipped a little on Thursday. The loonie was at US$0.7422 or US$1=C$1.3474, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index declined 0.34 of a point at 100.57. Crude oil fell once again on Thursday after Saudi Arabia announced it will increase output and abandon its […] Read more



Canadian Financial Close: Loonie up, crude oil falls

Glacier FarmMedia MarketsFarm – The Canadian dollar made a small step upwards on Wednesday. The loonie was at US$0.7428 or US$1=C$1.3462, compared to US$0.7425 or US$1=C$1.3468 on Tuesday. The United States Dollar Index jumped 0.51 of a point at 100.97. Crude oil fell on Wednesday on signs supply disruptions in Libya were easing. West Texas Intermediate […] Read more