By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was higher on Thursday morning, as it benefitted from a weaker United States dollar and increases in crude oil. As of 8:37 am CST, the loonie was at US$0.7444 or C$1.3436, compared to Wednesday’s close of US$0.7374 or US$1=C$1.3561. On the U.S. Dollar Index, […] Read more
Canadian Dollar and Business Outlook: Loonie well above 74 U.S. cents
Weaker greenback, stronger crude oil
Canadian Financial Close: Loonie benefits from Fed rate freeze
Greenback hit hard, crude increases
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed higher on Wednesday, propelled by weakness in the United States dollar and increases in crude oil. The Canadian dollar closed at US$0.7374 or US$1=C$1.3561, compared to Tuesday’s finish of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar Index, the greenback dropped 0.934 of a […] Read more
Canadian Dollar and Business Outlook: Loonie adds more ground
Greenback dips as crude nudges up
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar climbed higher on Wednesday morning, aided by slight declines in the United States dollar and small upticks in crude oil. As of 8:36 am CST, the loonie was at US$0.7371 or C$1.3568, compared to Tuesday’s close of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar […] Read more
Canadian Financial Close: Loonie dips as crude, greenback weaken
Crude tumbles to five-month low
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday as crude oil prices fell hard. However, a lower United States dollar curtailed the loonie’s losses. The Canadian dollar closed at US$0.7353 or US$1=C$1.3599, compared to Monday’s finish of US$0.7369 or US$1=C$1.3570. On the U.S. Dollar Index, the greenback was […] Read more
Canadian Dollar and Business Outlook: Crude oil, loonie give up ground
Greenback also shifts lower, tempering loonie's losses
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Tuesday morning, along with declines in crude oil prices. However, those losses were tempered by a somewhat weaker United States dollar. As of 8:40 am CST, the loonie was at US$0.7348 or C$1.3607, compared to Monday’s close of US$0.7369 or US$1=C$1.3570. […] Read more
Canadian Financial Close: Loonie advances 10th of a cent
Subtle support from crude oil prices
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar inched upward on Monday, aided by small gains in global crude oil prices. The loonie closed at US$0.7369 or US$1=C$1.3570, compared to Friday’s finish of US$0.7359 or US$1=C$1.3588. On the United States Dollar Index, the greenback tacked on 0.062 of a point at 103.620. […] Read more
Canadian Financial Close: Loonie, crude oil end week stronger
Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly higher on Friday. The loonie closed at US$0.7359 or US$1=C$1.3588, compared to US$0.7355 or US$1=C$1.3597 on Thursday. The United States Dollar Index was up 0.44 of a point at 103.99. Crude oil ended the week on a strong note. Brent crude oil gained US$1.76 at US$75.81 […] Read more
Canadian Dollar and Business Outlook: Loonie steady, gold falling
Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning. The loonie was at US$0.7353 or US$1=C$1.3600, down from Thursday’s close of US$0.7355 or US$1=C$1.3597. The United States Dollar Index gained 0.65 of a point to 104.19. Crude oil prices added onto Thursday’s gains. Brent crude oil was up US$1.33 at US$75.38 […] Read more
Canadian Financial Close: Loonie down, crude oil makes small gains
Glacier FarmMedia MarketsFarm – The Canadian dollar eased off slightly on Thursday. The loonie closed at US$0.7355 or US$1=C$1.3597, compared to US$0.7367 or US$1=C$1.3574 on Wednesday. The United States Dollar Index was down 0.50 of a point at 103.65. Crude oil made small rebounds after consecutive days of losses. Brent crude oil added US$0.13 at […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil higher
Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back on Thursday morning. The loonie was at US$0.7350 or US$1=C$1.3605, down from Wednesday’s close of US$0.7367 or US$1=C$1.3574. The Bank of Canada (BoC) announced on Wednesday its key interest rate will be left unchanged. The United States Dollar Index was down 0.31 of a point […] Read more