Canadian Financial Close: Loonie dips below 75 U.S. cents

Greenback continues to gain strength

Compiled by MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar gave up a quarter of a cent on Wednesday as the United States dollar pressed ahead with its upward trajectory and crude oil prices fell back. The loonie closed at US$0.7499 or US$1=C$1.3335, compared to Tuesday’s finish of US$0.7524 or US$1=C$1.3291. On the U.S. […] Read more

Canadian Dollar and Business Outlook: Loonie continues to lose ground

Greenback remains on the rise

By MarketsFarm WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar remained on its slide Wednesday morning, getting pressure from modest gains in the United States dollar but losses were tempered by slight increases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7505 or C$1.3327, compared to Tuesday’s close of US$0.7524 or […] Read more





Canadian Financial Close: Boost in crude prices pushes up loonie

Lower global, Canadian crude output

Compiled by MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar gained some ground on Monday, due to upticks in global and domestic oil prices. With the loonie’s close yet to be finalized by the Bank of Canada, the currency was at US$0.7582 or US$1=C$1.3190, compared to Friday’s finish of US$0.7557 or US$1=C$1.3232. On the […] Read more

Canadian Dollar and Business Outlook: Oil underpinning loonie

Global demand for crude to hit record highs

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was on the rise Monday morning, gleaning support from upticks in global crude oil prices, but stymied by slight gains in the United States dollar. As of 8:44 am CDT, the loonie was at US$0.7581 or C$1.3186, compared to Friday’s close of US$0.7557 or US$1=C$1.3232. […] Read more


Canadian Financial Close: Loonie dips despite support

Greenback slips, crude oil bumps up

Compiled by MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar eased back on Friday, despite a slightly weaker United States dollar and small increases in crude oil prices. The loonie closed at US$0.7557 or US$1=C$1.3232, compared to Thursday’s finish of US$0.7575 or US$1=C$1.3240. On the U.S. Dollar Index the greenback slipped 0.119 of a […] Read more



Canadian Financial Close: Loonie, crude oil advance

WINNIPEG – The Canadian dollar was slightly stronger against the United States dollar on Thursday. The loonie closed at US$0.7575 or US$1=C$1.3201, compared to US$0.7564 or US$1=C$1.3220 on Wednesday. The U.S. Dollar Index was up 0.93 of a point at 101.81. The U.S. Federal Reserve announced on Wednesday it will raise key interest rates by […] Read more