Canadian Dollar and Business Outlook: Loonie finds a little strength

Greenback down a bit, crude oil up a bit

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was higher on Friday morning as the United States dollar pulled back and crude oil prices bumped up. As of 8:34 CDT, the Canadian dollar was at US$0.8138 or C$1.2289 compared to Thursday’s close of US$0.8120 or C$1.2316. On the U.S. Dollar […] Read more

Canadian Financial Close: C$ down slightly

By MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, despite improving confidence in the country’s export sector. The Canadian dollar closed at US$0.8120 or US$1=C$1.2316 on Thursday, which compares with Wednesday’s North American close of US$0.8139 or US$1=C$1.2287. Optimism over a post-pandemic recovery saw Canada’s Trade Confidence Index up […] Read more


Canadian Dollar and Business Outlook: Loonie takes small step back

Crude oils steps back prior to OPEC+ meeting

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly lower Thursday morning, as crude oil prices slipped back while the United States dollar held relatively firm. As of 8:35 CDT, the Canadian dollar was at US$0.8126 or C$1.2305 compared to Wednesday’s close of US$0.8139 or C$1.2287. On the U.S. […] Read more

Canadian Financial Close: C$ strengthens

By MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as the currency continued to recover from its losses relative to its United States counterpart seen the previous week. The Canadian dollar closed at US$0.8139 or US$1=C$1.2287 on Wednesday, which compares with Tuesday’s North American close of US$0.8093 or US$1=C$1.2356. Canadian […] Read more


Canadian Dollar and Business Outlook: Loonie busts through 81 cent mark

Weaker greenback, stronger crude oil provide boost

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar continued on its upswing Wednesday morning, as the United States dollar further weakened and crude oil prices pushed higher. As of 8:44 CDT, the Canadian dollar was at US$0.8154 or C$1.2265 compared to Tuesday’s close of US$0.8093 or C$1.2356. The loonie’s rise […] Read more

Canadian Financial Close: Loonie rises after Powell’s testimony

U.S. inflation higher than expected

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar finished pushed a little higher on Tuesday, as the United States dollar took a small step back. The loonie closed at US$0.8093 or US$1=C$1.2356, compared to Monday’s close of US$0.8080 or US$1=C$1.2377. On the U.S. Dollar Index, the greenback dipped 0.156 at […] Read more



Canadian Financial Close: C$ starts week stronger

By MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was stronger on Monday, seeing a modest recovery to start the week after dropping sharply relative to its United States counterpart earlier in the month. The Canadian dollar closed at US$0.8080 or US$1=C$1.2377 on Monday, which compares with Friday’s North American close of US$0.8052 or […] Read more


Canadian Financial Close: Loonie, TSX drop to end week

WINNIPEG – The Canadian dollar fell to its lowest level in eight weeks on Friday against a strengthening United States dollar. The loonie was at US$0.8052 or US$1=C$1.2419 on Friday, down from Thursday’s close at US$0.8103 or US$1=C$1.2341. Meanwhile, the U.S. Dollar Index jumped 0.39 points at 92.28. On Wednesday, United States Federal Reserve Chair […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as ongoing strength for the United States dollar internationally continued to influence the world currency markets after the U.S. Federal Reserve took a more hawkish stance on future interest rate moves earlier this week. At 8:48 a.m. CDT Friday morning, the […] Read more