Canadian Dollar and Business Outlook: Positive momentum for loonie

Lower greenback, higher crude oil

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar climbed higher on Thursday morning aided by declines in its United States counterpart and upticks in crude oil. As of 8:32 am CST, the loonie was at US$0.7046 or US$1=C$1.4191 compared to Wednesday’s close of US$0.7031 or US$1=C$1.4223. On the United States Dollar Index, the […] Read more

Canadian Financial Close: Loonie dips again

Greenback, crude oil increase

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to slip back on Wednesday The loonie closed on Wednesday at US$0.7031 or US$1=C$1.4223, compared to Tuesday’s finish of US$0.7046 or US$1=C$1.4193. On the U.S. Dollar Index, the greenback tacked on 0.105 of a point at 107.060. Benchmark crude oil prices edged […] Read more


Canadian Dollar and Business Outlook: Slight dip for loonie

Despite upticks in crude oil

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar slipped back on Wednesday morning. As of 8:35 am CST, the loonie was at US$0.7037 or US$1=C$1.4209 compared to Tuesday’s close of US$0.7046 or US$1=C$1.4193. On the United States Dollar Index, the greenback inched up 0.040 of a point at 106.995. Benchmark crude oil prices […] Read more

Canadian Financial Close: Loonie simmers a bit

StatCan releases January CPI data

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Tuesday as the country saw a slight increase in inflation and the United States currency strengthened. The loonie closed on Tuesday at US$0.7046 or US$1=C$1.4193, compared to Friday’s finish of US$0.7059 or US$1=C$1.4201. On the U.S. Dollar Index, the greenback […] Read more


Canadian Dollar and Business Outlook: Loonie slips to start the week

StatCan says inflation up in January

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Tuesday morning due to gains in its United States counterpart and little direction from crude oil. As of 8:34 am CST, the loonie was at US$0.7042 or US$1=C$1.4201 compared to Friday’s close of US$0.7059 or US$1=C$1.4166. On the United States Dollar Index, […] Read more

Canadian Financial Close: C$ rises amid easing tariff concerns

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Friday, finding support as tariff threats from United States President Donald Trump continue to be ‘more bark than bite.’ The Canadian dollar settled at US$0.7059 or US$1=C$1.4166, which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per cent […] Read more


Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, trading at its highest level in two months relative to its United States counterpart. At 8:56 a.m. CST the Canadian dollar was trading at US$0.7064 or US$1=C$1.4158 which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per […] Read more

Canadian Financial Close: C$ strengthens

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Thursday, hitting its highest level in two months relative to its United States counterpart. Broad weakness in the U.S. currency internationally accounted for much of the strength. The Canadian dollar settled at US$0.7021 or US$1=C$1.4242, which compares with Wednesday’s close of US$0.6994 or US$1=C$1.4298. […] Read more


Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Thursday morning, edging above the 70 U.S. cent mark. At 8:36 a.m. CST the Canadian dollar was trading at US$0.7001 or US$1=C$1.4284 which compares with Wednesday’s close of US$0.6994 or US$1=C$1.4298. Investment in building construction in Canada rose 1.9 per cent in December to […] Read more

Canadian Financial Close: C$ steady amid trade uncertainty

Glacier FarmMedia | MarketsFarm — The Canadian dollar held relatively steady on Wednesday, lacking any clear direction as currency traders continued to make sense of shifting trade policy out of the United States. The Canadian dollar settled at US$0.6994 or US$1=C$1.4298, which compares with Tuesday’s close of US$0.6990 or US$1=C$1.4307. The U.S. Consumer Price Index […] Read more