Canadian Financial Close: Loonie up, crude oil steady

Glacier FarmMedia | MarketsFarm – The Canadian dollar bounced back on Wednesday while staying above 71 United States cents. The loonie closed at US$0.7125 or US$1=C$1.4036, compared to US$0.7101 or US$1=C$1.4082 on Tuesday. The U.S. Dollar Index fell 0.89 of a point at 106.12. U.S. markets will be closed on Thursday due to the Thanksgiving Day […] Read more



Canadian Financial Close: Loonie takes a big hit

Trump's tariffs threaten Canadian economy

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dropped more than a half cent on Tuesday, following statements made by United States President-elect Donald Trump that he will impose 25 per cent tariffs on goods imported from Canada and Mexico on his first day of office. Reports said the tariffs could […] Read more


Canadian Dollar and Business Outlook: Loonie falls on Trump tariff talk

25 per cent hike on Trump's first day

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Tuesday morning, following the announcement by United States President-elect Donald Trump that his administration would slap a 25 per cent tariff on imported goods from Canada. As of 8:36 am CST, the loonie was at US$0.7085 or US$1=C$1.4114 compared to Monday’s close […] Read more

Canadian Financial Close: Loonie stands pat

Big drops in greenback, crude oil

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, despite major movements in the United States dollar and crude oil. The loonie closed at US$0.7153 or US$1=C$1.3980 compared to Friday’s finish of US$0.7154 or US$1=1.3979. On the U.S. Dollar Index, the greenback lost 0.662 of a point […] Read more


Canadian Dollar and Business Outlook: Loonie firm in light of weaker greenback

Crude oil to the downside as well

The Canadian dollar was relatively steady on Monday morning, despite a sharp drop in the United States dollar As of 8:35 am CST, the loonie was at US$0.7160 or US$1=C$1.3968 compared to Friday’s close of US$0.7154 or US$1=C$1.3979. On the U.S. Dollar Index, the greenback fell 0.867 of a point at 106.640. Benchmark crude oil […] Read more

Canadian Financial Close: Loonie steps back

U.S. greenback hits two-year high

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped on Friday, forfeiting almost a tenth of a cent to a stronger United States dollar but increases in crude oil halted further declines. The loonie closed at US$0.7154 or US$1=C$1.3979 compared to Thursday’s finish of US$0.7163 or US$1=1.3960. On the U.S. Dollar […] Read more


Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm – The Canadian dollar was holding relatively steady Friday morning. At 9:30 a.m. CST the Canadian dollar was trading at US$0.7151 or US$1=C$1.3984 which compares with Thursday’s close of US$0.7163 or US$1=C$1.3960. Canadian retail sales rose 0.4 per cent in September, hitting C$66.9 billion, reported Statistics Canada. Sales were up in […] Read more

Canadian Financial Close: C$ strengthens Thursday

Glacier FarmMedia | MarketsFarm – The Canadian dollar was stronger on Thursday, as the market reacted to new spending measures announced by the government. The Canadian dollar settled at US$0.7163 or US$1=C$1.3960 on Thursday, which compares with Wednesday’s close of US$0.7146 or US$1=C$1.3993. Canada’s Liberal government announced C$6.3 billion in proposed new spending measures to […] Read more