Canadian Financial Close: Modest increase for loonie

Support from upticks in crude oil

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar climbed higher on Monday as gains in crude oil provided support,  a slightly stronger United States dollar limited the increases. The loonie closed Monday at US$0.6955 or US$1=1.4379, compared to Friday’s finish of US$0.6937 or US$1=1.4416. On the U.S. Dollar Index, the greenback […] Read more


Canadian Dollar and Business Outlook: Loonie takes a dip

Increase in U.S. greenback adds more pressure

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Monday morning amid ongoing turmoil surrounding Prime Minister Justin Trudeau’s leadership. As of 8:44 am CST, the loonie was at US$0.6932 or US$1=C$1.4433 compared to Friday’s close of US$0.6937 or US$1=C$1.4416. On the U.S. Dollar Index, the greenback gained 0.328 of a […] Read more

Canadian Financial Close: Trudeau at heart of loonie’s losses

Slight movements n greenback, crude oil underpin loonie

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped on Friday due to ongoing concerns about Prime Minister Justin Trudeau’s leadership. Trading in the loonie resumed today following Christmas and Boxing Day. The loonie closed Friday at US$0.6937 or US$1=1.4416, compared to Tuesday’s finish of US$0.6951 or US$1=1.4386. On the U.S. […] Read more


Canadian Dollar and Business Outlook: Loonie eases back

Trading resumes following Christmas and Boxing Day

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was a pinch lower on Friday morning as trading in the currency resumed following Christmas and Boxing Day. As of 8:36 am CST, the loonie was at US$0.6943 or US$1=C$1.4403 compared to Tuesday’s close of US$0.6951 or US$1=C$1.4386. On the U.S. Dollar Index, the greenback […] Read more




Canadian Financial Close: Loonie puts brakes to another day of losses

U.S. greenback takes a hit

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stabilized on Friday, finishing virtually unchanged. The loonie closed Friday at US$0.6961 or US$1=1.4365, compared to Thursday’s finish of US$0.6959 or US$1=1.4370. On the U.S. Dollar Index, the greenback dropped 0.612 points at 107.540. Statistics Canada reported October retail sales grew 0.6 per […] Read more


Canadian Dollar and Business Outlook: Is loonie’s slide beginning to peter out?

Revamped Trudeau cabinet this morning

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, as Prime Minister Justin Trudeau will attempt to stabilize his minority government by shuffling his cabinet this morning. As of 8:37 am CST, the loonie was at US$0.6956 or US$1=C$1.4374 compared to Thursday’s close of US$0.6959 or US$1=C$1.4380. On […] Read more

Canadian Financial Close: Loonie steps back a little more

Federal cabinet shuffle Friday morning

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar shed more than a 10th  of a cent on Thursday, despite Prime Minister Justin Trudeau trying to stabilize his government’s dire political situation. Trudeau is set to shuffle his cabinet tomorrow morning, with Dominic LeBlanc widely expected to remain his new finance portfolio. […] Read more