Canadian Financial Close: Loonie stays put, crude oil rises

Glacier FarmMedia MarketsFarm – The Canadian dollar closed virtually unchanged on Thursday, with pressure from gains in the United States dollar and support from increases in crude oil countering each other. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7423 or US$1=C$1.3471 on Wednesday. Meanwhile, the United States Dollar Index was up 0.29 of a […] Read more












Canadian Financial Close: Powell’s comments generates more strength for loonie

Greenback falls hard and crude rises

Canadian Financial Close: Powell’s comments generates more strength for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was stronger on Friday due to a sharp loss in the United States dollar and increases in crude oil. The loonie closed at US$0.7392 or US$1=C$1.3529, compared to Thursday’s finish of US$0.7352 or US$1=C$1.3602. […] Read more