Canadian Dollar and Business Outlook: Stronger greenback pushes loonie lower

Crude going nowhere, waiting for new data

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was pulling back on Wednesday morning, as its United States counterpart gained strength. As of 8:35 am CDT, the loonie was at US$0.7299 or US$1=C$1.3698 compared to Tuesday’s close of US$0.7321 or US$1=C$1.3659. On the U.S. Dollar Index, the greenback added 0.476 of a […] Read more

Canadian Financial Close: Loonie holds steady in the face of pressure

Higher greenback, lower crude weigh on dollar's value

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Tuesday, fending off pressure from an increase in the United States dollar and declines in crude oil. The loonie closed at US$0.7321 or US$1=C$1.3659, compared to Monday’s finish of US$0.7319 or US$1=C$1.3663. On the U.S. Dollar Index, the greenback added […] Read more


Canadian Dollar and Business Outlook: Inflation increases in May

Creates uncertainty toward another BoC rate cut

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar gained more ground on Tuesday morning, following Statistics Canada’s report on inflation. StatCan said the consumer price index for May climbed to 2.9 per cent compared to 2.7 per cent in April. The increase ended four consecutive months of declines and may prevent the […] Read more

Canadian Financial Close: C$ strengthens

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Monday, nearing its highest level in three weeks relative to its United States counterpart as investors positioned themselves ahead of Canadian inflation data due out on Tuesday. The Canadian dollar settled at US$0.7319 or US$1=C$1.3663 on Monday, which compares with Friday’s close […] Read more


Canadian Dollar and Business Outlook: Loonie edges higher

Upticks in crude help to push up CDN$

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was higher on Monday morning, due to declines in its United States counterpart and small increases in crude oil. As of 8:35 am CDT, the loonie was at US$0.7312 or US$1=C$1.3674 compared to Friday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, […] Read more



Canadian Dollar and Business Outlook: Loonie holding firm

Greenback, crude oil balancing off each other

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Friday morning, in light of small upticks in the United States dollar and crude oil. As of 8:31 am CDT, the loonie was at US$0.7297 or US$1=C$1.3703 compared to Thursday’s close of US$0.7300 or US$1=C$1.3698. On the U.S. Dollar Index, […] Read more