Canadian Financial Close: Loonie slips back

BoC announcement tomorrow morning

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday, due to increases in the United States dollar and lower crude oil prices. The loonie closed at US$0.7263 or US$1=C$1.3768, compared to Monday’s finish of US$0.7270 or US$1=C$1.3755. On the U.S. Dollar Index, the greenback added 0.163 of a point […] Read more

Canadian Dollar and Business Outlook: Loonies wiggles back a little

Greenback gains ground, crude oil slips back

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back a pinch on Tuesday morning due to small upticks in the United States dollar and declines in crude oil. As of 8:36 am CDT, the loonie was at US$0.7263 or US$1=C$1.3769 compared to Monday’s close of US$0.7270 or US$1=C$1.3755. On the U.S. […] Read more


Canadian Financial Close: More declines for loonie

Analysts expecting BoC rate cut Wednesday

Canadian Financial Close: More declines for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Monday, lacking support to push higher. The loonie closed at US$0.7270 or US$1=C$1.3755, compared to Friday’s finish of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback inched lower 0.072 of a point […] Read more

Canadian Dollar and Business Outlook: Loonie slips lower

Biden's exit weighs on crude oil values

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning lacking sufficient support from crude oil. As of 8:44 am CDT, the loonie was at US$0.7268 or US$1=C$1.3758 compared to Friday’s close of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback dipped 0.072 of a point at […] Read more


Canadian Financial Close: Crude oil, gold lose ground

Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 73 United States cent mark to close the week. The loonie closed at US$0.7285 or US$1=C$1.3727, compared to US$0.7301 or US$1=C$1.3696 on Thursday. Statistics Canada reported on Friday retail sales were down 0.8 per cent in May, while estimating a 0.3 per cent decline in June. […] Read more



Canadian Financial Close: Loonie, TSX come down

  Glacier FarmMedia MarketsFarm – The Canadian dollar barely hung onto the 73 United States cent mark. The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The U.S. Dollar Index was up 0.44 of a point at 104.18. Crude oil prices underwent a correction on Thursday, paring some of Wednesday’s increases. […] Read more