Canadian Dollar and Business Outlook: Loonie, TSX rise

Glacier FarmMedia MarketsFarm – The Canadian dollar moved above 74 United States cents on Thursday morning. The loonie was at US$0.7407 or US$1=C$1.3501 as of 8:41 a.m. CST, compared to Wednesday’s close of US$0.7380 or US$1=C$1.3550. The United States Dollar Index dropped 0.43 of a point at 104.30. Crude oil prices were higher despite reports of […] Read more

Canadian Financial Close: Crude oil down, TSX rebounds

Glacier FarmMedia MarketsFarm – The Canadian dollar made a modest increase on Wednesday. The loonie closed at US$0.7380 or US$1=C$1.3550, compared to US$0.7377 or US$1=C$1.3556 on Tuesday. The United States Dollar Index declined 0.22 of a point at 104.74. Crude oil prices dropped on Wednesday after larger-than-expected growth in U.S. stockpiles. However, tensions in the Middle […] Read more


Canadian Dollar and Business Outlook: Loonie unchanged, crude oil higher

Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Wednesday morning. The loonie was at US$0.7378 or US$1=C$1.3554 as of 8:35 a.m. CST, compared to Tuesday’s close of US$0.7377 or US$1=C$1.3556. The United States Dollar Index declined 0.12 of a point at 104.84. Crude oil prices were higher despite reports of expanded U.S. stockpiles […] Read more

Canadian Financial Close: Loonie, TSX fall in reaction to U.S. inflation data

Glacier FarmMedia MarketsFarm – The Canadian dollar fell sharply after the release of inflation data in the United States. The loonie closed at US$0.7377 or US$1=C$1.3556, compared to US$0.7435 or US$1=C$1.3450 on Monday. The U.S. Dollar Index jumped 0.71 of a point at 104.12 after the Labor Department reported that the country’s consumer price index increased […] Read more






Canadian Financial Close: Loonie inches a little higher

StatCan says unemployment dips

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar edged up on Friday supported by increases in crude oil while a slightly stronger United States dollar weighed on values. The Canadian dollar closed at US$0.7431 or US$1=C$1.3458, compared to Thursday’s finish of US$0.7426 or US$1=C$1.3467. On the U.S. Dollar Index, the greenback slipped […] Read more


Canadian Dollar and Business Outlook: Loonie rises a little more

StatCan reports unemployment slips to 5.7 per cent

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar bumped up on Friday morning, due to small increases in crude oil while the United States dollar was relatively steady. Also, Statistics Canada reported on Friday that the country’s unemployment rate declined to 5.7 per cent in December after 37,000 jobs were added. As […] Read more

Canadian Financial Close: Oil jumps but loonie remains steady

Rising Middle East tensions like to price hike

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, despite sharp upticks in crude oil prices. The Canadian dollar closed at US$0.7426 or US$1=C$1.3467, compared to Wednesday’s finish of US$0.7424 or US$1=C$1.3469. On the U.S. Dollar Index, the greenback inched up 0.093 of a point at 104.010. Benchmark […] Read more