Canadian Financial Close: Crude pulls down loonie

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to step back on Monday, with weakness in crude oil weighing on values. However, losses in the United States dollar tempered further declines. The loonie finished at US$0.7270 or US$1=C$1.3755, compared to Friday’s close of US$0.7284 or US$1=C$1.3728. The U.S. Dollar Index[...]


Canadian Dollar and Business Outlook: Loonie rises, crude oil pulls back

Glacier FarmMedia | MarketsFarm - The Canadian dollar jumped on Monday morning, approaching the 74 United States cent mark. The loonie was at US$0.7383 or US$1=C$1.3545 as of 8:30 a.m. CDT, compared to Friday’s close at US$0.7354 or US$1=C$1.3598. Canadian Prime Minister Mark Carney will meet with United States President Donald Trump this morning at[...]

Canadian Financial Close: Loonie ends down on the week

Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Friday to end a negative week for the currency. The loonie closed the day at US$0.7284 or US$1=C$1.3728, compared to US$0.7287 or US$1=C$1.36724 on Thursday. It ended the week down seven-tenths of a U.S. cent compared to June 13. The United States Dollar Index[...]


Canadian Financial Close: Canada's unemployment rate rises

Glacier FarmMedia | MarketsFarm - The Canadian dollar fell back below the 73 United States cent mark on Thursday. The loonie closed the day at US$0.7287 or US$1=C$1.3724, compared to US$0.7314 or US$1=C$1.3673 on Wednesday. Statistics Canada reported on Thursday that the country’s unemployment rate increased to 6.9 per cent in April, compared to 6.2[...]

Canadian Financial Close: Loonie drops, Fed leaves rates unchanged

The Canadian dollar took a tumble on Wednesday as the United States Federal Reserve left its key interest rates unchanged. The loonie closed the day at US$0.7314 or US$1=C$1.3673, compared to US$0.7351 or US$1=C$1.3603 on Tuesday. The U.S. Dollar Index was down 0.18 of a point at 98.64. Fed chairman Jerome Powell also said it may[...]


Canadian Financial Close: Loonie down, Middle East tensions rise

Glacier FarmMedia | MarketsFarm – The Canadian dollar closed lower on Tuesday as the conflict between Israel and Iran continues to escalate. The loonie finished the day at US$0.7351 or US$1=C$1.3603, compared to US$0.7376 or US$1=C$1.3558 on Monday. The United States Dollar Index jumped 0.81 of a point at 98.81. U.S. President Donald Trump urged for Iran’s[...]

Canadian Financial Close: Loonie rallies, crude oil retreats

Glacier FarmMedia | MarketsFarm – The Canadian dollar ended Monday short of the 74 United States cent mark, but it was the highest close since October. The loonie closed the day at US$0.7376 or US$1=C$1.3558, compared to US$0.7354 or US$1=C$1.3598 on Friday. The U.S. Dollar Index was down 0.04 of a point at 98.14 after nearly dropping[...]