Canadian Financial Close: Loonie retreats, crude oil jumps

Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back after the release of economic news from Statistics Canada. The loonie ended Thursday at US$0.7337 or US$1=C$1.3630, compared to US$0.7348 or US$1=C$1.3609 on Wednesday. StatCan reported this morning that retail sales in Canada shrank by 1.1 per cent in May with losses led by[...]

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

Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back on Thursday morning. The loonie was at US$0.7340 or US$1=C$1.3624 as of 8:28 a.m. CDT, compared to Wednesday’s close at US$0.7348 or US$1=C$1.3609. The United States Dollar Index was up 0.14 of a point at 97.35. Crude oil prices were climbing on trade[...]





U.S. cattle ranchers slowly start to rebuild decimated herd

In major U.S. livestock regions, some ranchers have slowly begun taking the first steps to boost cattle production after the nation’s inventory shrank due to a years-long drought that dried up pasture land used for grazing and hiked feeding costs.