Canadian Dollar and Business Outlook: More declines for loonie

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to peel back Thursday morning as trade talks between Canada and the United States press towards Friday’s deadline. As of 8:36 am CDT, the loonie was at US$0.7227 or US$1=C$1.3837 compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. On the U.S. Dollar Index,[...]

Canadian Financial Close: More declines for loonie

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar fell back further on Wednesday, as the Bank of Canada and the United States Federal Reserve made their respective interest rate announcements. The BoC continued to freeze its key rates at 2.75 per cent, suggesting that cuts could resume in the coming months.[...]


Canadian Financial Close: Loonie up as U.S. markets tumble

Glacier FarmMedia -- The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7223 or US$1=C$1.3844 on Thursday. However, the closing rate paled in comparison to that of a week earlier at US$0.7297 or US$1=C$1.3704. Tariff rates on the goods of numerous[...]