Canadian Financial Close: Loonie steady, mercurial day for gold

Glacier FarmMedia -- The Canadian dollar stayed put on Friday, maintaining its 0.24 U.S. cent gain from the previous week. The loonie closed at US$0.7272 or US$1=C$1.3751 on Friday, compared to US$0.7271 or US$1=C$1.3753 on Thursday. Statistics Canada reported this morning that the country’s economy shed 41,000 jobs in July, but the unemployment rate was[...]

Canadian Financial Close: Loonie steady as tariffs come into effect

Glacier FarmMedia -- The Canadian dollar was relatively steady on Thursday as tariffs imposed by United States President Donald Trump came into effect. The loonie closed at US$0.7271 or US$1=C$1.3753, compared to US$0.7275 or US$1=C$1.3746 on Wednesday. Canadian goods not covered under the Canada-U.S.-Mexico Agreement (CUSMA) are subject to 35 per cent levies. The United[...]


Canadian Financial Close: Loonie, TSX on the rise

Glacier FarmMedia -- The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7254 or US$1=C$1.3785 on Tuesday. The United States Dollar Index dropped 0.53 of a point at 98.25. U.S. President Donald Trump threatened 50 per cent tariffs on goods from India earlier today due to the[...]

Canadian Financial Close: Loonie up, TSX surges

Glacier FarmMedia – The Canadian dollar strengthened slightly coming out of the August long weekend. The loonie closed at US$0.7254 or US$1=C$1.3785 on Tuesday, compared to US$0.7248 or US$1=C$1.3797 on Friday. The Bank of Canada did not post a closing rate on Monday. The United States Dollar Index gained 0.03 of a point at 98.81. Crude[...]



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.