Canadian Financial Close: Loonie down, records for TSX, gold

Glacier FarmMedia – The Canadian dollar was in reverse coming out of the Labour Day weekend. The loonie closed at US$0.7252 or US$1=C$1.3789 on Tuesday, compared to US$0.7277 or US$1=C$1.3742 on Friday. The Bank of Canada did not publish a closing rate on Monday due to the holiday. The United States Dollar Index was up[...]

Canadian Dollar and Business Outlook: Loonie swings higher

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was claiming lost ground on Thursday morning as its United States counterpart stepped back. As of 8:53 am CDT, the loonie was at US$0.7257 or US$1=C$1.3778 compared to Wednesday’s close of US$0.7235 or US$1=C$1.3821. On the United States Dollar Index, the greenback was down[...]


Canadian Financial Close: Loonie, crude oil advance

The Canadian dollar reached its highest close in nine days on Wednesday, aided by higher crude oil prices. The loonie closed at US$0.7235 or US$1=C$1.3821 on Wednesday, compared to US$0.7227 or US$1=C$1.3837 on Tuesday. The United States Dollar Index was unchanged at 98.23 points. Crude oil prices recovered some of its Tuesday losses despite the[...]

Canadian Dollar and Business Outlook: Loonie steps back

Glacier FarmMedia – The Canadian dollar was lower on Wednesday morning. The loonie was at US$0.7216 or US$1=C$1.3858 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7227 or US$1=C$1.3837. The United States Dollar Index was up 0.34 of a point at 98.57. Crude oil prices were slightly higher on Wednesday as the trade[...]



Canadian Financial Close: Loonie, TSX rise ahead of Labour Day

Glacier FarmMedia -- The Canadian dollar ended the week with its highest close in a month. The loonie closed at US$0.7277 or US$1=C$1.3742 on Friday, compared to US$0.7270 or US$1=C$1.3756 on Thursday. By comparison, last week’s close was US$0.7218 or US$1=C$1.3854. Statistics Canada reported today that Canada’s economy shrank by 1.6 per cent in the[...]


Canadian Dollar and Business Outlook: Economy shrinks in Q2

Glacier FarmMedia – The Canadian dollar turned lower on Friday morning, taking hits from gains in the United States dollar and losses in crude oil. The loonie was at US$0.7259 or US$1=C$1.3776 as of 8:29 a.m. CDT, compared to Thursday’s close at US$0.7270 or US$1=C$1.3756. Statistics Canada reported today that the country’s economy shrank by[...]

Canadian Financial Close: Loonie jumps, crude oil up

Glacier FarmMedia – The Canadian dollar had its highest closing price in nearly three weeks on Thursday. The loonie closed at US$0.7270 or US$1=C$1.3756 on Thursday, compared to US$0.7235 or US$1=C$1.3821 on Wednesday. Statistics Canada reported today a 12,100 increase in job vacancies in June at 492,000, with much of the increase in the construction[...]