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Canadian Financial Close: Loonie climbs with unexpected job news, gains in crude

StatsCan, OPEC+ pull off surprises

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was higher on Friday, due to a surprising employment report and strong gains in crude oil. The loonie finished the day at US$0.7447 or US$1=C$1.3429, compared to Thursday when it closed at US$0.7403 or US$1=C$1.3508. Statistics Canada reported today that the country’s economy gained almost

Canadian Dollar and Business Outlook: Jobs report boosts loonie

OPEC+ conference going ahead

By MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The Canadian dollar was higher on Friday morning due to surprisingly strong employment data from Statistics Canada. As of 8:39 CDT, the Canadian dollar was at US$0.7463 or C$1.3393, compared to Thursday’s close of US$0.7403 or C$1.3508. Statistics Canada reported the economy gained almost 290,000 jobs when economists

Canadian Financial Close: Loonie firm amid trade deficit

OPEC+ meeting back on - maybe

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, as pressure from poor trade data was countered by small gains in global crude oil. The loonie finished the day at US$0.7403 or US$1=C$1.3508, compared to Tuesday when it closed at US$0.7405 or US$1=C$1.3504. Statistics Canada reported the country had


Canadian Financial Close: Loonie steady as rate freeze continues

OPEC+ conference in doubt

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday following the Bank of Canada’s announcement on interest rates. The loonie finished the day at US$0.7405 or US$1=C$1.3504, compared to Tuesday when it closed at US$0.7399 or US$1=C$1.3515. The Bank of Canada said its key rate would remain at 0.25


Canadian Dollar and Business Outlook: Loonie dips prior to key interest rate announcement

Crude mixed prior to OPEC+ meeting

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday morning prior to the Bank of Canada making its announcement on interest rates. As of 8:37 CDT, the Canadian dollar was at US$0.7389 or C$1.3534, compared to Tuesday’s close of US$0.7399 or C$1.3515. In Tiff Macklem’s first day as the

Canadian Financial Close: Loonie keeps getting stronger

BoC interest rate announcement tomorrow

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting a three-month high ahead of tomorrow’s interest rate announcement from the Bank of Canada. The loonie finished the day at US$0.7399 or US$1=C$1.3515, compared to Monday when it closed at US$0.7337 or US$1=C$1.3630. It’s widely expected that incoming Bank of



Canadian Financial Close: Loonie rises ahead of central bank announcement

Benchmark crude oil slips

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was stronger on Monday, having made gains ahead of the Bank of Canada’s announcement on interest rate scheduled for Wednesday. The loonie finished the day at US$0.7337 or US$1=C$1.3630, compared to Friday when it closed at US$0.7253 or US$1=C$1.3787. Benchmark crude oil prices were lower

Canadian Dollar and Business Outlook: Loonie up amid higher U.S./China tensions

China orders halt on some U.S. imports

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Monday morning relative to the United States dollar. As of 8:46 CDT, the Canadian dollar was at US$0.7296 or C$1.3708, compared to Friday’s close of US$0.7253 or C$1.3787. Benchmark crude oil prices were steady to lower Monday morning as OPEC and Russia