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Canadian Financial Close: Loonie holds firm amid virus fears

Virus confirmed in eight countries

By MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Friday, despite global fears of the Wuhan virus that have negatively affected commodity and stock markets. The loonie finished the day at US$0.7610 or US$1=C$1.3140, which compares with Thursday’s close of US$0.7609 or C$1.3143. The Wuhan virus, named

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, seeing some consolidation after weakening in recent days. At 8:46 CST Friday morning the Canadian dollar was at US$0.7614 or C$1.3134 which compares with Thursday’s North American close of US$0.7609 or C$1.3143. Canadian retail sales rose by 0.9 per

Canadian Financial Close: Loonie slipping towards 76 U.S. cents

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar continued lower at market close on Thursday, as crude oil prices declined. The loonie finished the day at US$0.7609 or US$1=C$1.3143, which compares with Wednesday’s close of US$0.7624 or C$1.3116. Benchmark crude oil prices were down on Thursday after the World Health Organization said it

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) The Canadian dollar was weaker Thursday morning, dipping below psychological support as the currency saw a continuation of Wednesday’s declines. At 8:53 CST Wednesday morning the Canadian dollar was at US$0.7597 or C$1.3163 which compares with Wednesday’s North American close of US$0.7624 or C$1.3116. The Bank of Canada’s decision

Canadian Financial Close: Rate freeze leads to lower loonie

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was weaker at market close on Wednesday, following the Bank of Canada’s interest rate announcement. The loonie finished the day at US$0.7624 or US$1=C$1.3116, which compares with Tuesday’s close of US$0.7653 or C$1.3067. The central bank’s governor, Stephen Poloz, continued to free its key interest


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) The Canadian dollar was slightly firmer Wednesday morning, as investors await the Bank of Canada’s latest interest rate announcement. At 8:42 CST Wednesday morning the Canadian dollar was at US$0.7664 or C$1.3048 which compares with Tuesday’s North American close of US$0.7653 or C$1.3067. Economists generally expect the Bank of

Canadian Financial Close: Loonie dips a little

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was slightly lower at market close on Tuesday, due to losses on the Toronto Stock Exchange. The loonie finished the day at US$0.7653 or US$1=C$1.3067, which compares with Monday’s close of US$0.7661 or C$1.3053. The TSX/S&P Composite Index was down 26.13 on Tuesday to close

Canadian Dollar and Business Outlook: Loonie holding firm

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was virtually unchanged Tuesday morning ahead of tomorrow’s interest rate announcement from the Bank of Canada. As of 8:38 CST, the Canadian dollar was at US$0.7662 or C$1.3054. That compares to Monday’s North American close of US$0.7661 or C$1.3053. It’s widely expected on Wednesday that



Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was holding near unchanged Monday morning in thin and choppy activity as markets in the United States were closed for Martin Luther King Jr. Day. At 8:56 CST Monday morning the Canadian dollar was at US$0.7655 or C$1.3063 which compares with Friday’s North American close