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Canadian Financial Close: Loonie pushing higher

Dollar gains more than a quarter cent

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar increased in value on Monday, as the United States dollar continued to struggle. The loonie finished at US$0.8277 or US$1=C$1.2081, compared to Friday’s close of US$0.8258 or US$1=C$1.2109. On the U.S. Dollar Index, the greenback slipped back 0.148 at 90.175 points. The

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar was firmer Monday morning, as gains in crude oil provided some support. The strength in the currency came despite signs that Canada’s housing market was cooling down. At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8268 or US$1=C$1.2095 which compares with Friday’s

Canadian Financial Close: C$ ends week stronger

By MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The Canadian dollar was stronger on Friday, underpinned by gains in crude oil and solid domestic economic data. The Canadian dollar closed at US$0.8258 or US$1=C$1.2109 on Friday, which compares with Thursday’s North American close of US$0.8230 or US$1=C$1.2150. Canadian factory sales were up by 3.5 per cent

Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from its recently-hit three-year highs. The Canadian dollar closed at US$0.8230 or US$1=C$1.2150 on Thursday, which compares with Wednesday’s North American close of US$0.8267 or US$1=C$1.2096. Comments from Bank of Canada Governor Tiff Macklem contributed to the softer tone in



Canadian Financial Close: C$ steady

By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar hit its strongest levels in six years relative to its United States counterpart on Wednesday, but ran into resistance to settle unchanged on the day. The Canadian dollar closed at US$0.8267 or US$1=C$1.2096 on Wednesday, which was steady with Tuesday’s North American close. Data out


Canadian Financial Close: C$ steady

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar was steady at Tuesday’s close, holding near the three-and-a-half year highs. The Canadian dollar closed at US$0.8267 or US$1=C$1.2096 on Monday, which was up from Monday’s North American close US$0.8268 or US$1=C$1.2095. Strength in global commodity markets, including fresh highs in copper, contributed to the


Canadian Dollar and Business Outlook: Declines all around

WINNIPEG – The Canadian dollar took a step back on Tuesday morning after reaching a three-and-a-half-year high on Monday. As of 8:45 a.m. CDT, the loonie was at US$0.8257 or US$1=C$1.2111 compared to US$0.8268 or US$1=C$1.2095 when markets closed on Monday. The Canadian dollar’s recent rise was attributed to higher commodity prices and a weakening

Canadian Financial Close: C$ hits fresh multi-year highs

By MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was stronger on Monday, hitting fresh three-and-a-half year highs relative to its United States counterpart. The Canadian dollar closed at US$0.8268 or US$1=C$1.2095 on Monday, which was up from Friday’s North American close US$0.8226 or US$1=C$1.2156. General weakness in the U.S. dollar internationally accounted for