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Canadian Financial Close: Loonie retreats from 79 cents

Stronger greenback foils loonie's gains

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By MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – The Canadian dollar lost nearly a half cent on Friday, as the United States gained strength. The dollar finished at US$0.7857 or US$1.2727, compared to Thursday’s close of US$0.7903 or US$1=C$1.2654. The greenback was up more than a half point on the U.S. Dollar Index at 90.770. Benchmark
Currency markets

Canadian Dollar and Business Outlook: Loonie falls back from 79 U.S. cents

Biden's $1.9 trillion plan boosts greenback

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By MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – The Canadian dollar was down sharply on Friday morning as its United States counterpart gained strength. As of 8:40 CST, the Canadian dollar was at US$0.7861 or C$1.2723, compared to Thursday’s close of US$0.7903 or C$1.2654. On the U.S. Dollar Index, the greenback was up 0.345 at 90.560
Currency markets

Canadian Financial Close: Loonie continues rising

Dollar pushes above 79 U.S. cents

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By MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The Canadian dollar was stronger on Thursday, closing above 79 U.S. cents due to a slightly weaker United States dollar and gains in crude oil prices. The dollar finished at US$0.7903 or US$1.2654, compared to Tuesday’s close of US$0.7868 or US$1=C$1.2710. The U.S. Dollar Index saw the greenback
Currency markets

Canadian Financial Close: C$ strengthens

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By MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was stronger relative to its counterpart in the United States on Wednesday, despite broad advances for the U.S. dollar against most other major currencies. The Canadian dollar closed at US$0.7868 or US$1=C$1.2710, which compares with Tuesday’s North American close of US$0.7846 or US$1=C$1.2746. Advances in
Currency markets

Canadian Dollar and Business Outlook: Loonie holding steady

Despite higher US dollar, lower crude prices

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By MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was virtually unchanged Wednesday, as the United States dollar made gains. As of 8:43 CST, the Canadian dollar was at US$0.7849 or C$1.2743, compared to Tuesday’s close of US$0.7846 or C$1.2746. On the U.S. Dollar Index, the greenback was up 0.301 at 90.365 points. Benchmark
Currency markets

Canadian Financial Close: Loonie bounces back

US dollar slips, crude oil rises

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By MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was higher on Tuesday due to a drop in the United States dollar and increases in crude oil prices. The dollar finished at US$0.7846 or US$1.2746, compared to Monday’s close of US$0.7820 or US$1=C$1.2788. The greenback retreated to almost 90 points on the U.S. Dollar
Currency markets

Canadian Dollar and Business Outlook: Crude prices push up loonie

Markets expect reduced U.S. oil inventories

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By MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – The Canadian dollar was higher Tuesday due to increases in crude oil prices. As of 8:42 CST, the Canadian dollar was at US$0.7833 or C$1.2766, compared to Monday’s close of US$0.7820 or C$1.2788. Benchmark crude oil prices were higher Tuesday morning, on expectations that United States oil inventories
Currency markets

Canadian Financial Close: Loonie takes a tumble

US dollar higher, crude oil drops

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By MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar weakened on Monday as its United States counterpart gained strength and crude oil prices were down. The dollar finished at US$0.7820 or US$1.2788, compared to Friday’s close of US$0.7871 or US$1=C$1.2705. The greenback reached 90.500 points on the U.S. Dollar Index, moving above the 90
Currency markets

Canadian Dollar and Business Outlook: Loonie falls back

Greenback stronger, crude prices drop

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By MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar lower Monday amid increases in the United States Dollar and declines in crude oil prices. As of 8:47 CST, the Canadian dollar was at US$0.7792 or C$1.2822, compared to Friday’s close of US$0.7871 or C$1.2705. The greenback surged above 90 points on the U.S. Dollar

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