Canadian Dollar and Business Outlook: Loonie advances despite a lack of support

Greenback, crude oil relatively steady

By MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning, despite slight pressure from its United States counterpart and no direction from crude oil prices. As of 8:37 am CDT, the loonie was at US$0.7571 or C$1.3210, compared to Tuesday’s close of US$0.7552 or US$1=C$1.3241. On the U.S. Dollar Index,

Canadian Financial Close: Loonie, crude oil in the red

WINNIPEG – While still near its highest levels in 2023, the Canadian dollar declined on Tuesday. The loonie closed at US$0.7552 or US$1=C$1.3241, compared to US$0.7572 or US$1=C$1.3206 on Monday. The United States Dollar Index added 0.04 of a point at 102.56. Most U.S. markets resumed trading after the Juneteenth holiday on Monday. Fears that


Canadian dollar and business outlook

By MarketsFarm   WINNIPEG, June 20 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning as losses in crude oil weighed on the energy-linked currency. At 9:12 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7549 or US$1=C$1.3247, which compares with Monday’s close of US$0.7572 or US$1=C$1.3206. The number of job vacancies in Canada

Canadian Financial Close: Not much change in loonie

Greenback, crude oil essentially cancel out each other

Compiled by MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, as the United States dollar added value while crude oil prices slipped. The Canadian dollar closed at US$0.7572 or US$1=C$1.3206, compared to Friday’s finish of US$0.7577 or US$1=C$1.3198. On the U.S. Dollar Index, the greenback gained 0.257 of a


Canadian Dollar and Business Outlook: Loonie holding firm in light of pressure

U.S. dollar nudges up, crude oil dips

By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, with pressure from small upticks in the United States dollar and slight declines in crude oil prices. As of 8:34 am CDT, the loonie was at US$0.7581 or C$1.3189, compared to Friday’s close of US$0.7577 or US$1=C$1.3198. On the




Canadian Financial Close: Loonie rises on weak U.S. greenback

WINNIPEG – The Canadian dollar extended its recent climb, reaching a calendar-year high close. The loonie closed at US$0.7546 or US$1=C$1.3252, compared to US$0.7520 or US$1=C$1.3297 on Wednesday. The United States Dollar Index fell 0.82 of a point at 102.12. The Federal Reserve announced on Wednesday it was leaving its key interest rates unchanged. Earlier