Canadian Financial Close: Loonie adds nearly a third of a cent

Oil higher on no OPEC+ production cuts

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar pushed higher on Tuesday aided by a weaker United States dollar and rising crude oil prices. The loonie closed at US$0.7465 or US$1=C$1.3396, compared to Monday’s close of US$0.7434 or US$1=C$1.3413. On the U.S. Dollar Index, the greenback lost 0.672 of a

Canadian Dollar and Business Outlook: Loonie pushing higher

Crude on the rise, lending support

WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, gleaning support from stronger crude oil prices and a weaker United States dollar. As of 8:35 am CST, the Canadian dollar was at US$0.7454 or C$1.3410, compared to Monday’s close of US$0.7434 or C$1.3452. On the U.S. Dollar Index, the greenback stepped


Canadian Financial Close: Loonie forgoes more than a third of a cent

Crude oil backs away from larger declines

WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar pulled back on Monday as the United States dollar gained strength and crude oil was lower. The loonie closed at US$0.7434 or US$1=C$1.3452, compared to Friday’s close of US$0.7471 or US$1=C$1.3385. On the U.S. Dollar Index, the greenback surged 0.899 of a point at 107.725. Benchmark crude







Canadian Dollar and Business Outlook: Loonie, crude oil drop

WINNIPEG – The Canadian dollar dropped below the 75 United States cent mark on Thursday morning. As of 8:35 a.m. CST, the loonie was at US$0.7475 or US$1=C$1.3378, down from US$0.7513 or US$1=C$1.3311 at Wednesday’s close. On Wednesday, StatCan reported that Canada’s annual inflation rate was steady at 6.9 per cent in October. The U.S.


Canadian Financial Close: Loonie lower, inflation steady

WINNIPEG – The Canadian dollar had a slight decline on Wednesday. The loonie closed at US$0.7513 or US$1=C$1.3311, down from US$0.7524 or US$1=C$1.3290 on Tuesday. Earlier today, Statistics Canada (StatCan) reported that Canada’s annual inflation rate held steady in October compared to the previous month at 6.9 per cent. However, gasoline prices jumped by 9.2