Canadian Dollar and Business Outlook: Weaker greenback, higher loonie

Crude prices rise as Laura intensifies

By MarketsFarm WINNIPEG, Aug. 25 (MarketsFarm) – The Canadian dollar was slightly higher on Tuesday morning, due to a weaker United States dollar. As of 8:48 CDT, the Canadian dollar was at US$0.7585 or C$1.3186, compared to Monday’s close of US$0.7572 or C$1.3207. The U.S. Dollar Index slipped under 93.100 points on Tuesday morning as

Canadian Financial Close: Loonie firm after choppy day

Manufacturing sales climb 8.7 per cent

By MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar finished virtually unchanged on Monday. However, this morning the loonie pushed to almost 76.00 United States cents before losing almost a half cent, only to end up pretty much where it started. The Canadian dollar finished at US$0.7572 or US$1=C$1.3207, compared to Friday when it


Canadian Dollar and Business Outlook: Loonie approaches 76 U.S. cents

Stocks, crude pushing up Canadian dollar

By MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar was higher on Monday morning, on gains in the Toronto Stock Exchange and crude oil prices. As of 8:43 CDT, the Canadian dollar was at US$0.7589 or C$1.3177, compared to Friday’s close of US$0.7573 or C$1.3205. At the start of trading, the TSX/S&P Composite Index

Canadian Financial Close: Loonie steady on Friday

By MarketsFarm WINNIPEG, Aug. 21 (MarketsFarm) – The Canadian dollar was steady at Friday’s close. The dollar finished the day at US$0.7573 or US$1=C$1.3205, compared to Thursday when it closed at US$0.7579 or US$1=C$1.3195. Global stock indices were mostly higher, led by gains in the tech sector. Stock performances were also supported by economic data


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 21 (MarketsFarm) – The Canadian dollar was slightly lower on Friday, as its United States counterpart regained some strength.      At 9:00 CDT Friday morning the Canadian dollar was at US$0.7557 or US$1=C$1.3241, which compares with Thursday’s North American close of US$0.7579 or US$1=C$1.3195. Global economic data has indicated a recovery

Canadian Financial Close: Loonie slightly lower on Thursday

By MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, due to losses in the crude oil sector. The dollar finished the day at US$0.7579 or US$1=C$1.3195, compared to Monday when it closed at US$0.7592 or US$1=C$1.3171. Ottawa has announced the Canadian Emergency Response Benefit (CERB) will be extended for


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – The Canadian dollar was weaker on Thursday morning, as the United States dollar index moved slightly above 93 points.      At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7552 or US$1=C$1.3241, which compares with Tuesday’s North American close of US$0.7592 or US$1=C$1.3171. Canada’s stock indices were

Canadian dollar and business outlook

WINNIPEG, Aug. 20 (MarketsFarm) – The Canadian dollar was weaker on Thursday morning, as the United States dollar index moved slightly above 93 points.      At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7552 or US$1=C$1.3241, which compares with Tuesday’s North American close of US$0.7592 or US$1=C$1.3171. Canada’s stock indices were lower in


Canadian Financial Close: Loonie steady on Wednesday

By MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was steady on Wednesday, after spending most of the day over 76 United States cents. The dollar finished the day at US$0.7592 or US$1=C$1.3171, compared to Monday when it closed at US$0.7593 or US$1=C$1.3170. Global stock indices were lower on the day following meeting minutes

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning, holding over 76 United States cents.      At 9:25 CDT Tuesday morning the Canadian dollar was at US$0.7611 or US$1=C$1.3138, which compares with Tuesday’s North American close of US$0.7593 or US$1=C$1.3170. Canada’s inflation rate fell to 0.1 per cent