Canadian Dollar and Business Outlook: Loonie virtually unchanged

StatCan issues retasil sales report

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar held firm on Friday morning following the latest retail sales report from Statistics Canada. As of 8:39 am CST, the loonie was at US$0.7050 or US$1=C$1.4185 compared to Thursday’s close of US$0.7048 or US$1=C$1.4188. On the United States Dollar Index, the greenback climbed 0.241 of

Canadian Financial Close: Loonie retakes ground

Hard loss for greenback

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished higher on Thursday by almost two-tenths of cent as the United States dollar pulled back while crude oil edged upward. The loonie closed on Thursday at US$0.7048 or US$1=C$1.4188, compared to Wednesday’s finish of US$0.7031 or US$1=C$1.4223. On the U.S. Dollar Index,


Canadian Dollar and Business Outlook: Positive momentum for loonie

Lower greenback, higher crude oil

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar climbed higher on Thursday morning aided by declines in its United States counterpart and upticks in crude oil. As of 8:32 am CST, the loonie was at US$0.7046 or US$1=C$1.4191 compared to Wednesday’s close of US$0.7031 or US$1=C$1.4223. On the United States Dollar Index, the

Canadian Financial Close: Loonie dips again

Greenback, crude oil increase

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to slip back on Wednesday The loonie closed on Wednesday at US$0.7031 or US$1=C$1.4223, compared to Tuesday’s finish of US$0.7046 or US$1=C$1.4193. On the U.S. Dollar Index, the greenback tacked on 0.105 of a point at 107.060. Benchmark crude oil prices edged


Canadian Dollar and Business Outlook: Slight dip for loonie

Despite upticks in crude oil

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar slipped back on Wednesday morning. As of 8:35 am CST, the loonie was at US$0.7037 or US$1=C$1.4209 compared to Tuesday’s close of US$0.7046 or US$1=C$1.4193. On the United States Dollar Index, the greenback inched up 0.040 of a point at 106.995. Benchmark crude oil prices

Canadian Financial Close: Loonie simmers a bit

StatCan releases January CPI data

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Tuesday as the country saw a slight increase in inflation and the United States currency strengthened. The loonie closed on Tuesday at US$0.7046 or US$1=C$1.4193, compared to Friday’s finish of US$0.7059 or US$1=C$1.4201. On the U.S. Dollar Index, the greenback


Canadian Dollar and Business Outlook: Loonie slips to start the week

StatCan says inflation up in January

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Tuesday morning due to gains in its United States counterpart and little direction from crude oil. As of 8:34 am CST, the loonie was at US$0.7042 or US$1=C$1.4201 compared to Friday’s close of US$0.7059 or US$1=C$1.4166. On the United States Dollar Index,

Canadian Financial Close: C$ rises amid easing tariff concerns

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Friday, finding support as tariff threats from United States President Donald Trump continue to be ‘more bark than bite.’ The Canadian dollar settled at US$0.7059 or US$1=C$1.4166, which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per cent


Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, trading at its highest level in two months relative to its United States counterpart. At 8:56 a.m. CST the Canadian dollar was trading at US$0.7064 or US$1=C$1.4158 which compares with Thursday’s close of US$0.7021 or US$1=C$1.4242. Canadian manufacturing sales were up 0.3 per

Canadian Financial Close: C$ strengthens

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Thursday, hitting its highest level in two months relative to its United States counterpart. Broad weakness in the U.S. currency internationally accounted for much of the strength. The Canadian dollar settled at US$0.7021 or US$1=C$1.4242, which compares with Wednesday’s close of US$0.6994 or US$1=C$1.4298.