Canadian Dollar and Business Outlook: Loonie, gold rebound

Glacier FarmMedia | MarketsFarm – The Canadian dollar bounced back on Thursday after dropping the day before following Donald Trump’s United States election win. The loonie was at US$0.7210 or US$1=C$1.3870 as of 8:31 a.m. CST, compared to US$0.7176 or US$1=C$1.3935 on Wednesday. The U.S. Dollar Index declined 0.55 of a point at 104.54. The Federal

Canadian Financial Close: Loonie, gold down after Trump re-election

Glacier FarmMedia | MarketsFarm – The Canadian dollar dived on Wednesday hours following Donald Trump’s re-election as President of the United States. The loonie was at US$0.7176 or US$1=C$1.3935, compared to US$0.7218 or US$1=C$1.3854 on Tuesday. The United States Dollar Index jumped 1.66 points at 105.09. Crude oil recovered most of its losses from this morning.



Canadian Financial Close: Loonie keeps positive momentum

Glacier FarmMedia | MarketsFarm – The Canadian dollar rose yet again on Tuesday. The loonie was at US$0.7218 or US$1=C$1.3854, compared to US$0.7197 or US$1=C$1.3894 on Monday. The United States Dollar Index was down 0.45 of a point at 103.44 on Election Day. Crude oil increased after Chinese Premier Li Qiang said he had confidence


Canadian Dollar and Business Outlook: Loonie finds upside

Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its move upwards on Tuesday morning. The loonie was at US$0.7213 or US$1=C$1.3864 as of 8:30 a.m. CST, compared to US$0.7197 or US$1=C$1.3894 on Monday. The United States Dollar Index was down 0.16 of a point at 103.73 on Election Day. The Federal Reserve will make

Canadian Financial Close: Loonie rises with crude oil

Glacier FarmMedia | MarketsFarm – The Canadian dollar jumped to start the week, approaching the 72 United States cent mark. The loonie was at US$0.7197 or US$1=C$1.3894, compared to US$0.7178 or US$1=C$1.3932 on Friday. The United States Dollar Index was down 0.37 of a point at 103.91. Crude oil rose on Monday after OPEC+ announced



Canadian Financial Close: Loonie pulls back

U.S. greenback adds strength

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was down on Friday, as its United States counterpart added strength. The loonie was at US$0.7178 or US$1=C$1.3932 compared to Thursday’s close of US$0.7196 or US$1=1.3916. On the United States Dollar Index, the greenback gained 0.377 of a point at 104.255. Benchmark crude


Canadian Dollar and Business Outlook: Loonie holding firm

Earlier declines due to interest rate cuts

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning, as the loonie’s previous declines, due to the Bank of Canada’s more aggressive interest rate cuts compared to those by the United States Federal Reserve, seem to have run their course. As of 8:36 am CDT, the loonie was

Canadian Financial Close: Loonie holds still

StatCan reports on Q3 growth

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was unchanged on Thursday following the latest Statistics Canada report on the country’s economy. The loonie remained at US$0.7186 or US$1=C$1.3915. On the United States Dollar Index, the greenback shed 0.052 of a point at 103.810. StatCan said Canada’s gross domestic product likely