Markets

Glacier FarmMedia — The Canadian dollar stepped back on Monday after new economic news from Statistics Canada and ahead of an important budget vote in the House of Commons.      The loonie slipped to US$0.7125 or US$1=C$1.4035 on Monday, compared to US$0.7130 or US$1=C$1.4025 on Friday.      StatCan reported this morning that Canada’s inflation rate

Glacier FarmMedia – The Canadian dollar was lower on Monday despite the release of economic news from Statistics Canada.      The loonie was at US$0.7122 or US$1=C$1.4041 as of 9:05 a.m. CST, compared to Friday’s close at US$0.7130 or US$1=C$1.4025.      StatCan reported on Monday the country’s annual inflation rate was at 2.2 per cent

Glacier FarmMedia — The Canadian dollar held relatively steady on Friday. While solid domestic economic data and gains in crude oil were supportive, broad strength in the United States dollar internationally weighed somewhat on the loonie.      The Canadian dollar settled at US$0.7130 or US$1=C$1.4025, which compares with Thursday’s close of US$0.7134 or US$1=C$1.4018.