Currency Markets

WINNIPEG – The Canadian dollar declined Friday, hours after a somewhat positive report from Statistics Canada (StatCan). The loonie closed at US$0.7345 or US$1=C$1.3615, down from US$0.7382 or US$1=C$1.3547 on Thursday. In a report released by StatCan, Canada’s economy grew by 0.1 per cent in August and preliminary data suggested another 0.1 per cent increase […] Read more

WINNIPEG – The Canadian dollar moved downwards on Friday morning after the release of a report from Statistics Canada (StatCan). As of 8:39 a.m. CDT, the loonie was at US$0.7348 or US$1=C$1.3609, compared to US$0.7382 or US$1=C$1.3547 on Thursday. Earlier today, StatCan reported that Canada’s economy grew by 0.1 per cent in August while preliminary […] Read more

WINNIPEG – The Canadian dollar continued its ongoing rally on Thursday. The loonie closed at US$0.7382 or US$1=C$1.3547, up from US$0.7372 or US$1=C$1.3565 on Wednesday. The United States Dollar Index was on the rebound, gaining 0.87 of a point at 110.57. Crude oil prices added on to gains made yesterday. Brent crude oil jumped US$1.04 […] Read more

WINNIPEG – The Canadian dollar moved slightly upward the day after an announcement from the Bank of Canada (BoC). As of 8:34 a.m. CDT, the loonie was at US$0.7380 or US$1=C$1.3550, compared to US$0.7372 or US$1=C$1.3565 on Wednesday. That day, BoC announced it raised its key interest rate by 50 basis points to 3.75 per […] Read more

WINNIPEG – The Canadian dollar climbed higher on Wednesday after a surprising announcement from the Bank of Canada (BoC). The loonie closed at US$0.7372 or US$1=C$1.3565, up from US$0.7332 or US$1=C$1.3638 on Tuesday. The BoC announced on Wednesday it raised the key interest rate by 50 basis points to 3.75 per cent in an effort […] Read more

WINNIPEG – The Canadian dollar continued to rally on Wednesday, hours before an announcement from the Bank of Canada (BoC). As of 8:32 a.m. CDT, the loonie was at US$0.7371 or US$1=C$1.3567, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. Later today, the Bank of Canada will announce the next increase of its key interest rate, […] Read more

WINNIPEG – The Canadian dollar jumped on Tuesday ahead of tomorrow’s interest rate announcement from the Bank of Canada (BoC). The loonie closed at US$0.7332 or US$1=C$1.3638, up from US$0.7288 or US$1=C$1.3722 on Monday. The BoC will announce on Wednesday it will raise its policy rate, with many economists expecting a 75 basis point increase. […] Read more

WINNIPEG – The Canadian dollar was showing strength on Tuesday morning, crossing the 73 United States cent mark. As of 8:37 a.m. CDT, the loonie was at US$0.7322 or US$1=C$1.3657, compared to US$0.7288 or US$1=C$1.3722 on Monday. On Wednesday, the Bank of Canada will announce its next increase of its key interest rate. The United […] Read more

WINNIPEG – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7288 or US$1=C$1.3722, down from US$0.7292 or US$1=C$1.3713 on Friday. The United States Dollar Index shed 0.01 of a point at 111.00. Crude oil prices were also lower. Brent crude oil declined US$0.10 per barrel to US$93.40. West Texas […] Read more

WINNIPEG – The Canadian dollar was slightly lower on Monday morning. As of 8:33 a.m. CDT, the loonie was at US$0.7289 or US$1=C$1.3719, compared to US$0.7292 or US$1=C$1.3714 on Friday. On Wednesday, the Bank of Canada will announce its next raise of the key interest rate. The United States Dollar Index jumped 0.33 of a […] Read more