Currency Markets

WINNIPEG – The Canadian continued to climb, reaching its highest close since April 21. The loonie closed at US$0.7898 or US$1=C$1.2662 on Monday, up from US$0.7851 or US$1=C$1.2738 on Friday. Canada’s current account surplus was C$5 billion in the first quarter of 2022, while the Bank of Canada is expected to raise its key lending […] Read more

WINNIPEG – The Canadian dollar opened the week on a high note ahead of a major decision by the Bank of Canada (BoC). As of 8:38 a.m. CDT, the loonie was at US$0.7892 or US$1=C$1.2671, compared to US$0.7851 or US$1=C$1.2738 on Friday. The BoC is widely expected to announce on Wednesday it will raise its […] Read more

WINNIPEG – The Canadian dollar ended the week on a high note. The loonie closed at US$0.7851 or US$1=C$1.2738, up from US$0.7817 or US$1=C$1.2792 on Thursday. The United States Dollar Index dipped 0.15 of a point to 101.68. U.S. consumer spending rose more than expected in April by 0.9 per cent, according to the U.S. […] Read more

WINNIPEG – The Canadian dollar is looking to end the week on a positive note. As of 8:39 a.m. CDT, the loonie was at US$0.7851 or US$1=C$1.2737, compared to US$0.7817 or US$1=C$1.2792 on Thursday. Statistics Canada reported on Thursday that the country’s number of job vacancies reached an all-time high of more than one million […] Read more

WINNIPEG – The Canadian dollar rebounded above the 78 United States cent mark on Thursday. The loonie closed at US$0.7817 or US$1=C$1.2792, up from US$0.7790 or US$1=C$1.2837 on Wednesday. Statistics Canada announced on Thursday that retail sales in Canada were virtually unchanged in March and estimated they would rise 0.8 per cent in April. Also, […] Read more

WINNIPEG – The Canadian dollar made a step upwards to start Thursday. As of 8:37 a.m. CDT, the loonie was at US$0.7801 or US$1=C$1.2819, compared to US$0.7790 or US$1=C$1.2837 on Wednesday. Both TD Bank and RBC exceeded second quarter profit expectations, but CIBC’s profits were lower than last year, according to earnings reports released this […] Read more

WINNIPEG – The Canadian dollar dipped slightly to end the day on Wednesday. The loonie closed at US$0.7790 or US$1=C$1.2837, down from US$0.7797 or US$1=C$1.2826 on Tuesday. The United States Dollar Index jumped 0.30 of a point at 102.16. Officials at the Federal Reserve, in its policy meeting earlier this month, said in its minutes […] Read more

WINNIPEG – The Canadian dollar stepped back further from the 78 United States cent mark on Wednesday. As of 8:35 a.m. CDT, the loonie was at US$0.7787 or US$1=C$1.2842, compared to US$0.7797 or US$1=C$1.2826 on Tuesday. The U.S. Dollar Index gained 0.45 of a point to 102.31 as policy meeting minutes from the U.S. Federal […] Read more

WINNIPEG – The Canadian dollar remained on the negative side of 78 United States cents on Tuesday. The loonie closed at US$0.7797 or US$1=C$1.2826, up a pinch from US$0.7795 or US$1=C$1.2829 on Friday. The Bank of Canada (BoC) did not post a closing exchange rate on Monday due to the Victoria Day holiday. The U.S. […] Read more

WINNIPEG – The Canadian dollar found its way back to the positive side of 78 United States cents on Tuesday. As of 8:30 a.m. CDT, the loonie was at US$0.7813 or US$1=C$1.2799, compared to US$0.7795 or US$1=C$1.2829 on Friday. The Bank of Canada (BoC) did not report the exchange rate on Monday due to the […] Read more