Currency Markets

WINNIPEG – The Canadian dollar was down on Tuesday while crude oil continued to rise. The loonie was at US$0.7772 or US$1=C$1.2867 on Tuesday, down from Monday’s close of US$0.7829 or US$1=C$1.2773. The United States Dollar Index declined 0.23 of a point to 99.07. As the conflict between Russia and Ukraine rages on, both the […] Read more

WINNIPEG – Despite its reputation as a petrocurrency, the Canadian dollar continues to move in the opposite direction of crude oil. As of 8:40 a.m. CST, the loonie was at US$0.7790 or US$1=C$1.2837, compared to US$0.7829 or US$1=C$1.2773 on Monday. The United States Dollar Index lost 0.27 of a point at 99.02. A ban on […] Read more

WINNIPEG – The Canadian dollar slipped on Monday while crude oil prices reached levels unseen since 2008. The loonie was at US$0.7829 or US$1=C$1.2773 on Monday, down from Friday’s close of US$0.7843 or US$1=C$1.2750. The United States Dollar Index jumped 0.55 of a point to 99.19, the highest level since May 2020. Crude oil prices […] Read more

WINNIPEG – The Canadian dollar remains steady as oil prices continue to rise with the fighting in Ukraine. As of 8:35 a.m. CST, the loonie was at US$0.7845 or US$1=C$1.2747, compared to US$0.7843 or US$1=C$1.2750 on Friday. After nearly hitting the 100 point mark earlier in the day, the United States Dollar Index is at […] Read more

WINNIPEG – The Canadian dollar ended the week at a loss while oil prices resumed their rallies. The loonie was at US$0.7843 or US$1=C$1.2750 on Friday, down from Thursday’s close of US$0.7896 or US$1=C$1.2664. The United States Dollar Index was jumped 0.74 of a point to 98.52, the highest level since May 2020. The U.S. […] Read more

WINNIPEG – The Canadian dollar has dropped while oil prices resume their rallies over fears that the conflict in Ukraine has intensified. As of 8:35 a.m. CST, the loonie was at US$0.7820 or US$1=C$1.2788, compared to US$0.7896 or US$1=C$1.2664 on Thursday. The United States Dollar Index sharply rose, adding 1.03 points to 98.82, one of […] Read more

WINNIPEG – The Canadian dollar was steady on Thursday as the crude oil markets finally broke from rallies brought on by Russia’s invasion of Ukraine. The loonie was at US$0.7896 or US$1=C$1.2664 on Thursday, up from Wednesday’s close of US$0.7894 or US$1=C$1.2668. The U.S. Dollar Index was up 0.35 of a point to 97.74. After […] Read more

WINNIPEG – The Canadian dollar has moved up on Thursday even as oil prices finally broke from their rallies. As of 8:40 a.m. CST, the loonie was at US$0.7914 or US$1=C$1.2636, compared to US$0.7894 or US$1=C$1.2668 on Wednesday. Yesterday, the Bank of Canada announced its first key interest rate hike in two years to 0.5 […] Read more

WINNIPEG – The Canadian dollar gained on Wednesday after a long-awaited announcement from the Bank of Canada (BoC). The loonie was at US$0.7894 or US$1=C$1.2668 on Wednesday, up from Tuesday’s close of US$0.7869 or US$1=C$1.2708. Canada’s central bank announced on Wednesday it will raise the key interest rate to 0.5 per cent. The rate had […] Read more

WINNIPEG – The Canadian dollar was slightly higher on Wednesday just minutes before a key interest rate announcement from the Bank of Canada (BoC). As of 8:39 a.m. CST, the loonie was at US$0.7877 or US$1=C$1.2695, compared to US$0.7869 or US$1=C$1.2708 on Tuesday. The BoC is expected to announce its first interest rate hike in […] Read more