Currency Markets

WINNIPEG – The Canadian dollar eased off a little bit at Wednesday’s close. The loonie closed at US$0.7765 or US$1=C$1.2878, down from US$0.7774 or US$1=C$1.2864 on Tuesday. The United States Dollar Index gained 0.60 of a point to 105.11. After days of rallies, crude oil reversed course on Wednesday as signs indicated slowing gasoline demand. […] Read more

WINNIPEG – The Canadian dollar took a small step back on Wednesday. As of 8:45 a.m. CDT, the loonie was at US$0.7756 or US$1=C$1.2893, compared to US$0.7774 or US$1=C$1.2864 on Tuesday. The United States Dollar Index was up 0.30 of a point at 104.80. The Conference Board announced on Tuesday its U.S. consumer confidence index […] Read more

WINNIPEG – The Canadian dollar and crude oil prices were slowly climbing up on Tuesday. The loonie reached another two-week high, closing at US$0.7774 or US$1=C$1.2864, up from US$0.7760 or US$1=C$1.2887 on Monday. The United States Dollar Index gained 0.55 of a point to 104.49 on Tuesday. Crude oil prices were still rising on Tuesday […] Read more

WINNIPEG – The Canadian dollar is getting closer to the 78 United States cent mark. As of 8:47 a.m. CDT, the loonie was at US$0.7786 or US$1=C$1.2844 on Tuesday, compared to US$0.7760 or US$1=C$1.2887 on Monday. The U.S. Dollar Index was up 0.43 of a point at 104.37. Crude oil prices continue to be higher […] Read more

WINNIPEG – The Canadian dollar continued to rally on Monday, along with crude oil prices. The loonie closed at its highest level in two weeks, US$0.7760 or US$1=C$1.2887, up from US$0.7732 or US$1=C$1.2933 on Friday. The United States Dollar Index lost 0.22 of a point to 103.96 on Monday. Crude oil prices jumped on Monday […] Read more

WINNIPEG– The Canadian dollar is starting the week on the positive side. As of 8:53 a.m. CDT, the loonie was at US$0.7745 or US$1=C$1.2912 on Monday, compared to US$0.7732 or US$1=C$1.2933 on Friday. The United States Dollar Index was down 0.24 of a point at 103.94. The International Monetary Fund (IMF) downgraded the economic growth […] Read more

WINNIPEG – The Canadian dollar rallied on Friday, along with crude oil prices and stock markets. The loonie closed at US$0.7732 or US$1=C$1.2933, up from US$0.7703 or US$1=C$1.2982 on Thursday. The United States Dollar Index lost 0.32 of a point to 104.11 on Friday. Crude oil prices rebounded on Friday. Brent crude oil gained US$3.06 […] Read more

WINNIPEG – The Canadian dollar is looking to close the week on a high note. As of 8:38 a.m. CDT, the loonie was at US$0.7716 or US$1=C$1.2960 on Friday, compared to US$0.7703 or US$1=C$1.2982 on Thursday. The United States Dollar Index was down 0.14 of a point at 104.29. Crude oil prices are on track […] Read more

WINNIPEG – The Canadian dollar declined on Thursday as crude oil prices also dropped. The loonie closed at US$0.7703 or US$1=C$1.2982, down from US$0.7727 or US$1=C$1.2942 on Wednesday. The United States Dollar Index gained 0.19 of a point to 104.38 on Thursday. Crude oil prices were lower on Thursday after U.S. Energy Secretary Jennifer Granholm […] Read more

WINNIPEG – The Canadian dollar was a little bit lower on Thursday. As of 8:39 a.m. CDT, the loonie was at US$0.7717 or US$1=C$1.2958, compared to US$0.7727 or US$1=C$1.2942 on Wednesday. Statistics Canada reported on Wednesday that inflation rose in May to its highest level since 1983 at 7.7 per cent, exceeding economists’ average estimate […] Read more