Currency Markets

WINNIPEG – The Canadian dollar continued its downturn on Monday as worries over the Omicron COVID-19 variant took a hold onto the markets. The loonie was at US$0.7727 or US$1=C$1.2942 on Monday, down from Friday’s close of US$0.7785 or US$1=C$1.2846. The Quebec government announced today it was closing schools, bars, gyms and movie theatres in […] Read more

WINNIPEG – The Canadian dollar retreated on Monday as the Omicron COVID-19 variant takes hold. As of 9:06 a.m. CST, the loonie was at US$0.7728 or US$1=C$1.2940, compared to Friday’s close of US$0.7785 or US$1=C$1.2846. The United States Dollar Index slipped back 0.17 of a point to 96.39. On Sunday, the proposed US$2 trillion tax-and-spend […] Read more

WINNIPEG – The Canadian dollar closed the week on a down note as the United States greenback strengthens, the Omicron COVID-19 variant continues to spread and oil prices slide. The loonie was at US$0.7785 or US$1=C$1.2846 on Friday, down from Thursday’s close of US$0.7824 or US$1=C$1.2782. The United States Dollar Index surged 0.60 of a […] Read more

WINNIPEG – The Canadian dollar slipped back on Friday as fears of both the Omicron COVID-19 variant and new hawkish monetary policy takes hold on the markets. As of 8:35 a.m. CST, the loonie was at US$0.7794 or US$1=C$1.2830, compared to Thursday’s close of US$0.7824 or US$1=C$1.2782. The United States Dollar Index increased 0.12 of […] Read more

WINNIPEG – The Canadian dollar jumped Thursday on the strength of rising oil prices and the speculation of central banks raising key interest rates. The loonie was at US$0.7824 or US$1=C$1.2782 on Thursday, down from Wednesday’s close of US$0.7756 or US$1=C$1.2893. The United States Dollar Index declined 0.53 of a point to 95.98. The U.S. […] Read more

WINNIPEG– After its lowest close in nearly a year, the Canadian dollar made a jump on Thursday morning as oil prices rise and the U.S. dollar loses ground. As of 8:40 a.m. CST, the loonie was at US$0.7819 or US$1=C$1.2789, compared to Wednesday’s close of US$0.7756 or US$1=C$1.2893. The United States Dollar Index fell 0.56 […] Read more

WINNIPEG – The Canadian dollar fell to its lowest level in nearly a year on Wednesday after economic news on both sides of the Canada/United States border. The loonie was at US$0.7756 or US$1=C$1.2893 on Wednesday, down from Tuesday’s close of US$0.7785 or US$1=C$1.2845. Statistics Canada reported on Wednesday that the country’s inflation rate stayed […] Read more

WINNIPEG – The Canadian dollar remains in a downturn on Wednesday morning after the release of economic news over the past 24 hours. As of 8:39 a.m. CST, the loonie was at US$0.7755 or US$1=C$1.2895, compared to Tuesday’s close of US$0.7785 or US$1=C$1.2845. Canadian finance minister Chrystia Freeland delivered a fiscal update on Tuesday which […] Read more

WINNIPEG – The Canadian dollar continued its downward slide on Tuesday while the Canadian government updated the public on its fiscal situation. The loonie was at US$0.7785 or US$1=C$1.2845 on Tuesday, down from Monday’s close of US$0.7818 or US$1=C$1.2791. Finance Minister Chrystia Freeland delivered the government’s fiscal update virtually on Tuesday, announcing that the deficit […] Read more

WINNIPEG – The Canadian dollar weakened again on Tuesday morning as pressure was felt on crude oil and the federal government prepares a fiscal update for later today. As of 8:41 a.m. CST, the loonie was at US$0.7793 or US$1=C$1.2832, compared to Monday’s close of US$0.7818 or US$1=C$1.2791. Canadian finance minister Chrystia Freeland will release […] Read more