Currency Markets

WINNIPEG – A newly identified COVID-19 variant of concern by the World Health Organization (WHO) has brought down both the loonie and world markets. The loonie fell to its lowest level since Sept. 21, closing at US$0.7830 or US$1=C$1.2771 on Friday, down from Thursday’s close of US$0.7903 or US$1=C$1.2654. The WHO announced today that the […] Read more

WINNIPEG – The Canadian dollar took a downturn on Friday morning amid concerns regarding a potentially dangerous new COVID-19 variant. As of 8:33 a.m. CST, the loonie was at US$0.7829 or US$1=C$1.2773, compared to Thursday’s close of US$0.7903 or US$1=C$1.2654. The United Kingdom has banned flights from South Africa and other southern African nations after […] Read more

WINNIPEG – The Canadian dollar made more gains on Thursday after the release of encouraging employment data from Statistics Canada. The loonie was at US$0.7903 or US$1=C$1.2654 on Thursday, up from Wednesday’s close of US$0.7888 or US$1=C$1.2677. Statistics Canada announced on Thursday that Canadian payroll employment rose by 91,100 jobs in September, the fourth straight […] Read more

WINNIPEG – The Canadian dollar moved slightly upward on Thursday morning. As of 8:33 a.m. CST, the loonie was at US$0.7895 or US$1=C$1.2667, compared to Wednesday’s close of US$0.7888 or US$1=C$1.2677. The United States Dollar Index declined 0.13 of a point to 96.75. Most U.S. markets are closed due to the Thanksgiving holiday. Benchmark crude […] Read more

WINNIPEG – The Canadian dollar gained for the first time in nine days on Wednesday. The loonie was at US$0.7888 or US$1=C$1.2677 on Wednesday, up from Tuesday’s close of US$0.7870 or US$1=C$1.2707. The United States Dollar Index increased 0.34 of a point to 96.83. Benchmark crude oil prices slipped on Wednesday. Brent crude oil declined […] Read more

WINNIPEG – The Canadian dollar made a slight gain on Wednesday morning. As of 8:36 a.m. CST, the loonie was at US$0.7880 or US$1=C$1.2690, compared to Tuesday’s close of US$0.7870 or US$1=C$1.2707. The United States Dollar Index advanced 0.38 of a point to 96.87. The U.S. Commerce Department announced on Wednesday the country’s economy expanded […] Read more

WINNIPEG – The Canadian dollar dipped slightly at Tuesday’s close. The loonie was at US$0.7870 or US$1=C$1.2707 on Tuesday, down from Monday’s close of US$0.7886 or US$1=C$1.2680. The United States Dollar Index declined 0.07 of a point to 96.48. Benchmark crude oil prices were stronger on Tuesday despite U.S. President Joe Biden announcing that the […] Read more

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as broad strength in the United States dollar internationally weighed on the currency. At 8:58 a.m. CST Tuesday morning, the Canadian dollar was at US$0.7866 or US$1=C$1.2713 which compares with Monday’s close of US$0.7886 or US$1=C$1.2680. Flash estimates from Statistics Canada […] Read more

WINNIPEG – The Canadian dollar fell below 79 United States cents on Monday. The loonie was at US$0.7886 or US$1=C$1.2680 on Monday, down from Friday’s close of US$0.7912 or US$1=C$1.2639. The U.S. dollar continued to strengthen as the U.S. Dollar Index went up 0.49 of a point to 96.52. On Monday morning, reports surfaced that […] Read more

WINNIPEG – The Canadian dollar dropped below 79 cents United States on Monday morning. As of 8:40 a.m. CST, the loonie was at US$0.7889 or US$1=C$1.2676, compared to Friday’s close of US$0.7912 or US$1=C$1.2639. The United States Dollar Index advanced 0.38 of a point to 96.41, its highest level since July 2020. On Monday morning, […] Read more