Currency Markets

WINNIPEG – The Canadian dollar made a slight gain on Wednesday after the Bank of Canada (BoC) announced its latest key interest rate decision on Wednesday. The loonie closed at US$0.7912 or US$1=C$1.2639, up from US$0.7906 or US$1=C$1.2648 on Tuesday. Canada’s central bank became more hawkish, announcing that its key lending rate will be raised […] Read more

WINNIPEG – The Canadian dollar opened the month of June on the rise hours before the Bank of Canada (BoC) announces its latest key lending rate decision. As of 8:40 a.m. CDT, the loonie was at US$0.7921 or US$1=C$1.2625, compared to US$0.7906 or US$1=C$1.2648 on Tuesday. Canada’s central bank is expected to announce on Wednesday […] Read more

WINNIPEG – For the first time since April 21, the Canadian dollar closed above 79 United States cents. The loonie closed at US$0.7906 or US$1=C$1.2648 on Tuesday, up from US$0.7898 or US$1=C$1.2662 on Monday. Statistics Canada reported on Monday that the country’s economy grew by 3.1 per cent in the first quarter, below expectations. The […] Read more

WINNIPEG – The Canadian dollar exceeded the 79 United States cent mark amid rising oil prices and the release of economic data from Statistics Canada. As of 9:12 a.m. CDT, the loonie was at US$0.7908 or US$1=C$1.2645, compared to US$0.7898 or US$1=C$1.2662 on Monday. Canada’s central data agency reported that the country’s economy expanded by […] Read more

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