Currency Markets

WINNIPEG – The Canadian dollar ended the week on a low note on Friday in sympathy with falling crude oil prices. The loonie was at US$0.7912 or US$1=C$1.2639 on Friday, down from Thursday’s close of US$0.7927 or US$1=C$1.2615. The weakness in the currency came despite solid domestic data, as Statistics Canada reported on Friday retail […] Read more

WINNIPEG – The Canadian dollar was unchanged on Friday morning. As of 8:34 a.m. CST, the loonie was at US$0.7927 or US$1=C$1.2615, the same as Thursday’s close. The United States Dollar Index advanced 0.28 of a point to 95.82. On Friday morning, the U.S. House of Representatives voted on a US$1.7 trillion social spending and […] Read more

WINNIPEG – The Canadian dollar continued its slide on Thursday. The loonie was at US$0.7927 or US$1=C$1.2615 on Thursday, down from Wednesday’s close of US$0.7940 or US$1=C$1.2595. Although the United States Dollar Index dipped 0.30 of a point to 95.53, it remained strong against the loonie. Benchmark crude oil prices rebounded on Thursday. Brent crude […] Read more

WINNIPEG – The Canadian dollar continued to decline on Thursday morning. As of 8:31 a.m. CST, the loonie was at US$0.7925 or US$1=C$1.2615, compared to Wednesday’s close of US$0.7940 or US$1=C$1.2595. On Wednesday, Statistics Canada announced that Canada’s inflation rate grew to 4.7 per cent in October, its highest level since February 2003. The U.S. […] Read more

WINNIPEG – The Canadian dollar fell further back on Wednesday after a drop in oil prices and the release of inflation data from Statistics Canada. The loonie was at US$0.7940 or US$1=C$1.2595 on Wednesday, down from Tuesday’s close of US$0.7968 or US$1=C$1.2550. The data agency announced on Wednesday that Canada’s annual inflation rate accelerated to […] Read more

WINNIPEG – The Canadian dollar declined on Wednesday morning after Statistics Canada released new inflation data earlier in the day. As of 8:34 a.m. CST, the loonie was at US$0.7948 or US$1=C$1.2582, compared to Tuesday’s close of US$0.7968 or US$1=C$1.2550. The data agency announced that Canada’s inflation rate grew to 4.7 per cent in October, […] Read more

WINNIPEG – The Canadian dollar stayed away from 80 United States cents on Tuesday, one day before the release of new inflation data from Statistics Canada. The loonie was at US$0.7968 or US$1=C$1.2550 on Tuesday, down from Monday’s close of US$0.7989 or US$1=C$1.2517. Bank of Canada Deputy Governor Lawrence Schembri said the central bank expects […] Read more

WINNIPEG – The Canadian dollar faced resistance to 80 cents United States on Tuesday morning. As of 8:33 a.m. CST, the loonie was at US$0.7972 or US$1=C$1.2544, compared to Monday’s close of US$0.7989 or US$1=C$1.2517. The U.S. Dollar Index jumped 0.41 of a point to 95.81. The U.S. Commerce Department announced on Tuesday overall retail […] Read more

WINNIPEG – The Canadian dollar inched its way closer to 80 cents United States on Monday. Due to a number of currencies losing ground, the loonie was at US$0.7989 or US$1=C$1.2517 on Monday, up from Friday’s close of US$0.7959 or US$1=C$1.2565. In an opinion piece in the Financial Times, Bank of Canada Governor Tiff Macklem […] Read more

WINNIPEG – The Canadian dollar has made its way closer to the 80-cent United States mark on Monday morning. As of 8:35 a.m. CST, the loonie was at US$0.7993 or US$1=C$1.2511, compared to Friday’s close of US$0.7959 or US$1=C$1.2565. The U.S. Dollar Index was down 0.03 of a point to 95.10. President Joe Biden will […] Read more