Currency Markets

WINNIPEG – The Canadian dollar inched downward on Thursday amid a major retreat on the stock markets. The loonie closed at US$0.7799 or US$1=C$1.2822, down from US$0.7806 or US$1=C$1.2810 on Wednesday. The United States Dollar Index rebounded from Wednesday’s drop, gaining 0.91 of a point at 103.50. Crude oil prices were higher over supply concerns […] Read more

WINNIPEG – The Canadian dollar continued to rise on Thursday. As of 8:46 a.m. CDT, the loonie was at US$0.7835 or US$1=C$1.2763, compared to US$0.7806 or US$1=C$1.2810 on Wednesday. The United States Dollar Index advanced 0.74 of a point at 103.33. On Wednesday, the U.S. Federal Reserve raised its key interest rate by 50 basis […] Read more

WINNIPEG – Higher crude oil prices and good trade news helped raise the Canadian dollar on Wednesday. The loonie closed at US$0.7806 or US$1=C$1.2810, up from US$0.7784 or US$1=C$1.2847 on Tuesday. Statistics Canada announced today that the country posted a C$3.1 billion merchandise trade surplus in February, as well as a preliminary estimate of C$2.5 […] Read more

WINNIPEG – The Canadian dollar opened Wednesday on a higher note. As of 8:37 a.m. CDT, the loonie was at US$0.7794 or US$1=C$1.2830, compared to US$0.7784 or US$1=C$1.2847 on Tuesday. The United States Dollar Index retreated 0.24 of a point at 103.23. Later today, the U.S. Federal Reserve is expected to announce a major increase […] Read more

WINNIPEG – The Canadian dollar inched a little bit higher on Tuesday while crude oil prices declined once again. The loonie closed at US$0.7784 or US$1=C$1.2847, up from US$0.7755 or US$1=C$1.2895 on Monday. The United States Dollar Index dropped 0.29 of a point at 103.45. The U.S. Federal Reserve is expected to raise its key […] Read more

WINNIPEG – The Canadian dollar was slightly higher on Tuesday despite declines in crude oil. As of 8:38 a.m. CDT, the loonie was at US$0.7783 or US$1=C$1.2849, compared to US$0.7755 or US$1=C$1.2895 on Monday. The United States Dollar Index eased off, losing 0.60 of a point at 103.15. While Beijing tightened its COVID-19 lockdown, curbs […] Read more

WINNIPEG – The Canadian dollar fell below the 78 United States cent mark on Monday while crude oil prices inched higher. The loonie closed at US$0.7755 or US$1=C$1.2895, down from US$0.7817 or US$1=C$1.2792 on Friday. The U.S. Dollar Index gained 0.68 of a point at 103.63, maintaining a 20-year high level over the past week. […] Read more

WINNIPEG – The Canadian dollar declined on Monday as the United States dollar regained its strength. As of 8:40 a.m. CDT, the loonie was at US$0.7750 or US$1=C$1.2903, compared to US$0.7817 or US$1=C$1.2792 on Friday. The U.S. Dollar Index is once again approaching a new 20-year high, gaining 0.57 of a point at 103.53. The […] Read more

WINNIPEG – The Canadian dollar was higher on Friday on the strength of good economic news from Statistics Canada, while the stock markets shut the door on one of the worst months since the start of the COVID-19 pandemic. The loonie closed at US$0.7817 or US$1=C$1.2792, up from US$0.7795 or US$1=C$1.2828 on Thursday. The national […] Read more

WINNIPEG – The Canadian dollar jumped early Friday after the release of welcome economic news from Statistics Canada. As of 8:41 a.m. CDT, the loonie was at US$0.7854 or US$1=C$1.2732, compared to US$0.7795 or US$1=C$1.2829 on Thursday. The national data agency reported that Canada’s economy grew for the 10th straight month, increasing 0.5 per cent […] Read more