Currency Markets

WINNIPEG – The Canadian dollar was slightly higher on Thursday due to a weakening United States dollar after news of slowed economic growth. The loonie was at US$0.8098 or US$1=C$1.2349 on Thursday, up slightly from Wednesday’s price of US$0.8092 or US$1=C$1.2358. The U.S. Commerce Department reported on Thursday that the country’s gross domestic product increased […] Read more

WINNIPEG – The Canadian dollar held mostly steady Thursday morning. As of 8:34 a.m. CDT, the loonie was at US$0.8094 or US$1=C$1.2355, compared to Wednesday’s close of US$0.8092 or US$1=C$1.2358. Benchmark crude oil prices were mostly lower early Thursday. Brent crude oil dropped US$0.70 per barrel to US$83.88. West Texas Intermediate (WTI) slipped back US$0.50 […] Read more

WINNIPEG – The Canadian dollar was lifted on Wednesday after the Bank of Canada (BoC) announced it was ending its pandemic bond-buying stimulus program. The loonie was at US$0.8092 or US$1=C$1.2358 on Wednesday, up slightly from Tuesday’s price of US$0.8080 or US$1=C$1.2376. The BoC also announced it plans to raise key interest rates by April […] Read more

WINNIPEG – The Canadian dollar was down on Wednesday after crude oil prices declined, hours before the Bank of Canada (BoC) makes a key interest rate announcement. As of 8:33 a.m. CDT, the loonie was at US$0.8047 or US$1=C$1.2427, compared to Tuesday’s close of US$0.8080 or US$1=C$1.2376. Benchmark crude oil prices retreated after the American […] Read more

WINNIPEG – The Canadian dollar held mostly steady on Tuesday ahead of the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8080 or US$1=C$1.2376 on Tuesday, up slightly from Monday’s price of US$0.8078 or US$1=C$1.2379. The BoC is expected to raise its inflation forecast and end stimulus from its bond-buying […] Read more

WINNIPEG – The Canadian dollar was up on Tuesday, but held below the 81-cent United States mark despite rising crude oil prices. As of 8:36 a.m. CDT, the loonie was at US$0.8086 or US$1=C$1.2367, compared to Monday’s close of US$0.8078 or US$1=C$1.2379. The Bank of Canada will make a key interest rate announcement on Wednesday. […] Read more

WINNIPEG – The Canadian dollar slipped back on Monday due to softening crude oil prices and speculation regarding the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8078 or US$1=C$1.2379 on Monday, down from Friday’s price of US$0.8093 or US$1=C$1.2357. The BoC is expected to raise its inflation forecast and […] Read more

WINNIPEG – The Canadian dollar held below the 81-cent United States mark despite rising crude oil prices. As of 8:32 a.m. CDT, the loonie was at US$0.8084 or US$1=C$1.2370, compared to Friday’s close of US$0.8093 or US$1=C$1.2357. Benchmark crude oil prices rallied to start the week as Brent crude oil gained US$0.91 per barrel to […] Read more

By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, posting only small losses as the currency traded near its highest levels in four months. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Friday, which compares with Thursday’s North American close of US$0.8097 or US$1=C$1.2351. Positioning ahead of the […] Read more

WINNIPEG – The Canadian dollar moved its way back above the 81-cent United States mark on Friday despite news of fewer retail sales in September. As of 8:33 a.m. CDT, the loonie was at US$0.8109 or US$1=C$1.2332, compared to Thursday’s close of US$0.8097 or US$1=C$1.2351. Statistics Canada reported today receipts fell 1.9 per cent in […] Read more