Currency Markets

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped on Wednesday after an announcement from the Bank of Canada (BoC) The loonie closed at US$0.7256 or US$1=C$1.3782, compared to US$0.7283 or US$1=C$1.3731 on Tuesday. The BoC left its key interest rate unchanged at five per cent, but also raised the possibility of future rate hikes. The United States […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar retreated on Wednesday ahead of an announcement from the Bank of Canada (BoC). The loonie was at US$0.7261 or US$1=C$1.3772 on Wednesday morning, lower than Tuesday’s close of US$0.7283 or US$1=C$1.3731. The BoC will announce its key interest rate decision later today, which is expected to leave the rate unchanged. […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped below 73 United States cents on Tuesday due to a stronger United States greenback and falling crude oil prices. The loonie closed at US$0.7283 or US$1=C$1.3731, compared to US$0.7303 or US$1=C$1.3693 on Monday. The Bank of Canada (BoC) will announce its latest key interest rate decision on Wednesday, which […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar once again fell below 73 United States cents on Tuesday. The loonie was at US$0.7288 or US$1=C$1.3721 on Tuesday morning, lower than Monday’s close of US$0.7303 or US$1=C$1.3693. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday, which is expected to leave the rate unchanged. […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was virtually unchanged on Monday, remaining above the 73 United States cent mark. The loonie closed at US$0.7303 or US$1=C$1.3693, compared to US$0.7302 or US$1=C$1.3695 on Friday. The U.S. Dollar Index was down 0.54 of a point at 105.62. Crude oil prices took a dip on Monday after the Red […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar stepped back below 73 United States cents to begin the week. The loonie was at US$0.7289 or US$1=C$1.3719 on Monday morning, lower than Friday’s close of US$0.7302 or US$1=C$1.3695. The U.S. Dollar Index was only down 0.02 of a point at 106.15. Crude oil prices were down as talks over […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was firmer on Friday, edging back above the 73 U.S. cent mark to end the week. The Canadian dollar settled at US$0.7302 or US$1=C$1.3695 on Friday, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian retail sales dipped by 0.1 per cent in […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was slightly firmer Friday morning, finding some underlying support from gains in crude oil. At 8:40 a.m. CDT Friday morning the Canadian dollar was trading at US$0.7310 or US$1=C$1.3680, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian retail sales dipped by 0.1 […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was weaker on Thursday, hitting a fresh two-week low relative to its United States counterpart despite continued strength in crude oil. The Canadian dollar settled at US$0.7291 or US$1=C$1.3715 on Thursday, which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685. There were 448,000 Canadians […] Read more

Reading Time: < 1 minute By MarketsFarm   WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as declines in crude oil weighed on the energy-linked currency. At 8:47 a.m. CDT Thursday morning the Canadian dollar was at US$0.7290 or US$1=C$1.3717, which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685. There were 448,000 Canadians receiving regular Employment […] Read more