Currency Markets

Reading Time: < 1 minute WINNIPEG – The Canadian dollar climbed higher on Wednesday after a surprising announcement from the Bank of Canada (BoC). The loonie closed at US$0.7372 or US$1=C$1.3565, up from US$0.7332 or US$1=C$1.3638 on Tuesday. The BoC announced on Wednesday it raised the key interest rate by 50 basis points to 3.75 per cent in an effort […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar continued to rally on Wednesday, hours before an announcement from the Bank of Canada (BoC). As of 8:32 a.m. CDT, the loonie was at US$0.7371 or US$1=C$1.3567, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. Later today, the Bank of Canada will announce the next increase of its key interest rate, […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar jumped on Tuesday ahead of tomorrow’s interest rate announcement from the Bank of Canada (BoC). The loonie closed at US$0.7332 or US$1=C$1.3638, up from US$0.7288 or US$1=C$1.3722 on Monday. The BoC will announce on Wednesday it will raise its policy rate, with many economists expecting a 75 basis point increase. […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was showing strength on Tuesday morning, crossing the 73 United States cent mark. As of 8:37 a.m. CDT, the loonie was at US$0.7322 or US$1=C$1.3657, compared to US$0.7288 or US$1=C$1.3722 on Monday. On Wednesday, the Bank of Canada will announce its next increase of its key interest rate. The United […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar took a small step back on Monday. The loonie closed at US$0.7288 or US$1=C$1.3722, down from US$0.7292 or US$1=C$1.3713 on Friday. The United States Dollar Index shed 0.01 of a point at 111.00. Crude oil prices were also lower. Brent crude oil declined US$0.10 per barrel to US$93.40. West Texas […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was slightly lower on Monday morning. As of 8:33 a.m. CDT, the loonie was at US$0.7289 or US$1=C$1.3719, compared to US$0.7292 or US$1=C$1.3714 on Friday. On Wednesday, the Bank of Canada will announce its next raise of the key interest rate. The United States Dollar Index jumped 0.33 of a […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar made a small gain on Friday to end the week, despite a negative report from Statistics Canada. The loonie closed at US$0.7292 or US$1=C$1.3713, up from US$0.7284 or US$1=C$1.3729 on Thursday. Canada’s central data agency reported that preliminary data showed Canadian retail sales dropped 0.5 per cent in September compared […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, with rising bond yields in the United States and expectations for continued rate hikes from the U.S. Federal Reserve supportive for the U.S. dollar at the expense of the loonie and other international currencies. At 8:55 a.m. CDT Friday morning […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar moved upwards toward the 73 United States cent mark on Thursday. The loonie closed at US$0.7284 or US$1=C$1.3729, up from US$0.7257 or US$1=C$1.3779 on Wednesday. The United States Dollar Index was down 0.09 of a point at 112.89. Crude oil prices made slight gains due to speculation China may ease […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar declined for the second straight day on Wednesday after the release of economic news from Statistics Canada (StatCan). The loonie closed at US$0.7257 or US$1=C$1.3779, down from US$0.7270 or US$1=C$1.3756 on Tuesday. Canada’s central data agency reported on Wednesday that the consumer price index rose 6.9 per cent in September, […] Read more