Currency Markets

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was inching its way closer to 75 United States cents on Friday morning. The loonie was at US$0.7498 or US$1=C$1.3337, up from US$0.7491 or US$1=C$1.3349 at Thursday’s close. The U.S. Dollar Index was up 0.27 of a point at 102.11. Crude oil continued to rally as optimism over Chinese demand […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar closed at its highest level since late November on Thursday. The loonie closed at US$0.7491 or US$1=C$1.3349, up from US$0.7467 or US$1=C$1.3393 on Wednesday. Statistics Canada (StatCan) reported on Thursday that Canadian job vacancies fell 2.4 per cent in November, lowering the number of vacant jobs at approximately 850,000. The […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was on the rise Thursday morning. The loonie was at US$0.7501 or US$1=C$1.3332, up from US$0.7467 or US$1=C$1.3393 at Wednesday’s close. Yesterday, the Bank of Canada (BoC) raised its key interest rate by 25 basis points to 4.5 per cent, its highest level in 15 years. The United States Dollar […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar retreated on Wednesday as the Bank of Canada (BoC) announced its latest key interest rate hike. The loonie closed at US$0.7467 or US$1=C$1.3393, down from US$0.7479 or US$1=C$1.3370 on Tuesday. BoC increased its key interest rate by 25 basis points to 4.5 per cent, the eighth straight time the central […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was virtually unchanged on Wednesday morning. The loonie was at US$0.7481 or US$1=C$1.3367, up from US$0.7479 or US$1=C$1.3370 at Tuesday’s close. The Bank of Canada (BoC) is expected to raise its key interest rate later today. The United States Dollar Index was up 0.02 of a point at 101.92. Crude […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar made a slight gain on Tuesday. The loonie closed at US$0.7479 or US$1=C$1.3370, up from US$0.7473 or US$1=C$1.3382 on Monday. The Bank of Canada (BoC) is expected to raise its key interest rate on Wednesday. The United States Dollar Index lost 0.19 of a point at 101.95. Crude oil prices […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was virtually unchanged on Tuesday morning. The loonie was at US$0.7472 or US$1=C$1.3383, down from US$0.7473 or US$1=C$1.3382 at Monday’s close. The United States Dollar Index was up 0.01 of a point at 102.15. Crude oil was a little bit higher on Tuesday as traders assess demand from China. Brent […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar started the week on a positive note. The loonie closed at US$0.7473 or US$1=C$1.3382, up from US$0.7451 or US$1=C$1.3421 on Friday. The United States Dollar Index gained 0.04 of a point at 104.06. Crude oil prices were steady to higher on Monday, due to increasing Chinese demand and decreasing Russian […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was mainly steady to start the week. The loonie was at US$0.7458 or US$1=C$1.3408, up from US$0.7451 or US$1=C$1.3421 at Friday’s close. The United States Dollar Index was up 0.21 of a point at 102.23. Crude oil was higher on Monday as the U.S. greenback weakened against other currencies and […] Read more

Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar advanced by nearly three-tenths of a cent on Friday, propelled by higher crude oil prices and a slight step back in the United States dollar. The loonie closed at US$0.7451 or US$1=C$1.3421, compared to Thursday’s close of US$0.7423 or US$1=C$1.3472. On the U.S. Dollar […] Read more