Currency Markets

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped on Thursday as the federal government tabled its budget in the House of Commons. The loonie closed at US$0.7947 or US$1=C$1.2584, down from Wednesday’s close of US$0.7994 or US$1=C$1.2509. The federal budget, which will reportedly include a surtax on financial institutions that made huge profits during the COVID-19 pandemic […] Read more

Reading Time: < 1 minute WINNIPEG – Hours ahead of the federal government unveiling its latest budget in the House of Commons, the Canadian dollar fell further on Thursday. As of 8:39 a.m. CDT, the loonie was at US$0.7954 or US$1=C$1.2572, compared to Wednesday’s closing value of US$0.7994 or US$1=C$1.2509. The budget reportedly will include a surtax on financial institutions […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar fell below the 80 United States cent mark after markets closed on Wednesday. The loonie closed at US$0.7994 or US$1=C$1.2509, down from Tuesday’s close of US$0.8031 or US$1=C$1.2451. The federal government will table its budget on Thursday, which will reportedly include a surtax on financial institutions that made huge profits […] Read more

Reading Time: < 1 minute WINNIPEG – After a jump on Tuesday, the Canadian dollar took a sharp downturn early Wednesday. As of 8:39 a.m. CDT, the loonie was at US$0.8005 or US$1=C$1.2492, compared to Tuesday’s closing value of US$0.8031 or US$1=C$1.2451. The federal government will table its budget in the House of Commons on Thursday, which reportedly will include […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar jumped on Tuesday, while crude oil prices were in a downturn. The loonie closed at US$0.8031 or US$1=C$1.2451, up from Monday’s close of US$0.8006 or US$1=C$1.2490. The United States Dollar Index was up 0.49 of a point at 99.49, its highest point since May 2020. Crude oil prices dropped on […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar had a sharp morning rise on Tuesday. As of 8:36 a.m. CDT, the loonie was at US$0.8060 or US$1=C$1.2407, compared to Monday’s closing value of US$0.8006 or US$1=C$1.2490. The United States Dollar Index lost 0.04 of a point at 98.96. Benchmark crude oil prices continued to rise, but not as […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar regained Friday’s losses and then some on Monday, rising above the 80 United States cent mark. The loonie closed at US$0.8006 or US$1=C$1.2490, up from Friday’s close of US$0.7992 or US$1=C$1.2512. The U.S. Dollar Index was up 0.38 of a point at 99.02. Crude oil prices rallied on Monday as […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar started the week above the 80 United States cent mark on Monday. As of 8:36 a.m. CDT, the loonie was at US$0.8011 or US$1=C$1.2483, compared to Friday’s closing value of US$0.7992 or US$1=C$1.2512. The U.S. Dollar Index gained 0.29 of a point at 98.93. Benchmark crude oil prices were rising […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dropped below the 80 United States cent mark on Friday with crude oil pulling back again to incur its biggest weekly loss in years. The loonie closed at US$0.7992 or US$1=C$1.2512, down from Thursday’s close of US$0.8003 or US$1=C$1.2496. The U.S. Dollar Index was up 0.24 of a point at […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar held steady on Friday to start the month of April. As of 8:38 a.m. CDT, the loonie was at US$0.8003 or US$1=C$1.2496, same as its closing value on Thursday. Canada’s federal carbon price increases to C$50 per tonne on Friday, increasing gas prices by 2.2 cents per litre. The United […] Read more