Currency Markets

Reading Time: < 1 minute WINNIPEG – The Canadian dollar gained on Wednesday after a long-awaited announcement from the Bank of Canada (BoC). The loonie was at US$0.7894 or US$1=C$1.2668 on Wednesday, up from Tuesday’s close of US$0.7869 or US$1=C$1.2708. Canada’s central bank announced on Wednesday it will raise the key interest rate to 0.5 per cent. The rate had […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was slightly higher on Wednesday just minutes before a key interest rate announcement from the Bank of Canada (BoC). As of 8:39 a.m. CST, the loonie was at US$0.7877 or US$1=C$1.2695, compared to US$0.7869 or US$1=C$1.2708 on Tuesday. The BoC is expected to announce its first interest rate hike in […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar slipped on Tuesday after the release of a positive economic report from Statistics Canada while war raged on in Ukraine. The loonie was at US$0.7869 or US$1=C$1.2708 on Tuesday, up from Monday’s close of US$0.7875 or US$1=C$1.2698. Canada’s central data agency announced that the gross domestic product increased by 4.6 […] Read more

Reading Time: < 1 minute WINNIPEG – Despite the conflict in Ukraine, the Canadian dollar was higher on Tuesday after the release of welcome economic news. As of 8:39 a.m. CST, the loonie was at US$0.7899 or US$1=C$1.2660, compared to US$0.7875 or US$1=C$1.2698 on Monday. Statistics Canada announced on Tuesday that the country’s gross domestic product (GDP) grew 4.6 per […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar made gains on Monday while Russia’s invasion of Ukraine continues to shock the markets. The loonie was at US$0.7875 or US$1=C$1.2698 on Monday, up from Friday’s close of US$0.7845 or US$1=C$1.2747. The U.S. Dollar Index was up 0.12 of a point to 96.74. Meanwhile, the ruble reached record lows after […] Read more

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was higher on Monday as fighting rages on in Ukraine despite the start of talks between the country and Russia. As of 8:38 a.m. CST, the loonie was at US$0.7863 or US$1=C$1.2718, compared to US$0.7845 or US$1=C$1.2747 on Friday. The United States Dollar Index was up 0.22 of a point […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar advanced well above 78 U.S. cents on Friday, as the United States dollar pulled back. The loonie closed at US$0.7845 or US$1=C$1.2747, compared to Thursday’s close of US$0.7793 or US$1=C$1.2832. On the U.S. Dollar Index, the greenback gave up 0.573 of a […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was stronger Friday morning, taking back some of Thursday’s losses as global financial markets continued to react to the developing situation in Ukraine. At 8:42 a.m. CST Friday morning the Canadian dollar was at US$0.7824 or US$1=C$1.2781, which compares with Thursday’s close of US$0.7793 or […] Read more

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar dropped to a two-month low on Thursday, following Russia’s invasion of Ukraine, which gave rise to the United States dollar. The loonie closed at US$0.7793 or US$1=C$1.2832, compared to Wednesday’s close of US$0.7863 or US$1=C$1.2718. Canadian Prime Minister Justin Trudeau announced economic […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as the Russian invasion of Ukraine led to large moves in the global financial markets. At 9:06 a.m. CST Thursday morning the Canadian dollar was at US$0.7793 or US$1=C$1.2832, which compares with Wednesday’s close of US$0.7863 or US$1=C$1.2718. Investors were backing […] Read more