Canadian Financial Close: Loonie falls to year-long low

WINNIPEG – The Canadian dollar sank to its lowest closing exchange rate since last October on Friday. The loonie closed at US$0.7217 or US$1=C$1.3857, compared to US$0.7233 or US$1=C$1.3825 on Thursday. The United States Dollar Index was down 0.05 of a point at 106.55. Crude oil prices surged on Friday after the U.S. conducted air



Canadian Financial Close: Loonie, crude oil retreat

WINNIPEG – The Canadian dollar was in decline once again on Thursday. The loonie closed at US$0.7233 or US$1=C$1.3825, compared to US$0.7256 or US$1=C$1.3782 on Wednesday. That day, the Bank of Canada (BoC) left its key interest rate unchanged at five per cent, while raising the possibility of future rate hikes. The United States Dollar




Canadian Dollar and Business Outlook: BoC to make announcement

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.


Canadian Financial Close: Loonie, crude oil drop

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