Currency markets

WINNIPEG – The Canadian dollar took a step back to end the week. The loonie closed at US$0.7337 or US$1=C$1.3630, down from US$0.7363 or US$1=C$1.3582 on Thursday. The United States Dollar Index gained 0.20 of a point at 104.98. Crude oil prices were slightly higher on Friday, while the Keystone pipeline will attempt a partial

WINNIPEG – The Canadian dollar erased the previous day’s gains on Friday morning. The loonie was at US$0.7328 or US$1=C$1.3646, down from US$0.7363 or US$1=C$1.3582 at Thursday’s close. The United States Dollar Index gained 0.15 of a point at 104.92. Crude oil made slight gains on Friday after Russia said it may cut oil production

WINNIPEG – The Canadian dollar moved upward on Thursday. The loonie closed at US$0.7363 or US$1=C$1.3582, up from US$0.7331 or US$1=C$1.3640 on Wednesday. The United States Dollar Index declined 0.31 of a point at 104.80. After morning gains due to a leak and resulting shutdown of the Keystone oil pipeline, crude oil prices were lower

WINNIPEG – The Canadian dollar was rising on Thursday morning. The loonie was at US$0.7352 or US$1=C$1.3602, up from US$0.7331 or US$1=C$1.3640 at Wednesday’s close. The Bank of Canada (BoC) raised its key interest rate by 50 basis points to 4.25 per cent on Wednesday. The United States Dollar Index lost 0.10 of a point

WINNIPEG – The Canadian dollar made a small gain on Wednesday after an announcement from the Bank of Canada (BoC). The loonie closed at US$0.7331 or US$1=C$1.3640, up from US$0.7327 or US$1=C$1.3649 on Tuesday. The BoC announced on Wednesday it has raised its key interest rate by 50 basis points to 4.25 per cent, its

WINNIPEG – The Canadian dollar made a small gain on Wednesday morning before an announcement from the Bank of Canada (BoC). The loonie was at US$0.7332 or US$1=C$1.3639, up from US$0.7327 or US$1=C$1.3649 at Tuesday’s close. Later today, the BoC is expected to raise its key interest rate one final time before the New Year

WINNIPEG – The Canadian dollar fell to its lowest point since Nov. 3 on Tuesday. The loonie closed at US$0.7327 or US$1=C$1.3649, down from US$0.7390 or US$1=C$1.3532 on Monday. Statistics Canada reported on Tuesday that Canada’s trade surplus widened to C$1.2 billion in October, up from C$607 million from the previous month. Equifax Canada also

WINNIPEG – The Canadian dollar lost ground on Tuesday morning. As of 8:36 a.m. CST, the loonie was at US$0.7339 or US$1=C$1.3626, up from US$0.7390 or US$1=C$1.3532 at Monday’s close. On Wednesday, the Bank of Canada (BoC) is expected to raise its key interest rate one final time before the New Year in an effort

WINNIPEG – The Canadian dollar declined below the 74 United States cent mark to start the week. The loonie closed at US$0.7390 or US$1=C$1.3532, down from US$0.7425 or US$1=C$1.3468 on Friday. The United States Dollar Index jumped 0.77 of a point at 105.31. Crude oil prices fell on Monday due to inflation fears, despite showing

WINNIPEG – The Canadian dollar is gaining some strength to start the week. As of 8:36 a.m. CST, the loonie was at US$0.7443 or US$1=C$1.3435 on Monday morning, up from US$0.7425 or US$1=C$1.3468 at Friday’s close. On Wednesday, the Bank of Canada (BoC) is expected to raise its key interest rate one final time before