WINNIPEG – While new COVID-19 cases have reached a new daily high with more than 16,000 reported on Thursday, the Canadian dollar exceeded the 78 United States cent mark on the strength of welcome economic data. As of 2:45 p.m. CST, the loonie was at US$0.7805 or US$1=C$1.2812 on Thursday, up from Wednesday’s close of […] Read more

WINNIPEG– The Canadian dollar nearly approached 78 United States cents on Thursday morning, continuing its recent rise amid good economic news despite the spread of the Omicron COVID-19 variant. As of 8:48 a.m. CST, the loonie was at US$0.7799 or US$1=C$1.2822, compared to Thursday’s close of US$0.7773 or US$1=C$1.2865. Canada had a record 14,995 new […] Read more

WINNIPEG – The Canadian dollar made gains on Wednesday as oil prices continued to rise. The loonie was at US$0.7773 or US$1=C$1.2865 on Wednesday, up from Tuesday’s close of US$0.7736 or US$1=C$1.2927. Prime Minster Justin Trudeau announced today new financial supports to workers and businesses negatively affected by new lockdowns. The United States Dollar Index […] Read more

WINNIPEG– The Canadian dollar made gains on Wednesday despite new shutdowns due to the Omicron COVID-19 variant and steady crude oil prices. As of 8:33 a.m. CST, the loonie was at US$0.7754 or US$1=C$1.2897, compared to Tuesday’s close of US$0.7736 or US$1=C$1.2927. Prime Minister Justin Trudeau, Chief Public Health Officer Dr. Theresa Tam and numerous […] Read more

WINNIPEG – The Canadian dollar moved slightly upward on Tuesday while crude oil surged. The loonie was at US$0.7736 or US$1=C$1.2927 on Tuesday, up from Monday’s close of US$0.7727 or US$1=C$1.2942. Retail sales increased in Canada by 1.2 per cent in November, according to a report from Statistics Canada released on Tuesday. The United States […] Read more

WINNIPEG – The Canadian dollar made a slight gain on Tuesday on the strength of welcome retail sales data and increased natural gas demand in Europe. As of 8:38 a.m. CST, the loonie was at US$0.7737 or US$1=C$1.2925, compared to Monday’s close of US$0.7727 or US$1=C$1.2942. Statistics Canada reported on Tuesday that retailers sold 1.2 […] Read more

WINNIPEG – The Canadian dollar continued its downturn on Monday as worries over the Omicron COVID-19 variant took a hold onto the markets. The loonie was at US$0.7727 or US$1=C$1.2942 on Monday, down from Friday’s close of US$0.7785 or US$1=C$1.2846. The Quebec government announced today it was closing schools, bars, gyms and movie theatres in […] Read more

WINNIPEG – The Canadian dollar retreated on Monday as the Omicron COVID-19 variant takes hold. As of 9:06 a.m. CST, the loonie was at US$0.7728 or US$1=C$1.2940, compared to Friday’s close of US$0.7785 or US$1=C$1.2846. The United States Dollar Index slipped back 0.17 of a point to 96.39. On Sunday, the proposed US$2 trillion tax-and-spend […] Read more

WINNIPEG – The Canadian dollar closed the week on a down note as the United States greenback strengthens, the Omicron COVID-19 variant continues to spread and oil prices slide. The loonie was at US$0.7785 or US$1=C$1.2846 on Friday, down from Thursday’s close of US$0.7824 or US$1=C$1.2782. The United States Dollar Index surged 0.60 of a […] Read more

WINNIPEG – The Canadian dollar slipped back on Friday as fears of both the Omicron COVID-19 variant and new hawkish monetary policy takes hold on the markets. As of 8:35 a.m. CST, the loonie was at US$0.7794 or US$1=C$1.2830, compared to Thursday’s close of US$0.7824 or US$1=C$1.2782. The United States Dollar Index increased 0.12 of […] Read more