GFM Network News



Canadian Financial Close: C$ weakens ahead of Fed announcement

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as weakness in Chinese equity markets and general economic uncertainty had investors booking profits. The Canadian dollar closed at US$0.7950 or US$1=C$1.2578 on Tuesday, which compares with Monday’s North American close of US$0.7969 or US$1=C$1.2549. Positioning ahead of Wednesday’s interest […] Read more


Canadian Dollar and Business Outlook: Loonie slips

Reading Time: < 1 minute WINNIPEG – The Canadian dollar stepped back on Tuesday after a sell-off in the Chinese market and a record low for United States treasury bond yields dampened the economic outlook. As of 8:54 a.m. CDT, the loonie was at US$0.7948 or US$1=C$1.2582, compared to US$0.7969 or US$1=C$1.2549 when markets closed on Monday. Crude oil was […] Read more

Canadian Financial Close: C$ strengthens

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was stronger on Monday, with a weaker tone in the United States dollar ahead of a number of key earnings reports later in the week behind some of the relative strength. The Canadian dollar closed at US$0.7969 or US$1=C$1.2549 on Monday, which compares with Friday’s […] Read more





Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, seeing some consolidation after posting large price swings earlier in the week. At 8:45 a.m. CDT Friday morning, the Canadian dollar was at US$0.7956 or US$1=C$1.2569 which compares with Thursday’s North American close of US$0.7957 or US$1=C$1.2567. Canadian retail […] Read more

Canadian Financial Close: Loonie, oil prices rise

Reading Time: < 1 minute WINNIPEG– The Canadian dollar moved a little closer to the 80-cent United States mark on Thursday. The loonie was at US$0.7957 or US$1=C$1.2567 on Thursday, up from Wednesday’s close at US$0.7943 or US$1=C$1.2589. The United States Dollar Index was up 0.11 points at 92.87. Benchmark crude oil prices rose for the second straight day. Brent […] Read more


Canadian Dollar and Business Outlook: Bump U.S. unemployment gives boost to loonie

Jobless claims up instead of down

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday morning as the United States dollar weakened on poor jobs data. As of 8:40 CDT, the Canadian dollar was at US$0.7955 or C$1.2572 compared to Wednesday’s close of US$0.7943 or C$1.2589. On the U.S. Dollar Index, the […] Read more

Canadian Financial Close: Loonie, commodities rise

Reading Time: < 1 minute WINNIPEG – The Canadian dollar rallied on Wednesday as stocks and commodities rose due to a renewed appetite for risk despite COVID-19 concerns. The loonie was at US$0.7943 or US$1=C$1.2589 on Wednesday, up from Tuesday’s close at US$0.7855 or US$1=C$1.2730. The United States Dollar Index was down 0.19 points at 92.78. Benchmark crude oil prices […] Read more