GFM Network News


Canadian Financial Close: C$ steadies ahead of weekend

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, posting only small losses as the currency traded near its highest levels in four months. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Friday, which compares with Thursday’s North American close of US$0.8097 or US$1=C$1.2351. Positioning ahead of the […] Read more

Canadian Dollar and Business Outlook: Loonie up despite fewer retail sales

Reading Time: < 1 minute WINNIPEG – The Canadian dollar moved its way back above the 81-cent United States mark on Friday despite news of fewer retail sales in September. As of 8:33 a.m. CDT, the loonie was at US$0.8109 or US$1=C$1.2332, compared to Thursday’s close of US$0.8097 or US$1=C$1.2351. Statistics Canada reported today receipts fell 1.9 per cent in […] Read more


Canadian Financial Close: Canadian dollar backs off highs

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, seeing a modest correction after hitting its strongest level relative to its United States counterpart in nearly four months. The Canadian dollar closed at US$0.8097 or US$1=C$1.2351 on Thursday, which compares with Wednesday’s North American close of US$0.8111 or US$1=C$1.2329. […] Read more

Canadian Dollar and Business Outlook: Loonie remains above 81 cents U.S.

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was mostly unchanged on Thursday while weekly jobless claims in the United States hit its lowest number since the start of the COVID-19 pandemic. As of 8:34 a.m. CDT, the loonie was at US$0.8114 or US$1=C$1.2324, compared to Wednesday’s close of US$0.8111 or US$1=C$1.2329. The U.S. Labor Department announced on […] Read more


Canadian Financial Close: Rising inflation boosts C$

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest level relative to its United States counterpart in over three months. The Canadian dollar closed at US$0.8111 or US$1=C$1.2329 on Wednesday, which compares with Tuesday’s North American close of US$0.8093 or US$1=C$1.2357. Canada’s annual rate of inflation hit […] Read more

Canadian Dollar and Business Outlook: Loonie steady as inflation rises

Reading Time: < 1 minute WINNIPEG – The Canadian dollar stayed mostly steady on Wednesday despite domestic inflation data that beat expectations. As of 8:39 a.m. CDT, the loonie was at US$0.8097 or US$1=C$1.2350, compared to US$0.8093 or US$1=C$1.2357 on Tuesday. Statistics Canada announced on Wednesday the consumer price index increased 4.4 per cent in September from the year before, […] Read more


Canadian Financial Close: C$ hits fresh 3-month high

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting fresh three-month highs as the United States dollar saw broad weakness internationally. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Tuesday, which compares with Monday’s North American close of US$0.8081 or US$1=C$1.2375. Advances in crude oil contributed to the […] Read more

Canadian Dollar and Business Outlook: Loonie rises, TSX surpasses 21,000 points

Reading Time: < 1 minute WINNIPEG – The Canadian dollar rose to a three-month high on Tuesday as crude oil prices begin to ease. As of 8:30 a.m. CDT, the loonie was at US$0.8087 or US$1=C$1.2366, compared to US$0.8081 or US$1=C$1.2375 on Monday. Brent crude oil dipped US$0.17 per barrel to US$84.16. West Texas Intermediate (WTI) dropped US$0.28 to US$82.16/barrel. […] Read more


Canadian Financial Close: C$ steady

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The Canadian dollar held steady on Monday, seeing some consolidation after climbing to multi-month highs relative to its United States counterpart. The Canadian dollar was trading at US$0.8076 or US$1=C$1.2382 late Monday, which compares with Friday’s North American close of US$0.8078 or US$1=C$1.2379. West Texas Intermediate was up […] Read more