GFM Network News


Canadian Financial Close: Loonie bounces back ahead of long weekend

Crude oil, gold push higher, TSX down

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from the Statistics Canada report on the economy. The loonie finished at US$0.7460 or US$1=C$1.3404, compared to Thursday when it closed at US$0.7445 or US$1=C$1.3432. The federal agency’s report said the Canadian economy grew 4.5 per cent in May […] Read more

Canadian Dollar and Business Outlook: Loonie remains firm

Economy grew 4.5 per cent in May

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was steady Friday morning, despite gains in crude oil and a positive economic report from Statistics Canada. As of 8:37 CDT, the Canadian dollar was at US$0.7447 or C$1.3428, compared to Thursday’s close of US$0.7445 or C$1.3432. Statistics Canada said the country’s economy grew by […] Read more


Canadian Financial Close: Oil pushes loonie lower

US GDP drops nearly 33 per cent

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar dropped four-tenths of a cent on Thursday due to weakness in crude oil. The loonie finished at US$0.7445 or US$1=C$1.3432, compared to Wednesday when it closed at US$0.7485 or US$1=C$1.3360. Benchmark crude oil prices were lower on Thursday, following a Department of Commerce report that […] Read more

Canadian Dollar and Business Outlook: Loonie retreats from 75 U.S. cents

Oil glut, pandemic threaten recovery

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was down Thursday morning, as crude oil and equities lost ground. As of 8:45 CDT, the Canadian dollar was at US$0.7460 or C$1.3407, compared to Wednesday’s close of US$0.7485 or C$1.3360. Benchmark crude oil prices were lower on Thursday morning, as another global glut looms […] Read more


Canadian Financial Close: Loonie inches close to 75 U.S. cents

Gold pushes towards US$2,000/oz

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday, due to continued weakness in the United States dollar, as well as gains in crude oil and the stock markets. The loonie finished at US$0.7485 or US$1=C$1.3360, compared to Tuesday when it closed at US$0.7478 or US$1=C$1.3373. The U.S. dollar […] Read more

Canadian Dollar and Business Outlook: Loonie approaching 75 U.S. cents

Crude up as U.S. inventories drop

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was making small gains on Wednesday morning, with support coming from increases in crude oil prices and a stronger stock market. As of 8:40 CDT, the Canadian dollar was at US$0.7489 or C$1.3348, compared to Tuesday’s close of US$0.7478 or C$1.3373. Benchmark crude oil prices […] Read more


Canadian Financial Close: Loonie firm amid weaker oil, U.S. dollar

Gold rises due to soft greenback

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday, as crude oil prices pulled back and the United States dollar remained weak. The loonie finished at US$0.7478 or US$1=C$1.3373, compared to Monday when it closed at US$0.7475 or US$1=C$1.3378. Benchmark crude oil prices were slightly lower on Tuesday, ahead […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

U.S. greenback remains weak

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, benefitting from continued weakness in the United States dollar. As of 8:43 CDT, the Canadian dollar was at US$0.7471 or C$1.3386, compared to Monday’s close of US$0.7475 or C$1.3378. Benchmark crude oil prices were steady to lower on Tuesday […] Read more


Canadian Financial Close: Loonie higher, gold sets new record

Oil up, waiting on stimulus package

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was higher on Monday, as the United States dollar remained on its downward swing compared to other world currencies that are considered to be safe havens. The loonie finished at US$0.7475 or US$1=C$1.3378, compared to Friday when it closed at US$0.7451 or US$1=C$1.3421. With fears […] Read more

Canadian Dollar and Business Outlook: Weakness in U.S. dollar nudges loonie

Gold continues to push above US$1,900

Reading Time: < 1 minute By MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was pushing upward on Monday morning, as the United States dollar continued to slip against other major world currencies. As of 8:40 CDT, the Canadian dollar was at US$0.7464 or C$1.3398, compared to Friday’s close of US$0.7451 or C$1.3421. Benchmark crude oil prices were slightly […] Read more