GFM Network News


Canadian Financial Close: Loonie takes a tumble

Higher bind yields force drop in dollar

Reading Time: < 1 minute Posted by Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar plummeted by nearly a full cent on Friday, as investor sentiment waned on this week’s spike in bond yields. The loonie finished at US$0.7883 or US$1=C$1.2685, compared to Thursday’s close of US$0.7981 or US$1=C$1.2530. Benchmark crude oil prices were lower on Thursday, […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar was sharply weaker Friday morning, pressured by a move away from riskier assets in the global financial markets. At 9:04 CST Friday morning the Canadian dollar was at US$0.7906 or US$1=C$1.2649 which compares with Thursday’s North American close of US$0.7981 or US$1=C$1.2530. Increases in United […] Read more


Canadian Financial Close: Loonie peaks over 80 U.S. cents, pulls back

Higher bond yields pressures dollar, equity markets

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar closed a little higher on Thursday, after pushing above 80 U.S. cents before settling back. The loonie finished at US$0.7981 or US$1=C$1.2530, compared to Wednesday’s close of US$0.7969 or US$1=C$1.2548. The surge in the Canadian dollar was curtailed by increased bond yields. In following United […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, moving above 80 U.S. cents for the first time in three years. At 9:05 CST Thursday morning the Canadian dollar was at US$0.8011 or US$1=C$1.2483 which compares with Wednesday’s North American close of US$0.7969 or US$1=C$1.2548. Broad weakness in the United […] Read more


Canadian Financial Close: Loonie at best level in three years

Oil underpinning dollar's rise

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar hit a three-year high on Wednesday, as the oil currency tried to catch up with rising crude prices. The loonie finished at US$0.7969 or US$1=C$1.2548, compared to Tuesday’s close of US$0.7935 or US$1=C$1.2603. Reuters reported that Western Canadian Select (WCS) has increased by 30 per […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, hitting fresh three-year highs relative to its United States counterpart as gains in crude oil provided some support. At 8:50 CST Wednesday morning the Canadian dollar was at US$0.7946 or US$1=C$1.2585 which compares with Tuesday’s North American close of US$0.7935 or […] Read more


Canadian Financial Close: Loonie sees small gain

Moderate increase for Western Canadian Select

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar budged a little higher on Tuesday, as domestic crude oil prices were stronger. The loonie finished at US$0.7935 or US$1=C$1.2603, compared to Monday’s close of US$0.7928 or US$1=C$1.2613. Benchmark crude oil prices were mixed on Tuesday, with support coming from delays in getting United States […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, as investors await a speech from Bank of Canada Governor Tiff Macklem later in the day. At 8:42 CST Tuesday morning the Canadian dollar was at US$0.7934 or US$1=C$1.2604 which compares with Monday’s North American close of US$0.7928 or US$1=C$1.2613. […] Read more


Canadian Financial Close: Loonie remains steady

Crude oil jumps more than $2/barrel

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was unchanged on Monday, despite a dip in the United States dollar and strong gains in crude oil. The loonie finished at US$0.7928 or US$1=C$1.2613, compared to Friday’s close of US$0.7928 or US$1=C$1.2614. On the U.S. Dollar Index, the greenback lost 0.273 at 90.090 points. […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, backing away from the near-three-year highs relative to its United States counterpart hit on Friday. At 8:43 CST Monday morning the Canadian dollar was at US$0.7910 or US$1=C$1.2642 which compares with Friday’s North American close of US$0.7928 or US$1=C$1.2614. A […] Read more