GFM Network News


Canadian Financial Close: Dollar stronger on Thursday

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday. The dollar finished the day at US$0.7764 or US$1=C$1.2880, compared to Wednesday when it closed at US$0.7731 or US$1=C$1.2934. Global stock indices were slightly lower, following news that Pfizer is struggling with supply-chain issues with the COVID-19 vaccine. This erased previous […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday.      At 8:30 CST Thursday morning the Canadian dollar was at US$0.7745 or US$1=C$1.2911, which compares with Wednesday’s North American close of US$0.7732 or US$1=C$1.2934. Crude oil prices were slightly lower in early activity, following reports that the Organization of Petroleum […] Read more


Canadian Financial Close: Dollar stronger on Wednesday

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was slightly stronger at Wednesday’s close, remaining around highs for the year. The dollar finished the day at US$0.7731 or US$1=C$1.2934, compared to Tuesday when it closed at US$0.7721 or US$1=C$1.2952. The S&P 500 was stronger on Wednesday, spurred by gains in energy markets to […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was steady on Wednesday.      At 8:40 CST Wednesday morning the Canadian dollar was at US$0.7725 or US$1=C$1.2944, which compares with Friday’s North American close of US$0.7721 or US$1=C$1.2952. Global stock indices were mixed on Wednesday morning following news that Merck & Co. sold its […] Read more


Global Markets: National Bank of Canada posts Q4 gains

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Montreal-based National Bank of Canada reported fourth quarter profits totalling C$492 million. Revenues totalled C$2 billion for the quarter, compared to C$1.9 billion during the same quarter in 2019. United States employers added fewer […] Read more

Canadian Financial Close: Dollar stronger on Tuesday

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was slightly stronger at Tuesday’s close, spurred by gains in global stock indices. The dollar finished the day at US$0.7721 or US$1=C$1.2952, compared to Monday when it closed at US$0.7713 or US$1=C$1.2965. Major stocks hit record highs, led by gains in technology and communications industries. […] Read more


Canadian Dollar and Business Outlook: Loonie holding firm

Canada's GDP jumps by record amount

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was virtually unchanged Tuesday morning, despite a favourable Statistics Canada report regarding economic growth. As of 8:39 CST, the Canadian dollar was at US$0.7718 or C$1.2954, compared to Monday’s close of US$0.7713 or C$1.2965. Statistics Canada said the country’s gross domestic product increased by an […] Read more

Canadian Financial Close: Dollar stronger to start the week

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was slightly stronger at Monday’s close, remaining near highs for the year. The dollar finished the day at US$0.7713 or US$1=C$1.2965, compared to Friday when it closed at US$0.7701 or US$1=C$1.2985. Canada’s main stock index was slightly lower following new proposals from the Canadian government. […] Read more


Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was stronger on Monday.      At 8:55 CST Monday morning the Canadian dollar was at US$0.7726 or US$1=C$1.2943, which compares with Friday’s North American close of US$0.7701 or US$1=C$1.2985. The Canadian government will unveil new spending plans later today, detailing the cost of emergency support […] Read more

Canadian Financial Close: C$ strengthens

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The Canadian dollar was stronger on Friday, as investors backed away from the United States dollar in favour of riskier assets. Activity was somewhat thin, with many participants keeping to the sidelines due to the U.S. Thanksgiving holiday. The Canadian dollar closed at US$0.7701 or US$1=C$1.2985, which compares […] Read more