GFM Network News


Canadian Financial Close: Canadian dollar gains on Friday

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The Canadian dollar was slightly stronger on Friday, boosted by a comparatively weaker United States dollar. The dollar finished the day at US$0.7615 or US$1=C$1.3132, compared to Thursday when it closed at US$0.7609 or US$1=C$1.3143. United States equities finished the week lower after a weekend of strong performances, […] Read more

Canadian dollar and business outlook

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) The Canadian dollar was steady on Friday morning, as crude oil prices continued to gain strength. At 8:15 CDT, the Canadian dollar was at US$0.7609 or C$1.3143, which compares with Thursday’s North American close of US$0.7609 or C$1.3143. Canadian economists are debating the potential for an upcoming recession. The […] Read more


Canadian Financial Close: Canadian dollar gains on Thursday

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The Canadian dollar was slightly stronger on Thursday, boosted by strong crude oil values. The dollar finished the day at US$0.7609 or US$1=C$1.3143, compared to Wednesday when it closed at US$0.7575 or US$1=C$1.3201 United States stocks finished mostly higher due to a spate of positive third-quarter financial reports. […] Read more

Canadian Dollar and Business Outlook: Positive manufacturing sales report pushes up loonie

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The Canadian dollar was stronger Thursday morning as it found support in Statistics Canada’s manufacturing sales report. As of 8:44 CDT, the Canadian dollar was at US$0.7599 or C$1.3259. That compares to Wednesday’s North American close of US$0.7575 or C$1.3201. Statistics Canada reported manufacturing sales in August rose […] Read more


Canadian Dollar and Business Outlook: Loonie firm as inflation stays put

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The Canadian dollar was steady Wednesday morning following Statistics Canada’s latest report on inflation. As of 8:41 CDT, the Canadian dollar was at US$0.7567 or C$1.3214. That compares to Tuesday’s North American close of US$0.7569 or C$1.3211. Statistics Canada reported this morning that the country’s annual inflation rate […] Read more

Canadian Financial Close: Canadian dollar lower on Tuesday

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was slightly lower following Canada’s Thanksgiving weekend. The dollar finished the day at US$0.7569 or US$1=C$1.3211, compared to Friday when it closed at US$0.7577 or US$1=C$1.3198 U.S. stocks finished higher due to a spate of positive third-quarter results. Investors are watching to see if “phase […] Read more


Canadian Dollar and Business Outlook: Loonie falters after long weekend

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was lower Tuesday morning as the Canadian markets reopened after the Thanksgiving long weekend. As of 8:45 CDT, the Canadian dollar was at US$0.7557 or C$1.3231. That compares to Friday’s North American close of US$0.7577 or C$1.3198. Crude oil prices were steady to lower Tuesday […] Read more

Canadian Financial Close: C$ strengthens on jobs data

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 11 (MarketsFarm) – The Canadian dollar was stronger on Friday, as solid domestic jobs data and improved global economic sentiment provided support. The Canadian dollar closed at US$0.7577 or US$1=C$1.3198, which compares with Thursday’s close of US$0.7522, or US$1=C$1.3294. The Canadian economy added 53,700 net jobs in September, taking the unemployment […] Read more


Canadian dollar and business outlook

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 11 (MarketsFarm) The Canadian dollar was stronger Friday morning, as solid employment data and gains in crude oil provided support. At 9:05 CDT Friday morning the Canadian dollar was at US$0.7579 or C$1.3194 which compares with Thursday’s North American close of US$0.7522 or C$1.3294. The Canadian economy added 53,700 net jobs […] Read more

Canadian Financial Close: Trade talk optimism boosts loonie, crude oil

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 10 (MarketsFarm) – The Canadian dollar was higher at market close on Thursday, as crude oil saw good increases. The loonie finished the day at US$0.7522 or US$1=C$1.3294, which compares with Wednesday’s close of US$0.7505 or C$1.3324. Benchmark oil prices were higher on Thursday due to optimism surrounding United States/China trade […] Read more