GFM Network News



Canadian Dollar and Business Outlook: Loonie hits 82 cents U.S.

Reading Time: < 1 minute WINNIPEG – The Canadian dollar surpassed the 82 cents U.S. mark on Friday morning despite underwhelming economic data on both sides of the border. As of 8:37 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8197 or US$1=C$1.2200 when markets closed on Thursday. Statistics Canada reported earlier today that Canada lost 207,000 […] Read more


Canadian Financial Close: Loonie, gold rise

Reading Time: < 1 minute WINNIPEG – The Canadian dollar continued its ascent on Thursday. The loonie was at US$0.8197 or US$1=C$1.2200 on Thursday, up from Wednesday’s close at US$0.8149 or US$1=C$1.2272. Meanwhile, the United States Dollar Index dropped by 0.40 at 90.91 points. This despite the U.S. Labor Department reporting 498,000 jobless claims for the week ending May 1, […] Read more

Canadian Dollar and Business Outlook: Loonie still climbing

Reading Time: < 1 minute WINNIPEG – The Canadian dollar continued to rise on Thursday morning after closing at its highest point since September 2017 yesterday. As of 8:38 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8149 or US$1=C$1.2272 when markets closed on Wednesday. Benchmark oil prices remained mostly steady. Brent crude declined by US$0.09 per […] Read more


Canadian Financial Close: Loonie reaches highest point since 2017

Reading Time: < 1 minute WINNIPEG, May 5 (MarketsFarm) – The Canadian dollar closed at its highest level since September 2017 on Wednesday. The loonie was at US$0.8149 or US$1=C$1.2272 on Wednesday, up from Tuesday’s close at US$0.8120 or US$1=C$1.2315. It benefitted from improved investor sentiment and the Bank of Canada’s willingness to raise key interest rates sooner than its […] Read more

Canadian Dollar and Business Outlook: Loonie, oil rise

Reading Time: < 1 minute WINNIPEG – The Canadian dollar moved slightly upward on Wednesday morning. As of 8:38 a.m. CDT, the loonie was at US$0.8143 or US$1=C$1.2280 compared to US$0.8120 or US$1=C$1.2315 when markets closed on Tuesday. Benchmark oil prices maintained their climb as U.S. stockpiles fall and demand starts to increase in Europe. Brent crude moved up by […] Read more


Canadian Financial Close: Loonie slightly declines amidst trade deficit

Reading Time: < 1 minute WINNIPEG – The Canadian dollar dipped on Tuesday, but still remained above 81 cents U.S. The loonie was at US$0.8120 or US$1=C$1.2315 on Tuesday, down from Monday’s close at US$0.8144 or US$1=C$1.2279. Meanwhile, the United States Dollar Index reversed yesterday’s losses, increasing by 0.31 at 91.25 points. Statistics Canada reported earlier today that Canada had […] Read more



Canadian Financial Close: Loonie stays high, gold rallies

Reading Time: < 1 minute WINNIPEG – The Canadian dollar remained steady on Monday, maintaining its highest level since 2018. The loonie was at US$0.8144 or US$1=C$1.2279 on Monday, up from Friday’s close at US$0.8140 or US$1=C$1.2285. Meanwhile, the United States Dollar Index dropped by 0.31 at 90.97 points. Data from the IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) […] Read more

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

Reading Time: < 1 minute WINNIPEG – The Canadian dollar stayed fairly steady on Monday morning amidst economic optimism from the Bank of Canada and news that the country’s manufacturing activity increased for the 10th straight month in April. The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) was at 57.2 in April, its third-highest rating since the index was […] Read more