GFM Network News


Canadian Financial Close: C$ hits five-month highs

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest levels in more than five months as gains in crude oil and general weakness in the United States Dollar Index provided support. The Canadian dollar closed at US$0.7540 or US$1=C$1.3262, which compares with Tuesday’s North American close of […] Read more

Canadian Dollar and Business Outlook: Loonie leaps past 75 cents

Gold well above US$2,000/ounce

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar surged past 75 U.S. cents on Wednesday morning, gaining strength from higher crude oil prices and the continued weakness in the United States dollar. As of 8:56 CDT, the Canadian dollar was at US$0.7549 or C$1.3244, compared to Tuesday’s close of US$0.7478 or C$1.3372. Benchmark […] Read more


Canadian Financial Close: C$ strengthens

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was firmer on Tuesday, as gains in the outside equity and energy markets provided support. The Canadian dollar closed at US$0.7478 or US$1=C$1.3372, which compares with Friday’s North American close of US$0.7460 or US$1=C$1.3404. Expectations for a new pandemic stimulus package in the United States […] Read more

Canadian Dollar and Business Outlook: Loonie steady after long weekend

Oil lower as pandemic fears increase

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was unchanged Tuesday morning, as trading resumed following the August long weekend. As of 9:04 CDT, the Canadian dollar was at US$0.7460 or C$1.3408, the same as Friday’s close. Benchmark crude oil prices were lower on Tuesday morning due to market worries over the increasing […] Read more


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