GFM Network News


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) The Canadian dollar fell to its weakest levels in six months Thursday morning, as losses in crude oil and ongoing concerns over the COVID-19 coronavirus weighed on the currency. At 9:08 CST Thursday morning the Canadian dollar was at US$0.7485 or C$1.3360 which compares with Wednesday’s North American close […] Read more



Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) The Canadian dollar was holding steady Wednesday morning, lacking any clear direction. At 9:11 CST Wednesday morning the Canadian dollar was at US$0.7530 or C$1.3281 which compares with Tuesday’s North American close of US$0.7530 or C$1.3281. Crude oil hit its lowest level in just over a year in early […] Read more

Canadian Financial Close: Markets tumble again on coronavirus fears

Loonie holds firm amid calamity

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Tuesday, despite huge downward pressure from the futures markets. Investors turning away from weaker economies provided a counter influence. The loonie finished the day at US$0.7530 or US$1=C$1.3281, which compares with Monday’s close of US$0.7531 or C$1.3279. Coronavirus […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) The Canadian dollar was holding steady Tuesday morning, as global equity markets stabilized after Monday’s selloff. At 9:02 CST Monday morning the Canadian dollar was at US$0.7529 or C$1.3282 which compares with Monday’s North American close of US$0.7531 or C$1.3279. Mounting concerns over the COVID-19 coronavirus remained a feature […] Read more



Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) The Canadian dollar was weaker Monday morning, as increased fears over the COVID-19 coronavirus outbreak weighed on financial markets. At 9:06 CST Monday morning the Canadian dollar was at US$0.7535 or C$1.3271 which compares with Friday’s North American close of US$0.7562 or C$1.3224. New cases of the COVID-19 virus […] Read more

Canadian Financial Close: Loonie gains on U.S. greenback

Oil, stocks down on coronavirus fears

By MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The Canadian dollar was slightly higher at market close on Friday, as the United States dollar slipped today after a week of gains. The loonie finished the day at US$0.7562 or US$1=C$1.3224, which compares with Thursday’s close of US$0.7545 or C$1.3254. Benchmark crude oil prices were lower on […] Read more


Canadian Dollar and Business Outlook: Loonie holding firm on sales report

By MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The Canadian dollar was unchanged Friday morning, following a Statistics Canada report on retail sales. As of 8:55 CST, the Canadian dollar was at US$0.7545 or C$1.3252. Statistics Canada said retail sales in December of C$51.6 billion were virtually unchanged from those in November. On the year, retail […] Read more

Canadian Financial Close: Loonie dips against strengthening U.S. greenback

Crude oil prices make small gains

By MarketsFarm WINNIPEG, Feb. 20 (MarketsFarm) – The Canadian dollar was slightly lower at market close on Thursday, as the United States dollar continued to gain strength. The loonie finished the day at US$0.7545 or US$1=C$1.3254, which compares with Wednesday’s close of US$0.7558 or C$1.3231. The U.S. greenback has been on the rise lately as […] Read more