GFM Network News


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, seeing some consolidation ahead of the weekend. At 8:57 a.m. CDT Thursday morning, the Canadian dollar was at US$0.8004 or US$1=C$1.2494 which compares with Thursday’s North American close of US$0.8000 or US$1=C$1.2500. Canadian manufacturing sales increased by 3.5 per cent […] Read more

Canadian Financial Close: Loonie just shy of 80 U.S. cents

Crude oil boosts Canadian dollar

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was higher on Thursday, supported by gains in crude oil and despite an increase in the United States dollar. With the final settlement still pending, the loonie was at US$0.7998 or US$1=C$1.2502, compared to Wednesday’s close of US$0.7985 or US$1=C$1.2523. On the […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was holding firm Thursday morning, as the currency found ongoing support after Wednesday’s Bank of Canada interest rate announcement. At 8:56 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7993 or US$1=C$1.2511 which compares with Wednesday’s North American close of US$0.7985 or US$1=C$1.2523. The […] Read more

Canadian Financial Close: Bank of Canada moves push up loonie

Forecasting higher economic growth in 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar was higher on Wednesday, even flirting with 80 U.S. cents, following the latest economic projections from the Bank of Canada. The loonie finished at US$0.7985 or US$1=C$1.2523, compared to Tuesday’s close of US$0.7954 or US$1=C$1.2572. Canada’s central bank raised its forecast for […] Read more


Canadian Financial Close: Loonie loses more than three-tenths

Greenback rises, crude oil declines

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was lower on Tuesday, as the United States dollar gained a bit of ground and crude oil prices pulled back. The loonie finished at US$0.7954 or US$1=C$1.2572, compared to Monday’s close of US$0.7988 or US$1=C$1.2519. On the U.S. Dollar Index, the greenback […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was holding relatively steady Tuesday morning, showing little reaction to Monday’s federal budget. At 9:02 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7986 or US$1=C$1.2522 which compares with Monday’s North American close of US$0.7988 or US$1=C$1.2519. The Government of Canada’s first budget in […] Read more


Canadian Financial Close: Loonie slips prior to new budget

Freeland calling for C$101 billion in new spending

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The Canadian dollar was slightly lower on Monday, just before the first federal budget in two years was introduced in the House of Commons. The loonie finished at US$0.7988 or US$1=C$1.2519, compared to Friday’s close of US$0.7998 or US$1=C$1.2503. Canadian Minister of Finance Chrystia Freeland […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The Canadian dollar was stronger Monday morning, moving above the psychological 80 U.S. cents mark as investors await the release of the latest federal budget. At 8:48 a.m. CDT Monday morning, the Canadian dollar was at US$0.8007 or US$1=C$1.2489 which compares with Friday’s North American close of US$0.7998 […] Read more


Canadian Financial Close: Loonie a pinch under 80 U.S. cents

U.S. greenback slightly weaker

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – The Canadian dollar was just short of 80 U.S. cents on Friday, as its United States counterpart slipped. The loonie finished at US$0.7998 or US$1=C$1.2503, compared to Thursday’s close of US$0.7981 or US$1=C$1.2530. On the U.S. Dollar Index, the greenback was down 0.088 at 91.530 […] Read more