GFM Network News


Canadian Dollar and Business Outlook: Loonie slips under 74 U.S. cents

Doubts surround OPEC+ meeting

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday morning as global benchmark crude oil prices dipped. As of 8:42 CDT, the Canadian dollar was at US$0.7396 or C$1.3526, compared to Wednesday’s close of US$0.7405 or C$1.3504. Benchmark crude oil prices were lower on Thursday morning, as the OPEC+ […] Read more

Canadian Financial Close: Loonie steady as rate freeze continues

OPEC+ conference in doubt

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday following the Bank of Canada’s announcement on interest rates. The loonie finished the day at US$0.7405 or US$1=C$1.3504, compared to Tuesday when it closed at US$0.7399 or US$1=C$1.3515. The Bank of Canada said its key rate would remain at 0.25 […] Read more


Canadian Dollar and Business Outlook: Loonie dips prior to key interest rate announcement

Crude mixed prior to OPEC+ meeting

By MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday morning prior to the Bank of Canada making its announcement on interest rates. As of 8:37 CDT, the Canadian dollar was at US$0.7389 or C$1.3534, compared to Tuesday’s close of US$0.7399 or C$1.3515. In Tiff Macklem’s first day as the […] Read more

Canadian Financial Close: Loonie keeps getting stronger

BoC interest rate announcement tomorrow

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting a three-month high ahead of tomorrow’s interest rate announcement from the Bank of Canada. The loonie finished the day at US$0.7399 or US$1=C$1.3515, compared to Monday when it closed at US$0.7337 or US$1=C$1.3630. It’s widely expected that incoming Bank of […] Read more


Canadian Dollar and Business Outlook: Loonie up more than a half cent

OPEC+ pressing ahead with conference

By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning as crude oil prices were making small gains and the Toronto Stock Exchange opened higher. As of 8:45 CDT, the Canadian dollar was at US$0.7392 or C$1.3534, compared to Monday’s close of US$0.7337 or C$1.3630. Benchmark crude oil prices were […] Read more

Canadian Financial Close: Loonie rises ahead of central bank announcement

Benchmark crude oil slips

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was stronger on Monday, having made gains ahead of the Bank of Canada’s announcement on interest rate scheduled for Wednesday. The loonie finished the day at US$0.7337 or US$1=C$1.3630, compared to Friday when it closed at US$0.7253 or US$1=C$1.3787. Benchmark crude oil prices were lower […] Read more


Canadian Dollar and Business Outlook: Loonie up amid higher U.S./China tensions

China orders halt on some U.S. imports

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Monday morning relative to the United States dollar. As of 8:46 CDT, the Canadian dollar was at US$0.7296 or C$1.3708, compared to Friday’s close of US$0.7253 or C$1.3787. Benchmark crude oil prices were steady to lower Monday morning as OPEC and Russia […] Read more

Canadian Financial Close: C$ edges down ahead of weekend

WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, seeing some consolidation to end the week after posting sharp gains relative to its United States counterpart in recent sessions. The Canadian dollar closed at US$0.7253 or US$1=C$1.3787, which compares with Thursday’s North American close of US$0.7265 or US$1=C$1.3764. Canada’s gross domestic […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, as investors digested the country’s latest inflation data. At 8:36 CDT Friday morning the Canadian dollar was at US$0.7262 or C$1.3770 which compares with Thursday’s North American close of US$0.7265 or C$1.376480. Canada’s economy shrunk at an annualized rate of […] Read more

Canadian Financial Close: C$ firm, but lags world currencies

By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was firmer on Thursday, but lagged most other major world currencies relative to the United States dollar. The Canadian dollar closed at US$0.7265 or US$1=C$1.3764, which compares with Wednesday’s North American close of US$0.7257 or US$1=C$1.3780. Canada’s current account deficit widened to C$11.1 billion in […] Read more