GFM Network News


Canadian Financial Close: Loonie drops more than a half cent

China expands COVID-19 lockdown

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was weaker on Friday, due to declines in crude oil. The dollar finished at US$0.7864 or US$1=C$1.2716, compared to Thursday’s close of US$0.7920 or US$1=C$1.2627. Benchmark crude oil prices were lower on Friday due to additional pandemic restrictions imposed in China that could impede demand. […] Read more

Canadian Dollar and Business Outlook: Loonie falls back with crude oil

Dollar back under 79 U.S. cents

By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was lower Friday morning as crude oil prices shifted downward. As of 8:48 CST, the Canadian dollar was at US$0.7877 or C$1.2695, compared to Thursday’s close of US$0.7920 or C$1.2627. Benchmark crude oil prices were lower Friday morning due to additional COVID-19 lockdowns in China […] Read more


Canadian Financial Close: Loonie gains nearly two-tenths

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was higher on Thursday, due to economic optimism. The dollar finished at US$0.7920 or US$1=C$1.2627, compared to Wednesday’s close of US$0.7901 or US$1=C$1.2656. Benchmark crude oil prices were lower Thursday following a report from the American Petroleum Institute said United States inventories increased rather than […] Read more

Canadian Dollar and Business Outlook: Loonie gains on U.S. dollar weakness

U.S. crude inventories increase

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar higher on Thursday morning as the United States dollar lost ground. As of 8:42 CST, the Canadian dollar was at US$0.7921 or C$1.2625, compared to Wednesday’s close of US$0.7901 or C$1.2656. On the U.S. Dollar Index, the greenback was down 0.279 at 90.190 points. Benchmark […] Read more


Canadian Financial Close: Loonie returns to 79 U.S. cents

BoC holds rate at 0.25 per cent

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, following the decision by the Bank of Canada not to cut its key interest rate. The dollar finished at US$0.7901 or US$1.2656, compared to Tuesday’s close of US$0.7852 or US$1=C$1.2735. Bank of Canada Governor Tiff Macklem kept the rate at 0.25 […] Read more

Canadian Dollar and Business Outlook: Crude oil pushing up loonie

Biden to kibosh Keystone XL pipeline

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning with gains in crude oil prices, while the United States dollar was slightly higher. As of 8:44 CST, the Canadian dollar was at US$0.7882 or C$1.2688, compared to Tuesday’s close of US$0.7852 or C$1.2735. On the U.S. Dollar Index, the […] Read more


Canadian Financial Close: Loonie regains some ground

Greenback pulls back

By MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar was higher on Tuesday, as the United States dollar eased back and despite a sharp loss in domestic crude oil prices. The dollar finished at US$0.7852 or US$1.2735, compared to Monday’s close of US$0.7836 or US$1=C$1.2762. On the U.S. Dollar Index the greenback slipped 0.279 […] Read more



Canadian Financial Close: Loonie down by almost two-tenths

Greenback steady, crude oil down

By MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The Canadian dollar was lower on Monday, as its United States counterpart remained steady while crude oil prices were down. The dollar finished at US$0.7836 or US$1.2762, compared to Friday’s close of US$0.7857 or US$1=C$1.2727. After the greenback traded a little higher earlier today, it settled at unchanged […] Read more