GFM Network News


Canadian Financial Close: Loonie climbs a pinch to close out week

Wholesale trade, retail sales provide support

By MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar bumped up a little on Friday, getting support from increases in wholesale trade and retail sales reports. The dollar finished at US$0.7584 or US$=C$1.3186, compared to Thursday’s close of US$0.7576 or US$1=C$1.3200. Statistics Canada reported the wholesale trade rose 4.3 per cent in July, more […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

Crude oil mixed Friday morning

By MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar was relatively steady on Friday morning, getting a little bit of strength from the Statistics Canada report citing retail sales rose 0.6 per cent in July. As of 8:44 CDT, the Canadian dollar was at US$0.7584 or C$1.3192, compared to Thursday’s close of US$0.7576 or […] Read more


Canadian Financial Close: Loonie at three-week low

WCS falls behind major crude prices

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was lower Thursday, as Western Canadian Select crude oil failed to keep pace with gains in major benchmark crudes. The loonie dropped to its lowest since Aug. 25. The dollar finished at US$0.7576 or US$=C$1.3200, compared to Wednesday’s close of US$0.7594 or US$1=C$1.3168. WCS crude […] Read more

Canadian Dollar and Business Outlook: Loonie pulls back

Oil production resumes in Gulf

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar lost about three-tenths of a cent on Thursday morning, due to lower crude oil prices. As of 8:47 CDT, the Canadian dollar was at US$0.7560 or C$1.3222, compared to Wednesday’s close of US$0.7594 or C$1.3168. Benchmark crude oil prices were lower Thursday morning, as production […] Read more


Canadian Dollar and Business Outlook: Loonie holding steady

Bounce in crude oil prices

By MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday morning, as there was little movement in its United States counterpart. As of 8:37 CDT, the Canadian dollar was at US$0.7589 or C$1.3185, compared to Tuesday’s close of US$0.7590 or C$1.3176. Benchmark crude oil prices were higher Wednesday morning, due […] Read more

Canadian Financial Close: Loonie firm after economic good news

U.S. backs down on tariff threat

By MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The Canadian dollar was unchanged on Tuesday, as an improving economy fended off pressure for the dollar to slip back. The loonie finished at US$0.7590 or US$1=C$1.3175 for a second day. Statistics Canada reported that factory sales in July increased seven per cent. Also, the Canadian Real Estate […] Read more


Canadian Dollar and Business Outlook: Loonie returns to 76 U.S. cents

U.S. dollar remains weak

By MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The Canadian dollar was slightly higher on Tuesday morning, hovering around 76 United States cents as the U.S. Dollar Index was weaker. As of 8:39 CDT, the Canadian dollar was at US$0.7602 or C$1.3155, compared to Monday’s close of US$0.7590 or C$1.3175. Benchmark crude oil prices were higher […] Read more

Canadian Financial Close: Little change in loonie due to vaccine hopes

Crude oil steady to lower ahead of Sally

By MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, as hopes for a COVID-19 vaccine spurred the equities markets. The Canadian dollar finished at US$0.7590 or US$1=C$1.3175, compared to Friday when it closed at US$0.7584 or US$1=C$1.3186. Benchmark crude oil prices were steady to lower on Monday, as projections […] Read more


Canadian Dollar and Business Outlook: Loonie inches up to start week

US$ Index slips under 93 points

By MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, as the United States dollar Index slipped under 93.00 points. As of 8:41 CDT, the Canadian dollar was at US$0.7589 or C$1.3171, compared to Friday’s close of US$0.7584 or C$1.3186. Benchmark crude oil prices were on slightly lower Monday […] Read more

Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday. The Canadian dollar closed at US$0.7584 or US$1=C$1.3186, which compares with Thursday’s North American close of US$0.7598 or US$1=C$1.3162. Canada’s industrial capacity fell to a record low of 70.3 per cent in the second quarter, according to a report from […] Read more