GFM Network News


Canadian Financial Close: Loonie pulls back in face of greenback, deficit

Dollar falls below 79 U.S. cents again

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar retreated below 79 United States on Friday, due to a stronger U.S. dollar and on news that the federal deficit was nearly C$48.5 billion during the first four months of the fiscal year. The loonie closed at US$0.7886 or US$1=C$1.2680, compared to […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker Friday morning, taking back some of Thursday’s gains as the United States currency recovered internationally. At 8:55 a.m. CDT Friday morning, the Canadian dollar was at US$0.7881 or US$1=C$1.2689 which compares with Thursday’s North American close of US$0.7903 or US$1=C$1.2653. An increased appetite […] Read more


Canadian Financial Close: Loonie closes above 79 U.S. cents

Greenback down, crude oil up

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar was stronger on Thursday, slightly higher than 79 U.S. cents as the United States dollar weakened and crude oil prices increased. The loonie closed at US$0.7903 or US$1=C$1.2653, compared to Wednesday’s close of US$0.7839 or US$1=C$1.2756. On the U.S. Dollar Index, the […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, boosted by better-than-expected retail sales data. At 8:43 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7894 or US$1=C$1.2668 which compares with Wednesday’s North American close of US$0.7839 or US$1=C$1.2756. While Statistics Canada reported that retail sales in the country […] Read more


Canadian Financial Close: Upticks in crude strengthen loonie, greenback

U.S. oil stocks lowest in three years

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was higher on Wednesday on gains made in crude oil prices and despite a stronger United States dollar. The loonie closed at US$0.7839 or US$1=C$1.2756, compared to Tuesday’s close of US$0.7812 or US$1=C$1.2801. On the U.S. Dollar Index, the greenback was up […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was holding relatively steady Wednesday morning, with global financial markets waiting on developments out of China and real estate company Evergrande. At 8:45 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7805 or US$1=C$1.2812 which compares with Tuesday’s North American close of US$0.7812 or […] Read more


Canadian Financial Close: Loonie climbs above 78 U.S. cents

Election results, US dollar, crude oil provide strength

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar was slightly higher on Tuesday following the federal election while the United States dollar inched back and crude oil made small gains. The loonie closed at US$0.7812 or US$1=C$1.2801, compared to Monday’s close of US$0.7795 or US$1=C$1.2828. The federal Liberals led by […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning, seeing a modest recovery after Monday’s declines as investors reacted to the outcome of the federal election. At 8:55 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7817 or US$1=C$1.2793 which compares with Monday’s North American close of US$0.7795 […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar was weaker Monday morning, with investors showing some caution as Canadians head to the polls to elect a new federal government. Broad risk-aversion in the global markets contributed to the weakness in the currency. At 8:43 a.m. CDT Monday morning, the Canadian dollar was at […] Read more

Canadian Financial Close: Loonie ends week on downturn

WINNIPEG – The Canadian dollar hit its lowest point since August on Friday as investors positioned themselves ahead of Monday’s federal election against a stronger United States dollar. The loonie was at US$0.7861 or US$1=C$1.2721 on Friday, up from Thursday’s close of US$0.7890 or US$1=C$1.2674. The U.S. Dollar Index jumped 0.28 of a point at […] Read more