GFM Network News

Canadian Financial Close: C$ softens

By MarketsFarm WINNIPEG, April 12 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, seeing a modest correction after Friday’s jobs-related strength. The Canadian dollar closed at US$0.7966 or US$1=C$1.2553 on Monday, which compares with Friday’s North American close US$0.7972 or US$1=C$1.2544. Crude oil posted small gains, with West Texas Intermediate crude oil up […] Read more

Canadian Financial Close: Loonie, gold jump

WINNIPEG – The Canadian dollar regained yesterday’s losses after the United States experienced an unexpected rise in weekly unemployment claims. The loonie was at US$0.7950 or US$1=C$1.2579 on Thursday, down from Wednesday’s close at US$0.7926 or US$1=C$1.2617. On the United States Dollar Index, the greenback lost 0.38 points to 92.07. Benchmark crude oil prices were […] Read more

Canadian Financial Close: Loonie falls, oil gains

WINNIPEG – The Canadian dollar sunk on Wednesday, after Statistics Canada revealed that Canada’s trade surplus narrowed to C$1 billion in March and Ontario announced a new stay-at-home order to combat a third wave of COVID-19. The loonie was at US$0.7926 or US$1=C$1.2617 on Wednesday, down from Tuesday’s close at US$0.7962 or US$1=C$1.2559. On the […] Read more

Canadian Dollar and Business Outlook: Loonie drops, oil bounces back

WINNIPEG – The Canadian dollar slightly dropped on Tuesday morning despite rising oil prices and a weaker United States dollar. As of 8:38 a.m. CDT, the loonie was at US$0.7967 or US$1=C$1.2552, compared to US$0.7984 or US$1=C$1.2525 when markets closed on Monday. Benchmark oil prices rebounded on Tuesday after the International Monetary Fund delivered bullish […] Read more