GFM Network News


Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar fell to its weakest level in nearly a month relative to its United States counterpart on Friday as the U.S. dollar strengthened ahead of next week’s Federal Reserve interest rate announcement. The Canadian dollar closed at US$0.8232 or US$1=C$1.2148 on Friday, which compares with Thursday’s […] Read more



Canadian Financial Close: C$ steady again

By MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction for the second day in a row as market participants continued to contemplate future interest rate policy moves from the Bank of Canada. The Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday, […] Read more



Canadian Financial Close: C$ steady

By MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, seeing little reaction as the Bank of Canada left its key overnight interest rate unchanged at 0.25 per cent. In the accompanying statement, the Bank said it expected increasing vaccination rates in the country would help the economy “rebound strongly.” The […] Read more



Canadian Financial Close: C$ weakens slightly

By MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as investors adjusted positions ahead of the Bank of Canada’s next interest rate decision on Wednesday. The Canadian dollar closed at US$0.8267 or US$1=C$1.2097 on Tuesday, which compares with Monday’s North American close of US$0.8283 or US$1=C$1.2073. In domestic data, […] Read more

Canadian Dollar and Business Outlook: Loonie, gold drop

WINNIPEG – The Canadian dollar moved downward on Tuesday after a report showed an increase in Canada’s consumer debt. As of 8:38 a.m. CDT, the loonie was at US$0.8268 or US$1=C$1.2095 on Tuesday, compared to US$0.8283 or US$1=C$1.2073 when markets closed on Monday. Earlier today, consumer credit reporting firm Equifax reported that Canadian consumer debt […] Read more