Canada Dollar

Lower Loonie Probably Won't Stop Snowbirds From Chasing Sun

CBC | Posted 02.26.2014 | Canada Business

​The decline of the Canadian dollar is going to convince a lot of would-be cross-border shoppers to stay home, but travellers who go south to chase ...

What's Weighing Down The Loonie?

CP | Malcolm Morrison, The Canadian Press | Posted 03.16.2014 | Canada Business

TORONTO - The Canadian dollar closed sharply lower Tuesday as a host of concerns continued to plague the loonie while the greenback strengthened amid ...

America Scoffs At One-Dollar Coin

CP | Alexander Panetta, The Canadian Press | Posted 02.14.2014 | Canada Business

WASHINGTON - Loonie-loving Canadians might be bemused to learn that their American brethren suffered a setback last week in the long, unfulfilled ques...

Sink The Loonie?

The Huffington Post Canada | Daniel Tencer | Posted 01.23.2014 | Canada Business

Stephen Poloz may be trying to sink the loonie. But it’s not some underhanded plan to damage Canada’s currency that the Bank of Canada governor...

Say Hello To These

CP | Sidhartha Banerjee, The Canadian Press | Posted 01.23.2014 | Canada Business

LONGUEUIL, Que. - The last of Canada's polymer bills were put into circulation by the Bank of Canada on Thursday, with the transition to the plastic c...

Signs Points To A Big Drop In The Loonie

CBC | Posted 04.22.2013 | Canada Business

Investors are betting against the Canadian dollar in record numbers, as the number of people holding short positions against the loonie has hit an all...

Loonie Takes A Dive

CP | Posted 02.22.2013 | Canada Business

TORONTO — The Canadian dollar was at another seven-month low Friday morning amid data showing lower than expected retail sales and tame inflation fi...

Loonie Lower On Debt Ceiling Concerns

CP | Malcolm Morrison, The Canadian Press | Posted 03.17.2013 | Canada Business

TORONTO - Canada's commodity-sensitive dollar closed slightly lower Tuesday as a stronger U.S. greenback pressured prices for oil and copper.The looni...

Loonie Drops After Carney Announces Exit

CP | Posted 11.26.2012 | Canada Business

TORONTO — The Canadian dollar closed lower Monday after a surprise announcement that Bank of Canada governor Mark Carney is leaving the central bank...

Loonie Rises On Good U.S. Outlook

CP | Malcolm Morrison, The Canadian Press | Posted 01.14.2013 | Canada Business

TORONTO - The Canadian dollar extended a string of losses Wednesday as worries increased about whether there can be a quick resolution to the looming ...

Is it Dutch Disease or a Central Canadian Cold?

David Gratzer | Posted 11.10.2012 | Canada Business
David Gratzer

On Friday, Mark Carney told us that advocates of the so-called Dutch Disease theory have it wrong. A bit of data is a good thing in a heated debate. Consider Statistics Canada latest (seasonally adjusted) monthly manufacturing sales numbers covering June 2012 sales. And when you do, ask yourself a simple question: does the data support Dutch Disease -- or are we seeing a case of a Central Canadian Cold?

Loonie Soars

CP | Malcolm Morrison, The Canadian Press | Posted 11.10.2012 | Canada Business

TORONTO - The Canadian dollar closed Monday at a one-year high against the U.S. currency, partly because Canada is increasingly viewed as one of the f...

25 Years Later, Loonie Proves To Be A Canadian Icon

The Huffington Post Canada | Daniel Tencer | Posted 06.29.2012 | Canada Business

June 30, 2012, marks 25 years since Canada ditched its one-dollar bill in favour of a gold-coloured coin. And while the move was somewhat controver...

Loonie Jumps On Good News From Europe

CP | Malcolm Morrison, The Canadian Press | Posted 08.11.2012 | Canada Business

TORONTO - The Canadian dollar closed lower Monday as early relief that Spain was getting a bailout for its banking sector faded.The commodity-sensitiv...

Good News On Jobs Could Be Bad News For Mortgage Holders

CP | Malcolm Morrison, The Canadian Press | Posted 07.11.2012 | Canada Business

TORONTO - The Canadian dollar was higher Friday morning following the release of much better than expected job creation data for April.The currency sh...

Loonie Drops Below Parity

Posted 05.09.2012 | Canada Business

TORONTO -- The Canadian dollar was below parity with the U.S. currency Wednesday morning as turmoil in Greece persuaded traders to avoid riskier asset...

As Loonie Soared, Half A Million Jobs Disappeared

CP | Julian Beltrame, The Canadian Press | Posted 05.01.2012 | Canada Business

OTTAWA - A new paper on the impact the strong Canadian dollar has had on the economy puts into sharp focus why Ontario Premier Dalton McGuinty is not ...

We're Back! How U.S. Rates Boosted The Loonie

CP | Malcolm Morrison, The Canadian Press | Posted 03.27.2012 | Canada Business

TORONTO - The Canadian dollar could be headed for its first close above parity with the U.S. dollar since late October as the currency found lift in t...

Daniel Tencer

Canada's Industrial Jobs Disappearing Twice As Fast As U.S.'s: Report

HuffingtonPost.com | Daniel Tencer | Posted 01.14.2012 | Canada Business

Canada lost industrial plants at twice the pace of the United States last year, a new report says. Industrial Info Resources, a business intelligen...

After Plastic 100-Dollar Bill, Canada To Get Steel Loonies

CP | Bruce Cheadle, The Canadian Press | Posted 03.13.2012 | Canada Business

OTTAWA - Steel yourself, Canada, new one-dollar and two-dollar coins are about to become the latest version of the proverbial plugged nickel.In an eff...

Loonie Tubmles On Dismal Jobs Data

CP | Malcolm Morrison, The Canadian Press | Posted 01.04.2012 | Canada Business

TORONTO - The Canadian dollar fell sharply Friday in the wake of a jobs report that widely missed expectations amid slowing global economic conditions...

Canada Creates Way More Jobs Than Expected

CP | Posted 12.07.2011 | Canada Business

OTTAWA - The Canadian economy appears to be weathering the global economic storm quite well, churning out 61,000 net new jobs in September and taking ...

Loonie Falls Below 95 Cents

CP | Malcolm Morrison, The Canadian Press | Posted 12.04.2011 | Canada Business

TORONTO - The Canadian dollar continued to lose ground Tuesday as worsening economic prospects and worries about a Greek government default sent trade...

Loonie Skids To A 12-Month Low

CBC | Posted 11.30.2011 | Canada

The Canadian dollar closed below 96 cents US at a 12-month low Friday, as traders moved into more widely traded U.S. dollar denominated securities. ...

Loonie Hits Lowest Point Of 2011

CP | Malcolm Morrison, The Canadian Press | Posted 11.30.2011 | Canada Business

TORONTO - The Canadian dollar closed more than a cent lower Friday as commodity prices continued to retreat and traders sold off any potentially risky...