Canadian Dollar

This Chart May Be The Best News In Ages About Canada's Economy

The Huffington Post Canada | Daniel Tencer | Posted 03.04.2015 | Canada Business

For years, economists have been saying that if Canada wants sustainable growth, it has to stop relying on consumers taking on more debt and start bein...

These Canadian Industries Are Winning the Trade Game

Peter Hall | Posted 02.20.2015 | Canada Business
Peter Hall

How is Canada faring in our industrial diversification? Progress on trade diversification over the past 15 years is likely one of the most remarkable developments in Canadian economic history. A strong dependence on traditional markets was only enhanced by the Canada-US FTA, which saw exports to the US soar to over 85 per cent of the total. But a big shift began in the New Millennium.

Loonie ‘Will Remain In Crash Position'

The Huffington Post Canada | Daniel Tencer | Posted 02.11.2015 | Canada Business

The Canadian dollar “will remain in crash position” because of the possibility that the U.S. and Canadian economies will diverge further, the Bank...

The Many Consequences of a Falling Loonie

Salman Sakir | Posted 02.10.2015 | Canada Business
Salman Sakir

The Canadian dollar has been declining against the U.S. dollar for the last several months. The depreciation of the Canadian dollar has corresponded with the fall in oil price. Overall, the depreciating Canadian dollar would have different effects on various sectors of the economy.

Have Oil Prices Finally Bottomed Out?

CP | Malcolm Morrison, The Canadian Press | Posted 02.03.2015 | Canada Business

TORONTO - The Canadian dollar was slightly higher Tuesday as oil prices continued to advance on hopes the worst of the plunge in oil prices may be ove...

Lowest Since 2009

CP | Malcolm Morrison, The Canadian Press | Posted 01.30.2015 | Canada Business

TORONTO - The Canadian dollar hit fresh, multi-year lows Friday as November's economic data came in worse than expected.The loonie finished well off e...

Loonie Plunges Through 80 Cents In Biggest 2-Year Drop Ever

The Huffington Post Canada | Daniel Tencer | Posted 01.29.2015 | Canada Business

The Canadian dollar fell through a psychologically important barrier Wednesday, trading for the first time in five years below 80 cents U.S. The lo...

Goldman Sachs Sees 71-Cent Loonie

CP/HuffPost Canada | Malcolm Morrison, The Canadian Press | Posted 01.26.2015 | Canada Business

Remember the days, a decade or more ago, when you feared going to the U.S. because the Canadian peso bought you next to nothing? Well those days co...

Americans Are Coming -- Thanks To The Dollar | Posted 01.22.2015 | Canada Travel

You don't need to be an economist to understand what's going on with Canada's currency. Our dollar is under pressure and this isn't great news -- unless you're exporting goods from Canada. It just so happens that tourism is an export business.

Loonie Plunges By A Cent After BoC's Surprise Rate Cut

CP | Malcolm Morrison, The Canadian Press | Posted 01.21.2015 | Canada Business

TORONTO - The Canadian dollar plunged more than 1 1/2 U.S. cents Wednesday after the Bank of Canada surprised markets with a quarter-point cut to its ...

This Is Why A Falling Loonie Won't Rescue Canada's Economy

The Huffington Post Canada | Daniel Tencer | Posted 01.16.2015 | Canada Business

Until a few months ago, the complaint that Canada’s economy isn’t diverse enough, and is too reliant on energy exports, seemed to be a purely acad...

Blame Goldman Sachs For Loonie's Tailspin To 6-Year Low

CP | Malcolm Morrison, The Canadian Press | Posted 01.12.2015 | Canada Business

TORONTO - The Canadian dollar closed down sharply Monday, hitting a fresh multi-year low as oil prices continued to retreat amid a bearish price forec...

Oil Price Carnage Is Good News For Canada's Tourism Industry

CP | Kevin Bissett, The Canadian Press | Posted 01.11.2015 | Canada Business

FREDERICTON - Falling gas prices and a weakening loonie are raising hopes within Canada's tourism industry that 2015 will be a banner year.Ian Jack, a...

Canadian Dollar Off To Weak Start In 2015

CP | Linda Nguyen, The Canadian Press | Posted 03.04.2015 | Canada Business

TORONTO - The loonie plunged to a level not seen in more than five years Friday amid a strengthening U.S. greenback and weaker crude oil prices.The Ca...

Even With Oil Prices In Free Fall, TSX Eking Out A Gain For The Year

CP | Posted 12.29.2014 | Canada Business

TORONTO — The Toronto stock market registered a solid advance Monday, building on gains racked up last week in the wake of stronger than expected ec...


CBC | Posted 02.10.2015 | Canada Business

The Canadian dollar plunged to 86 cents today in the wake of turmoil in oil and stock markets. The loonie was trading at a 5½-year low of 86.69 ce...

Toronto Stock Exchange, Loonie Plunge Amid Oil Price Collapse

The Huffington Post Canada | Daniel Tencer | Posted 11.29.2014 | Canada Business

Oil prices will shave $15 billion to $20 billion from Canada’s economy annually if they stay at current, lower levels, the Bank of Montreal says. ...

Further To Fall...

CP | Ross Marowits, The Canadian Press | Posted 01.20.2015 | Canada Business

MONTREAL - Canadian investors who have yet to diversify into the U.S. market still have time, according to investment specialists who predict a furthe...

TSX, Loonie Slide As Oil Prices Hit 4-Year Low

CP | By Malcolm Morrison, The Canadian Press | Posted 11.13.2014 | Canada Business

TORONTO — Energy stocks helped push the Toronto stock market lower Thursday as concerns about oversupply pushed crude oil prices below US$75 a barre...

How The Loonie Saved Canadian Oil

CBC | Posted 01.11.2015 | Canada Business

Amid a global crude slowdown pushing oil prices to multi-year lows, Canadian oil companies are faring better than their overseas counterparts, TD Bank...

Loonie Hits 5-Year Low

HuffPost Canada/CP | Malcolm Morrison, The Canadian Press | Posted 01.04.2015 | Canada Business

The Canadian dollar hit a five-year low around 88 cents U.S. Monday night, and fell further Tuesday morning as oil prices faltered and currency invest...

Why Things Are Looking Good For Canadian Export Growth

Peter Hall | Posted 01.03.2015 | Canada Business
Peter Hall

Tightening U.S. monetary policy suggests that the Canadian dollar will remain weak. And in spite of competitiveness concerns, exports are rising enough this year to suggest 10 per cent growth, and an added 6 per cent in 2015. This in turn will spur business investment, lifting Canadian GDP growth to 2.8 per cent in 2015.

Playing Ball With China

Peter Hall | Posted 12.24.2014 | Canada Business
Peter Hall

If you build it, he will come. In this case, "it" is not a baseball diamond, but a renminbi (RMB) hub, and "he" is not Shoeless Joe Jackson, but rather a business community eager to trade and invest in RMB. So far, the "build-it first" approach has paid dividends for Hong Kong, London, Taipei, and Singapore. Frankfurt, Luxembourg, Seoul, and a host of other jurisdictions are also showing initial promise after recently signing hub agreements. But will this approach work for Canada?

Loonie Hits 5-Year Low

CP | Malcolm Morrison, The Canadian Press | Posted 12.15.2014 | Canada Business

TORONTO - The Canadian dollar closed higher Wednesday as the greenback fell back a little on worse than expected U.S. retail sales.The loonie rose 0.3...

Low Dollar Could Hurt High-Flying Albertans

CBC | Posted 12.04.2014 | Canada Alberta

The low Canadian dollar is good news for the energy industry but it could make it more expensive to live in Alberta. On Friday, the loonie hit a si...