Canadian Dollar

Loonie Plunges 2 Cents

CP | The Canadian Press | Posted 05.19.2015 | Canada Business

TORONTO - North American markets were mixed Tuesday while the Canadian dollar was sharply lower amid a slide in commodity prices. The loonie, which...

Loonie Down, Hangover Rough

CP | Brian McKenna, The Canadian Press | Posted 05.19.2015 | Canada Business

TORONTO - North American markets were mixed while the loonie was sharply lower Tuesday in the face of a surging U.S. dollar and a slide in commodity p...

Loonie Rebounds

CP | The Canadian Press | Posted 04.28.2015 | Canada Business

TORONTO - The Canadian dollar rose about half a U.S. cent Monday morning. The loonie was up 0.52 of a U.S. cent at 82.69 cents US in late morning ...

Loonie ‘Undervalued' But ‘Worst Days Are Over': BMO

The Huffington Post Canada | Daniel Tencer | Posted 04.21.2015 | Canada Business

Same-day trips to the U.S. from Canada have plunged 28 per cent in the past two years, a sign that the loonie is undervalued, the Bank of Montreal say...

Canadians Bail On Foreign Vacations As Loonie Sinks

CBC | Posted 04.20.2015 | Canada Business

Canadians took only 4.8 million trips to other countries in February, Statistics Canada says, the lowest monthly total we've seen since October 2010...

The Canada-U.S. Price Gap Is Gone

The Huffington Post Canada | Daniel Tencer | Posted 04.18.2015 | Canada Business

Canada is the fifth-most expensive country in which to live, according to Deutsche Bank’s latest survey of global prices, but there is good news for...

Things Are Looking Up For Loonie

CP | The Canadian Press | Posted 04.08.2015 | Canada Business

TORONTO - The Canadian dollar is up and U.S. index futures are negative following disappointing jobs numbers from the United States. The American d...

What Oil Price Collapse? Canadian Profits At 27-Year High

CP | The Canadian Press | Posted 03.31.2015 | Canada Business

TORONTO - CIBC World Markets says corporate profit margins hit a 27-year high in the fourth quarter and are likely to remain strong despite the recent...

It's Getting Harder To Be A 'Dollar' Store

CP | Ross Marowits, The Canadian Press | Posted 05.25.2015 | Canada Business

MONTREAL - Dollarama says it could eventually introduce products priced above $3 as it raises prices in the face of a low Canadian dollar."We'll hold ...

Falling Loonie Will Eat Up Your Gas Savings

The Huffington Post Canada | Daniel Tencer | Posted 03.24.2015 | Canada Business

Canadians to save $800 on energy, dish out extra $600 on imports Unemployment to jump to 7 per cent Canadian consumers are seeing noticeab...

How Canada Becoming an RMB Hub Helps Our Companies

Peter Hall | Posted 05.19.2015 | Canada Business
Peter Hall

On Monday the renminbi (RMB -- Chinese currency) will step into Canada with the inauguration of the only RMB hub in the Americas. We know in Canada it will be greeted with fanfare, but what is less certain is whether or not Canadian exporters and international investors will take action once the celebration ends. Should they?

LOOK: Loonie 'Caught In Landslide'

The Huffington Post Canada | Zi-Ann Lum | Posted 03.12.2015 | Canada Business

The loonie could hit its lowest point in more than a decade.

Should Canadians Be Worried About the Weak Loonie?

Peter Hall | Posted 05.11.2015 | Canada Business
Peter Hall

A weaker Canadian dollar poses a threat to imported inputs to Canada's production machine, and to future Canadian investments abroad. But the soaring U.S. dollar isn't the only currency in play. Movements in other currencies are less dramatic. Perhaps this is an opportunity to scan the globe both for inputs to our production process and for direct investment undertakings in less-traditional markets.

Just How Low Can It Go?

The Huffington Post Canada | Sunny Freeman | Posted 03.06.2015 | Canada Business

Canadians travelling abroad might be in for more bad news.

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 04.22.2015 | 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 04.12.2015 | 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 04.05.2015 | 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 04.01.2015 | 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 03.28.2015 | 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

Vacay.ca | Posted 03.24.2015 | Canada Travel
Vacay.ca

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 03.23.2015 | 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...