Canada Currency

4 Reasons Why Canada Lost The Penny Permanently

Brett Caron | Posted 02.13.2017 | Canada
Brett Caron

At the time they were phased out, pennies cost the Canadian Mint 1.6 cents to produce. Doesn't make much cents, does it? Getting rid of them ended up saving taxpayers up to $11 million a year, which is advantageous.

'Canada's Rosa Parks' Unveiled As 1st Canadian Woman On A Banknote

CP | The Canadian Press | Posted 12.08.2016 | Canada Business

"She represents courage, strength and determination."

The Future Of Canadian Currency May Be Digital

David Leonhardt | Posted 04.26.2016 | Canada Business
David Leonhardt

Electronic money, or e-money, has arrived. It can be transferred through smart phone, tablet, computer, or other ways. This way, people can make quick payments with their phones -- even in physical settings like the grocery store. Will cards be replaced by e-money, the way cash has been mostly replaced by cash?

It's Still Worth Investing The Falling Canadian Loonie Abroad

Darren Sissons | Posted 12.16.2016 | Canada Business
Darren Sissons

While a Canadian dollar spent might only get you 70 cents (or less) of a U.S. stock, that stock's potential return over the long haul will likely more than offset its higher sticker price -- not to mention help you diversify your portfolio out of Canadian-only investments.

The Problem With Diversifying Your Investments In Canada

Norman Levine | Posted 12.03.2016 | Canada Business
Norman Levine

The problem, as most in the Canadian investment community know all too well, is that true diversification -- not only being in different types of investments beyond stocks and bonds but true diversification among sectors, companies and even geography -- is a tall task in the Great White North.

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.

Here's What Falling Oil Prices And A Weak Loonie Mean For Businesses

Andrea E. Bolger | Posted 04.20.2015 | Canada Business
Andrea E. Bolger

These factors have brought hard times to some industries and uncertainty about the impacts to the Canadian economy as the whole. While uncertainty is never comfortable, it can present some opportunities and challenges depending on your situation or sector. Here are three to watch for the rest of the year.

Which Women Would You Like To See On Canadian Bills?

The Huffington Post Canada | Jesse Ferreras | Posted 11.04.2014 | Canada Business

In 2011, the Bank of Canada nixed plans to display images of prominent female activists on a new $50 bill. It had initially planned to depict the ...

Loonie Takes Flight

CP | Malcolm Morrison, The Canadian Press | Posted 10.28.2014 | Canada Business

TORONTO - The Canadian dollar closed slightly higher Thursday as Canada's current account deficit improved slightly in the second quarter.The loonie g...

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...

Next Time, OK?

CP | Julian Beltrame, The Canadian Press | Posted 01.23.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz says he is "absolutely open" to the idea of putting an identifiable woman back on Canada's currency, bu...

Canada's Banks Used to Be Strong and Free

Alex Vronces | Posted 08.31.2013 | Canada Business
Alex Vronces

Canada's banks stayed afloat during the Great Recession without a real need for the taxpayer's life jacket, whereas American banks either sank or needed the taxpayer's life boat. But what is less known about our financial system is that its merits go beyond its resolve over the last decade.

Should We Be Worried About Bitcoin?

Samuel Mosonyi | Posted 06.24.2013 | Canada Business
Samuel Mosonyi

Is there an anonymous, free, and untrackable virtual currency currently making its sweep across the World Wide Web? It is not quite that simple, but Bitcoin is poised to become the next big thing in computing and finance.

Loonie Vulnerable To Currency War: Carney

CP | Julian Beltrame, The Canadian Press | Posted 04.14.2013 | Canada Business

OTTAWA - Bank of Canada governor Mark Carney is warning that the Canadian economy would be damaged by a global currency war and that it would do littl...

Gay Marriage, Black Hockey Player Currency Images Nixed: Report

CP | Dean Beeby, The Canadian Press | Posted 04.12.2013 | Canada Business

OTTAWA - The Bank of Canada considered celebrating gay marriages, black hockey players, and turban-wearing RCMP officers on its new plastic bank notes...

So Long Carney, Canada Will Miss You

Christopher Sands | Posted 01.26.2013 | Canada Business
Christopher Sands

Governor of the Bank of Canada Mark Carney has been selected as the next Governor of the Bank of England, a bold move by one of the world's oldest central banks. His term at the head of the Bank of Canada was due to end in 2015, and so the move is surprising for many Canadians.

Canada's Fantastic Plastic Cash

CP | The Canadian Press | Posted 05.26.2012 | Canada Business

QUEBEC - The new Canadian $50 bill unveiled Monday contains a few changes in addition to the state-of-the-art plastic material introduced as part of C...

Ooh La La! Hidden Symbols In Canada's Dirty, Sexy Money

CP | Steve Rennie, The Canadian Press | Posted 12.24.2011 | Canada

OTTAWA - Canada's new plastic money may give you a little more bang for your buck.New documents show a focus group mistook a strand of DNA on the $100...

Loonie Edges Higher, Greenback Slides

CP | Posted 10.05.2011 | Canada

TORONTO - The Canadian dollar closed higher Friday as the greenback weakened somewhat following a report that the Italian government is taking more me...

Loonie Hits 44-Month High

The Canadian Press | Posted 09.20.2011 | Canada Business

TORONTO - The Canadian dollar surged to a three-and-a-half year high Thursday as the Bank of Canada prepared markets for an eventual hike in interest ...