Canada Loonie

Bounceback: Toronto, U.S. Markets Soar At Open

CP | Posted 08.25.2015 | Canada Business

TORONTO — The Toronto Stock Exchange's main index was showing a triple-digit gain in early trading Tuesday as markets around the world rebounded fro...

China's Crash An Opportunity To 'Reset' Canada's Commodity Economy

CBC | Posted 08.25.2015 | Canada Business

China's staggering economic growth has been, in many ways, a boon for Canada.   Put simply, China need lots of the things we have to offer like wo...

Loonie Hits 11-Year Low As China Crashes, Oil Slides

The Huffington Post Canada | Daniel Tencer | Posted 08.24.2015 | Canada Business

The Canadian dollar hit an 11-year low Monday as oil prices fell more than 6 per cent and global markets tanked in the wake of China’s stock rout. ...

Dow, TSX In Massive Selloff After China's 'Black Monday'

CP/HuffPost Canada | Posted 08.24.2015 | Canada Business

TORONTO — The Dow Jones Industrial Average plunged 1,000 points and the Toronto Stock Exchange fell by more than 750 points points at market open on...

Oil Prices Crash, Loonie Tumbles After China's Shock Currency Move

CP | Brian McKenna, The Canadian Press | Posted 08.11.2015 | Canada Business

TORONTO — A surprise move by China to devaluate its currency sent North American markets into a tailspin Tuesday, with both Toronto and New York rec...

Why The Loonie's Decline Could Mean A ‘Landslide' Against Harper

The Huffington Post Canada | Daniel Tencer | Posted 08.10.2015 | Canada Business

The Canadian dollar has been trading near 11-year lows of around 76 or 77 cents U.S. over the past couple weeks, and while that may seem to be a margi...

Canadian Dollar Near 11-Year Low

CP | The Canadian Press | Posted 08.04.2015 | Canada Business

The loonie traded at 76.23 cents US, down 0.22 cent of a U.S. cent from Friday's close.

Lowest Point In More Than A Decade

CP | The Canadian Press | Posted 07.23.2015 | Canada Business

TORONTO — The Canadian dollar dropped to levels not seen in more than a decade as the price of oil and gold both came under pressure.The loonie was ...

Lower Loonie Great For Visitors

CBC | Posted 07.18.2015 | Canada Business

Visitors to Canada this summer are enjoying more than just the Pan Am Games in Toronto, other urban hotspots or the natural beauty of the country. Man...

Loonie Plunges To 6-Year Low

CP | Peter Henderson, The Canadian Press | Posted 07.15.2015 | Canada Business

TORONTO - The Canadian dollar fell to its lowest level in more than six years on Wednesday after the Bank of Canada cut its key interest rate and lowe...

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 ‘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 06.20.2015 | 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 06.06.2015 | 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 05.31.2015 | 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.