Bank of Canada Governor Mark Carney recently rejected the notion that the Canadian dollar was nothing more than a "petro-dollar" relying entirely on the global price of oil to backstop its value.

"It is far too simplistic to talk about the Canadian dollar as a commodity currency, let alone a...

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF...

Now that the holiday parties have wound down and everyone is settling back into their normal routines, let's take a look at the year ahead for Canada. While many will be more than happy to close the books on 2011, simply flipping the calendar over to a new year does...

On Friday, Statistics Canada reported that the Canadian economy created an impressive 61,000 new jobs in September. The result was sufficiently positive to trim the unemployment rate to a three-year low of 7.1 per cent.

For many, the news was seen as a sign that after two months...

On Wednesday, the Bank of Montreal released an advisory suggesting the Canadian dollar could fall to 93 cents U.S. within the next three to six months. According to BMO, the dollar will continue to depreciate on weaker global commodity prices expected to persist over the next two quarters.

The ongoing market turmoil has wiped out billions in market valuations in less than a week. Also caught up in the wake of the sell-off has been the Canadian dollar. How bad has it been for the loonie? Since the end of July the loonie has lost five per cent...

The Canadian housing market has "lost touch with fundamentals" according to a report by research firm Capital Economics. In the report released on June 29, the authors suggest that the Canadian housing sector has become an asset bubble nearing the point of bursting. The prediction is for a 25 per...

Canada's inflation rate rose by an annualized 3.7 per cent in May. This exceeds the Bank of Canada's 2 per cent annual inflation target by a wide margin and means an interest rate hike could be back on the Bank's agenda. A closer look at the...

In a 1969 address delivered to members of the Press Club in Washington, D.C., Canadian Prime Minister Pierre Trudeau described living next to the United States as akin to sleeping with an elephant: "No matter how friendly and even-tempered is the beast... one is affected by every twitch and grunt."