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Canadian Dollar

TD Bank: Loonie Is Coming Down

CP | Julian Beltrame, The Canadian Press | Posted 05.09.2013 | Canada Business

OTTAWA - The shine is about the come off the Canadian dollar.TD Bank says in a new forecast the loonie, which has been hovering around parity with the...

Loonie Climbs On Strong Overseas News

CP | Linda Nguyen, The Canadian Press | Posted 05.07.2013 | Canada Business

TORONTO - The Canadian dollar lifted Tuesday after Australia announced it was slashing its interest rate by a quarter percentage point.The loonie clim...

Bets Against Canada's Economy Reach A Frenzy

The Huffington Post Canada | Daniel Tencer | Posted 04.29.2013 | Canada Business

Global investors are turning against Canada’s economy, placing some of the largest bets on record that the country’s housing market, financial sec...

Ottawa Should Say No to the Global Currency Casino

Peter Spiro | Posted 04.24.2013 | Canada Business
Peter Spiro

The public has some say in whether to build that casino, but nobody asks Canadians if they want to participate in the much larger casino of the global currency market. If you are unemployed, you are likely one of the losers from this giant virtual casino of international currency trading.

Signs Points To A Big Drop In The Loonie

CBC | Posted 04.22.2013 | Canada Business

Investors are betting against the Canadian dollar in record numbers, as the number of people holding short positions against the loonie has hit an all...

Loonie, TSX, Commodities Tumble As News Rolls In Of Boston Blasts

Posted 04.15.2013 | Canada Business

UPDATE: The Canadian dollar tumbled more than a cent and the S&/TSX composite index lost more than 300 points on a day when economic data was leaving ...

Loonie Drops Sharply Amid Mass Sell-Off

CP | Malcolm Morrison, The Canadian Press | Posted 04.15.2013 | Canada Business

UPDATE: Resource stocks led the way to a sharply lower session on the Toronto stock market as commodity prices tumbled Monday in the wake of data show...

Loonie Dives On Bad Economic News

CP | Malcolm Morrison, The Canadian Press | Posted 04.05.2013 | Canada Business

TORONTO - The Canadian dollar was lower Friday but well off the worst levels of the session as job creation numbers for Canada and the United States m...

Japan Unleashes World's Mightiest Stimulus Plan

CP | Malcolm Morrison, The Canadian Press | Posted 04.04.2013 | Canada Business

TORONTO - The Toronto stock market closed lower for a third session Thursday as further weak employment data raised worries about slowing U.S. economi...

Loonie's Soaring Days Are Over: RBC

CP | Julian Beltrame, The Canadian Press | Posted 05.19.2013 | Canada Business

OTTAWA - Canada's largest bank is forecasting the economy will do slightly better than most expect in the next two years, and one reason why is that t...

Creative Canucks Preserve Pennies

CP | Michelle McQuigge, The Canadian Press | Posted 04.05.2013 | Canada Business

OTTAWA - The Canadian penny took another step Monday on what could be a long road to extinction, with businesses given the ultimate short-term power o...

Loonie Falls Below Parity

CP | Malcolm Morrison, The Canadian Press | Posted 03.26.2013 | Canada Business

TORONTO - The Canadian dollar closed below parity with the greenback for the first time in more than two months Thursday in the wake of the Bank of Ca...

Loonie Lower On Debt Ceiling Concerns

CP | Malcolm Morrison, The Canadian Press | Posted 03.17.2013 | Canada Business

TORONTO - Canada's commodity-sensitive dollar closed slightly lower Tuesday as a stronger U.S. greenback pressured prices for oil and copper.The looni...

Does the Loonie Trump the Greenback Yet?

Peter Hall | Posted 01.23.2013 | Canada Business
Peter Hall

Mention exchange rates and most Canadians will immediately assume U.S. dollars. With most of our trade still denominated in USD, the fixation is natural. China is seen by many as an upcoming reserve currency, but that day is still a long way off. On both Canadian and world stages, the greenback still takes the lead role. But as we move into the next growth cycle, others will play increasingly significant supporting roles.

Loonie Rises On Good U.S. Outlook

CP | Malcolm Morrison, The Canadian Press | Posted 01.14.2013 | Canada Business

TORONTO - The Canadian dollar extended a string of losses Wednesday as worries increased about whether there can be a quick resolution to the looming ...

Rate Decision Boosts Loonie

CP | Malcolm Morrison, The Canadian Press | Posted 12.23.2012 | Canada Business

TORONTO - The Canadian dollar closed little changed Tuesday as the Bank of Canada said it was keeping its key rate unchanged at one per cent while kee...

More Canadians Are Debt-Free, But Is It Good News?

CP | The Canadian Press | Posted 12.10.2012 | Canada Business

TORONTO - A new poll suggests more Canadians are living debt free this year compared to 2011.The annual RBC survey found that 26 per cent of responden...

Don't Worry: The Loonie Is Up Amid Global Finance Worries

CP | Malcolm Morrison, The Canadian Press | Posted 12.10.2012 | Canada Business

TORONTO - The Canadian dollar closed lower Wednesday with traders generally avoiding riskier assets in the wake of reduced economic growth expectation...

Loonie Soars

CP | Malcolm Morrison, The Canadian Press | Posted 11.10.2012 | Canada Business

TORONTO - The Canadian dollar closed Monday at a one-year high against the U.S. currency, partly because Canada is increasingly viewed as one of the f...

Loonie Bounces Back To Parity

CP | David Friend, The Canadian Press | Posted 10.03.2012 | Canada Business

TORONTO - The Canadian dollar flirted with parity, but closed below the mark on Friday as commodities moved higher on U.S. jobs data that was better t...

25 Years Later, Loonie Proves To Be A Canadian Icon

The Huffington Post Canada | Daniel Tencer | Posted 06.29.2012 | Canada Business

June 30, 2012, marks 25 years since Canada ditched its one-dollar bill in favour of a gold-coloured coin. And while the move was somewhat controver...

Slow Retail Growth Causes Loonie To Drop

CP | David Friend, The Canadian Press | Posted 08.18.2012 | Canada Business

TORONTO - The Canadian dollar moved lower Monday as commodity prices weakened and expectations for economic data due later this week remained soft.The...

Loonie Jumps On Good News From Europe

CP | Malcolm Morrison, The Canadian Press | Posted 08.11.2012 | Canada Business

TORONTO - The Canadian dollar closed lower Monday as early relief that Spain was getting a bailout for its banking sector faded.The commodity-sensitiv...

If it's Dutch Disease, Mulcair, Then Harper has the Cure

David Frum | Posted 07.27.2012 | Canada
David Frum

Thomas Mulcair has taken a deserved media beating over his "Dutch disease" remarks. He's been criticized for bad economics and divisive politics. He's been compelled to travel out West and meet the angry premiers. Not a good month for a new party leader.

Good News On Jobs Could Be Bad News For Mortgage Holders

CP | Malcolm Morrison, The Canadian Press | Posted 07.11.2012 | Canada Business

TORONTO - The Canadian dollar was higher Friday morning following the release of much better than expected job creation data for April.The currency sh...