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One good thing the low loonie is doing for Canada.
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.
Canadians travelling abroad might be in for more bad news.
OTTAWA - The weak loonie will almost certainly do more harm than good to the Canadian economy, argues a paper from a respected former Statistics Canada analyst that stands on its head conventional wis...
Finance Minister Jim Flaherty says leaders of the advanced economies should tone down their words when it comes to competitive currency devaluation. "I am concerned with the escalation of 'currency w...
TORONTO - The Canadian dollar closed higher Tuesday amid rising commodities and a warning from the Group of Seven leading industrial nations that volatile movements in exchange rates can adversely aff...
TORONTO - The Canadian dollar extended a string of losses Wednesday as worries increased about whether there can be a quick resolution to the looming U.S. "fiscal cliff."The currency was down 0.19 of...
TORONTO - The Canadian dollar closed more than a cent lower Wednesday as investors, nervous about the state of Italy's economy, sold off risk and bought into the perceived safe haven of U.S. Treasury...
In its last statement, the Bank of Canada advised that an interest rate hike later this year was likely, but this may now be on hold given the recent turn of events. Indeed, some quarters are even suggesting that the Bank of Canada may be forced to lower rates, although this seems like a long shot.