Loonie Forecast

CP

Loonie Price Rises After GDP Update

TORONTO - The Canadian dollar edged higher Tuesday following the latest GDP figures that signalled that Canada's economy may be doing better than many believed. The loonie gained 0.05 a cent to 85.98...
CP

Further To Fall...

MONTREAL - Canadian investors who have yet to diversify into the U.S. market still have time, according to investment specialists who predict a further decline in the value of the loonie against the A...
CP

Loonie Falters on Volatile Commodity Prices

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.