Loonie Price

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...

Is the Loonie Really Losing it?

Stable is not a word that can be used to describe much in today's economy. A notable exception is the Canadian dollar. The loonie has soared in a reasonably tight range around parity with the U.S. dollar for 3 years now. Although exporters would prefer a lower level, the stability has made activity and cash flows somewhat more predictable. Now, the loonie is losing some loft; what's happening?