Parity party
Once again the dollar is flirting with parity, and once again everyone is very excited about it. Why? Objectively, there is no more significance to the dollar being worth US100 cents than any other...
View ArticleThe latest in world-needs-more-Canada news (Nordic dep’t)
I learn from a sister publication that a handful of economists in Iceland is recommending that the volcanic statelet adopt the Canadian dollar. News from Iceland is always of special interest in...
View ArticleLoonie up amid positive Chinese trade report, early release of Fed minutes
TORONTO – The Canadian dollar was higher Wednesday as risk appetite improved amid a pleasant surprise from the latest Chinese trade data. Traders also took in another surprise — the early release of...
View ArticleBen Bernanke issues ‘clarification’ after speech causes market panic
U.S. Federal Reserve chairman Ben Bernanke could be forgiven for assuming his latest speech would be taken as a sign of good news. Instead, his forecast of a gradual recovery in the U.S. economy sent...
View ArticleIs the falling Canadian dollar good or bad for the economy?
Brent Lewin/Bloomberg via Getty Images The Canadian dollar has had a rough time of it lately. The loonie has fallen by about five per cent in just over two months, reaching its lowest level since...
View ArticleCanadian dollar will fall to 85 cents this year: TD Economics
TORONTO – Watch for the loonie to lose more of its luster this year, according to two well-known bank economists. Craig Alexander, chief economist for TD Economics, warned Thursday that consumers could...
View ArticleThe truth about where the Canadian dollar is headed
Brent Lewin/Bloomberg via Getty Images The Canadian dollar fell from 97 cents US to below 89 cents US in the weeks following the Bank of Canada’s decision to shift its monetary policy stance away from...
View ArticleCould an independent Quebec use the loonie?
(Paul Chiasson/THE CANADIAN PRESS The Quebec election and the perceived likelihood of a majority Parti Québécois government has provoked much talk of the prospect of another referendum on independence....
View ArticleWorried about gas prices? Blame the Canadian Dollar
For much of 2012 and 2013, there was collective hand-wringing over the value of the Canadian dollar and the potential impacts of a high dollar on export industries. Since then, likely for a variety of...
View ArticleJust how indebted are Canadian households?
Top of the Morning The Globe and Mail’s Jeffrey Jones and Jeff Lewis write that declining demand and the ensuing dip in oil prices may reduce the growth prospects for Canadian oil companies, which...
View ArticleCanadian home prices keep going through the roof
Top of the Morning In Project Syndicate, Nobel prize-winning economist Robert Shiller reminds us why economic growth is so important, drawing comparisons between the modern day and the world in 1937:...
View ArticleWill Stephen Poloz finally ‘talk down’ the loonie?
Top of the Morning Robert Cyran of Reuters Breakingviews writes that investors’ enthusiasm for M&A has been excessive and bucks the historical trend: Cognizant Technology Solutions may have good...
View ArticleThe loonie is in free-fall
Top of the Morning Natural gas might be the new oil, writes The Globe and Mail’s Jeffrey Jones: There’s no mauling yet, but beware: Bears are eyeing the natural gas market. Last winter, they...
View ArticleThe loonie, oil’s crash, and why this isn’t anything like 2008
Bank of Canada governor Stephen Poloz, a master of the econo-metaphor, has described the relationship between the Canadian dollar and oil in many colourful ways—as oil drops, the impact on the terms of...
View ArticleWhy Canada’s sluggish economy spells trouble for the U.S.
A “Made In The USA” sticker is seen on a box containing Hammer Strength weightlifting equipment at the Life Fitness manufacturing facility in Falmouth, Kentucky, U.S.(Luke Sharrett/Bloomberg/Getty...
View ArticleLoonie plunges below 72 cents US for first time since May 2004
TORONTO – Lagging commodity prices and an interest rate hike south of the border have sent the loonie plunging below 72 cents US for the first time since May 2004, extending the Canadian currency’s...
View ArticleLoonie falls to lowest level since 2003 as oil slides
(Jonathan Hayward/CP) TORONTO — The Canadian dollar ended the day at its lowest point in more than 12 years on Wednesday as worries over global economic growth continued to roil equity markets...
View ArticleLoonie hovers above 70-cent U.S. mark
TORONTO – The rapidly falling price of oil dragged down Toronto’s stock market on Monday amid lingering worries for the country’s economic outlook this year. The S&P/TSX composite index, which has...
View ArticleLoonie closes below 70 cents U.S. for first time in nearly 13 years
TORONTO – The Canadian dollar has closed below 70 cents U.S. for the first time in nearly 13 years while the Toronto stock market registered another triple-digit loss. The loonie finished the day at...
View ArticleCrude prices crack above US$50 per barrel, strengthens Canadian dollar
Pumpjacks at work pumping crude oil near Halkirk, Alta. THE CANADIAN PRESS/Larry MacDougal TORONTO – Oil popped above US$50 a barrel in Thursday morning trading, lending support to the Canadian dollar...
View ArticleCanadian dollar gaining strength, flirts with 78 cents US
TORONTO — The loonie flirted with 78 cents US for the first time in nearly two months, but lost some of its strength after the release of economic data on both sides of the border. The Canadian dollar...
View ArticleThe Canadian dollar has taken a beating, and with good reason
(Shutterstock) Canada likes to associate itself with fellow members of the Group of Seven, the club of post-war economic powers that includes the United States and Germany. Currency traders couldn’t...
View ArticleWhy the loonie shot higher. And what it means for you
(iStock) Currency traders sure are a twitchy bunch. A couple of months ago, they were selling Canadian dollars faster than Tanzanian shillings. Suddenly, they fell back in love with the loonie....
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