Posted March 19, 2019
The loonie may sink back to its record low $0.62 as the country retrenches from a consumer-spending boom into the face of a slowing global economy, warns former Bank of Canada advisor David Wolf. Continue Reading
Posted November 29, 2018
The Canadian dollar rallied to hit 75.40 U.S. cents yesterday, following comments from Fed Chairman Jerome Powell suggesting that the central bank may be nearing an end to its interest rate hikes. Continue Reading
Posted August 29, 2018
The loonie has weakened about 3.1% this year versus the greenback, but some traders see stability ahead for the Canadian currency despite the shifting interest-rate outlook and trade developments. Continue Reading
Posted August 08, 2018
Under Economic Issues, International Trade Issues, Other Government Departments-Agencies
As it continues to express rage at being rebuked over the jailing of two women’s rights activists, Saudi Arabia has begun selling off its Canadian assets while also halting any future purchases of grains. Continue Reading
Posted July 11, 2018
Canada’s central bank is widely expected to raise its benchmark interest rate to 1.5% today, thanks to stronger economic data, even as the country faces a number of significant trade-related uncertainties. Continue Reading
Posted June 20, 2018
The Canadian dollar dropped to the lowest point in a year, weighed down by a host of factors such as prolonged uncertainty around the renegotiation of NAFTA and Trump’s escalation of global trade tensions. Continue Reading
