The Canadian Loonie is at a 4 year low against the US greenback, closing Monday at its lowest level since September 2004. The struggling global economy, dropping oil and metal prices, and tightening credit...
created by Tina Kells | 1 year ago | updated 1 year ago 72 views | 0 recommendations | 0 comments
Less than a year after it hit a historic high, the Canadian dollar fell below 80 cents US. In November of 2007, the Canadian loonie went up to $1.10."The Canadian dollar continued to retreat on Wednesday as it...
So the traders just brought the Canadian dollar right up to the edge of the magic line, and backed off. Check out the graph below. (You'll have to scroll down - waaay down.)
"An artist's reconstruction shows Gansus yumenensis in a lake in China's Gansu province. The bird probably had the ability to dive and swim underwater, much like modern loons or grebes. Illustration by Mark A. Klingler, courtesy of the Carnegie Museum of Natural History."
created by plawiuk | 3 years ago 535 views | 0 recommendations | 0 comments
"Seven rate hikes and of course David Dodge and the Bank of Canada do it again. Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/4 per cent "
created by plawiuk | 3 years ago 478 views | 0 recommendations | 0 comments
"Anyday now we will be hearing the manufacturing lobby spokesperson, former Mulroney Cabinet Minister, Warren Perrin and the Council of Canadian CEO's along with their earstwhile ally in the Canadian Auto Workers Jim Stanford starting to decry the high Canadian dollar."
created by plawiuk | 3 years ago 370 views | 0 recommendations | 0 comments
"The Editorial in yesterdays Edmonton Sun was a piece of fiscal fiction. Pulp fiction reads better, and the supermarket tabloids are more reliable on economics. Really they claim that the loonie is doing well because we elected a Conservative government."
created by plawiuk | 3 years ago 300 views | 0 recommendations | 0 comments
"It looks like David Dodge head of the Bank of Canada is stuck back in the eighties when thanks to constant high interest rates the Canadian economy flatened out. Now with the Loonie replacing the pound as the Petro Dollar our economy is booming, and once again Dodge is...
created by plawiuk | 3 years ago 324 views | 0 recommendations | 0 comments
"New York at the Bank of Montreal . ``The interest rate differential will remain where it is.'' Canada's central will set rates next on March 7, while the Fed meets next to decide on"
created by Ben | 3 years ago 295 views | 0 recommendations | 0 comments