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Canadian dollar News

Canadian dollar rebounds after hitting eight-month low

The Canadian dollar showed signs of some strengthening on Tuesday after slipping to an eight-month low of 76.92 US cents in mid-afternoon trading on Monday.

Canada's economy grew less than expected in last half of 2017

Ottawa - Canada's economy slowed down in the fourth quarter of 2017, bringing to an end the surge in growth seen in the first half of last year, signaling the economy is settling into a growth path that is closer to potential.

Canadian dollar drops below 70 cents U.S., some happy, others not

For the first time in 13 years the Canadian dollar fell below the 70 cent U.S. mark on Tuesday. The country's dollar is falling right alongside world oil prices, which dropped to below $30 a barrel, also on Tuesday.

Canadian dollar weighs heavy on FlightHub’s travel destinations Commissioned

Canadian online travel agency FlightHub is seeing the effects of the weakening Canadian dollar on its U.S. travel numbers.

U.S. retailers invasion of Canada stirs competition

Canadian retailers, already hurting from diminished sales, will soon have to compete with six additional large U.S. retail chains looking to expand their customer base in Canada.

Canadian economy slips on dismal retail report

Ottawa - Early last year the Canadian government and the Conference Board of Canada forecast with loquacious swagger a strong performance for the 2012 Canadian economy - which was exactly wrong.

Is the US Dollar at risk?

Is it now a good time to start dumping the US dollar? Although it's the primary dollar security, it may be wise to reserve other currencies.

Last word from Iceland: Loonies will not fly

Iceland has decided to put an end to rumours of its flirtatious relationship with Canadian money. The affair is officially over, and the island is already giving the eye to Europe.

Canadian dollar goes briefly above parity with U.S. dollar

Toronto - In midmorning trading, the Canadian loonie exceeded parity with the United States dollar for the first time since July 2008. Rising oil prices is said to have contributed to the American dollar's decline.

Canadian loonie within a hair of parity with U.S. dollar

Toronto - As commodities rose, the Canadian loonie was within an inch of parity with the United States dollar on Monday when it hit 99.7 cents U.S. in the mid-afternoon trading session.

Canadian dollar inches toward parity with U.S., reaches 99 cents

Toronto - The Canadian dollar went above 99 cents today before dropping back but it is still continuing to chase parity with the troubled United States dollar.

Canadian Dollar to soar above parity with U.S. Dollar this year

Toronto - As the Canadian Loonie continues to climb over the latest several trading sessions, financial experts believe the Canadian Dollar could soar above parity to the United States Dollar.

Canadian Dollar Takes Deep Dive

The Canadian dollar experienced its largest single day drop in nearly 46 years. The loonie fell 2.6 cents against the United States dollar as a bleak global economic outlook also shoved down commodity prices.

Cross-Border Shopping Causing Serious Shipping Delays

Canada’s Border Service Agency and Canada Post cite major delays in parcel shipments as consumers have massively opted to shop online, to take advantage of their new buying power. Retail prices still delay reflecting the new strength of the loonie.

Retailers Need to Bring Down Prices Says Finance Minister

As Canada’s Finance minister is asking retailers to re-evaluate their prices to reflect the strong Canadian dollar, the currency plunged a couple of cents after Bank of Canada governor David Dodge claimed there was no good reason for the sudden hike.

Stronger Canadian Dollar Value Means More Vacationing In USA

Now that the Canadian dollar is worth almost as much as the USA dollar more Canadians are travelling to the USA for their vacation times, even despite the long wait at border crossings.
 

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