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Canadian dollar News

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.

In the Media by André R. Gignac - 1 comment

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.

In the Media by Andrew Moran - 2 comments

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.

In the Media by Andrew Moran

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.

In the Media by Andrew Moran - 2 comments

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.

In the Media by Andrew Moran - 3 comments

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.

In the Media by Bob Ewing - 3 comments

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.

In the Media by Nathalie Caron - 4 comments

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.

In the Media by Nathalie Caron - 3 comments

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.

In the Media by Laura Trowbridge - 8 comments

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Canadian dollar Headlines

Dollar slips despite gains in commodities

The Canadian dollar sllipped Wednesday, despite a lift in commodity prices.

Dollar nears parity

The Canadian dollar traded at parity for much of Thursday, before giving back some of its gains to close at 99.83 US, up 0.18 of a cent from Wednesday's close.

U.S. tourism ad garnering attention in Canada

A new multi-million dollar advertising campaign aimed at encouraging Canadians to spend their tourism dollars down south is raising concerns in the north.

TSX, dollar, gain as Bernanke affirms low rates

The Toronto stock market and the Canadian dollar headed higher Monday, reassured by remarks from the U.S. Federal Reserve and positive news from Europe.

Loonie tops 99 cents US