Loonie News
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Toronto -
In this day and age of advanced mobile phones, are payphones becoming obsolete? Despite the outlook, Bell Canada and Bell Aliant are seeking to double the cost of local payphone use from 50 cents to $1.
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The Canadian loonie's climb to parity with the US dollar should hold steady throughout the rest of 2010 but experts predict that it is vulnerable to a pullback before spring.
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Toronto -
In the early morning trading session, the Canadian loonie rose as high as 1.0014 cents U.S. before contracting to 99.67 cents U.S. and it's expected the Canadian dollar will remain at parity as the U.S. dollar devalues.
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The uncertainty surrounding global economic conditions is being balked for the sinking loonie as the Canadian dollar fell below 80 cents U.S.
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The Loonie is being pulled down by falling world markets and declining oil prices and is trading below 80 cents U.S. today.
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The loonie is taking a dive and is hitting a 15 month low; economic data suggesting Canada's economy is crawling blamed.
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The Loonie is on another upward spiral against the United States dollar. Opening Monday at 100.05 it jumped slightly from Friday's closing rate. As the U.S. dollar loses value the Canadian dollar gains.
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Job losses, according to Statistic Canada in December for the first time in seven months did not effect the unemployment rate which remained at 5.9 per cent. The loonie took a slight drop.
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If you were planning on cashing in on the American dollar when it bounces back hopefully you've already grabbed your fist full of greenbacks. The Loonie closed neck and neck with the United States dollar on Friday.
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Canada's international travel deficit climbed to its highest level ever in the third quarter of 2007, as spending by Canadians in the United States reached record levels. Cross-border shopping, due to high loonie, drove up the deficit.
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Loonie Headlines
 As Icelanders toy with the idea of ditching the tarnished krona, one of the intriguing suggestions being floated there is that it should consider adopting the Canadian loonie.
 Lighter loonies and toonies are creating problems for those who use coin-operated machines, including municipalities which must upgrade their equipment to accept the new coins.
 Currency analysts say the Canadian dollar will likely continue to rally following the Bank of Canada's recent shift to a more hawkish tone. The loonie traded above $1.02 US for the first time since last September.
 The Canadian dollar closed lower Monday as China cut its growth target to the lowest level in eight years.
 Home appliance-maker Mabe Canada is slashing 700 jobs in Montreal, blaming the high-flying loonie for its woes.
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