TORONTO - Even as Canada gained an 11th-hour reprieve from U.S. plans to impose punishing tariffs on its goods, the loonie had earlier in the day dipped to its lowest levels in more than 20 years ...
The threat of a 25 per cent tariff on Canadian imports as soon as next month — made by U.S. President Donald Trump after his inauguration this week — has Wall Street currency-watchers forecasting ...
“Things changed so drastically. The Canadian dollar is not at par with the U.S. dollar,” she said. “That was behind our major decision to sell.” Other reasons played a role too — higher ...
TORONTO - Canada’s main stock index closed down nearly 300 points while the loonie fell to its lowest level in more than two decades as Canadian exports to the United States face sweeping ...
Canada’s loonie (CAD) traded at .6939 U.S. this morning, the lowest since January 2003. Part of the weakness comes from the Canadian overnight rate at 3.25%, which is expected to be cut to 3% on ...
“There’s a consequence on our costs if the Canadian dollar weakens … we’re feeling that pressure.” The company tries to buy Canadian and local as much as it can, he said, “but there ...
The Canadian dollar continued to climb on Friday after closing above 70 cents U.S. on Thursday for the first time since December, as its counterpart in the United States slid on “tariff fatigue.” The ...
That has made buying stocks in gold miners a jackpot trade as the so-called loonie is expected to fall further. If the Bank of Canada cuts interest rates by 25 basis points on Wednesday ...
Of course, it’s impossible to predict the loonie’s next move. For that, you’d need to know if Trump is serious about imposing tariffs on Canadian goods. In any case, I think there are ...
Investors are piling into hedges against a weaker Canadian dollar at a historic pace, seeking shelter from the impact of possible US tariffs, according to JPMorgan Chase & Co. The threat of a 25% ...
The Canadian Dollar eked out a new eight-week peak on Wednesday. Economic data out of Canada remains thin, Greenback market flows dominate. Investors are recovering from a fresh spark in US ...
Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its ...
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