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All signs point to downside ahead for the loonie. “The Canadian dollar is still mispriced,” says Benjamin Tal, deputy chief economist at CIBC World Markets, in a weekly economics report. “Too many factors are pointing in unison to one direction: a lower loonie.” Read: What’s next for economy and loonie First off, he notes the […]

  • By: Staff
  • October 27, 2017 August 21, 2018
  • 16:15

Here’s what to watch this week in the economy, both at home and abroad. Bank of Canada speech. Governor Stephen Poloz speaks on Wednesday in St. John’s, Newfoundland. His topic, “The meaning of data dependence: An economic progress report,” suggests he’ll provide insight on criteria for further rate hikes and their timing. Read: Inflation inches […]

  • By: Staff
  • September 25, 2017 August 21, 2018
  • 10:23

The Federal Reserve’s firm statement last week that a December rate hike remains on the table wasn’t good news for the loonie, which had reached US$0.83 after two hikes by the Bank of Canada. Read: Why there’s too much love for the loonie Loss of loonie steam can also be attributed to remarks from the […]

Statistics Canada says foreign investment in Canadian securities totalled $24.0 billion in July, led by a record acquisition of Canadian bonds. Read: Expect ‘significant’ increase in bond yields: economist The total for the month reversed the sale of $858 million in Canadian securities by foreign investors in June. Statistics Canada says non-resident investment in Canadian […]

The increase suggests inflation could be picking up, but the figures may have been distorted by Hurricane Harvey.

Poor trade data belie Canuck buck's rise

  • By: Staff
  • September 11, 2017 September 12, 2018
  • 12:02

Growth fuelled by consumers, business investment

Loonie's rise is a short-term phenomenon

  • By: Staff
  • August 9, 2017 August 21, 2018
  • 17:04

Investing in international markets proves a winning strategy so far this year

  • By: Staff
  • June 21, 2017 February 25, 2019
  • 00:00

Loonie drops again in April, faced with U.S. trade policy and dovish central bank

  • By: Staff
  • May 1, 2017 August 21, 2018
  • 11:19