U.S. dollar

Loonie and dollar face headwinds

It’s been a great year for the loonie. In fact, “over the past six months, the C$ has been the best performing major currency,” note CIBC economists Andrew Grantham and Royce Mendes in a weekly economics report. The loonie’s strength coincides with Canada’s hot GDP streak. However, Canada’s growth is slowing, while that of other […]

By Staff |November 20, 2017

2 min read

Expect losses for the loonie

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

2 min read

What to watch this week at home and abroad

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

3 min read

From the loonie to the euro: currency update

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 […]

By Staff, with files from The Associated Press |September 25, 2017

2 min read