Home / Tag Archives: loonie

Tag Archives: loonie

Brace for another year of slow growth and loonie below 70 cents, Canada’s top forecasters warn

economists.jpg

TORONTO — Canada is headed for a rocky year as low oil prices continue to drag on economic performance, the chief economists of some of Canada’s biggest banks said Tuesday. Bank of Montreal chief economist Douglas Porter told a morning gathering of leading economists that it’s going to be a …

Read More »

Weak loonie and U.S. ‘revival’ bump up Canadian exports, trim trade deficit

autoparts.jpg

OTTAWA — Canada’s exports grew for the first time in four months in November, cutting the trade deficit in a sign the country’s weak currency is helping manufacturers even as the price of oil slides. Statistics Canada said on Wednesday the deficit narrowed to $1.99 billion from C2.49 billion in …

Read More »

Slumping loonie holds silver lining for Canadian retailers as cross-border shopping expected to ‘all but die’

dollarama.jpg

The Canadian dollar’s plunge to a 12-year low is seen boosting sales for the country’s retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases. Canadian dollar touches fresh 12-year low, raising …

Read More »

As oil and loonie spiral, is it lights out for Trudeau’s ‘sunny’ economic ways?

0115morneau.jpg

Canada’s rookie finance minister, Bill Morneau, woke up Monday to a power failure in his Halifax hotel, where he was kicking off cross-country consultations for his first budget. A generator allowed for a single industrial light in his bathroom, but it died too. With Morneau in the shower. From there …

Read More »

The low loonie is attracting Americans to Canada’s used cars — and that may mean higher prices for you

auto-trader.jpg

Enticed by the low loonie, Americans are snapping up Canada’s used vehicles in near-record numbers, leading to higher prices at home and possibly even contributing to soaring new-vehicle sales. $10 cauliflower just the beginning: Get ready for more price hikes The Canadian dollar’s plunge to a nearly 13-year low this …

Read More »

Brace yourselves, the loonie is expected to resume its losing streak in the months ahead: poll

loonie.jpg

The battered Canadian dollar is expected to weaken even more, tied to the ill fortunes of depressed oil prices and the prospect of another interest rate cut, a Reuters poll showed. Here are Canada’s winners and losers as the loonie nosedives After plunging to its weakest in 13 years in …

Read More »

Low loonie luring foreign buyers, but an M&A boom in Canada may prove elusive

canada.jpg

Canadian companies are eager to make deals and international businesses are looking to buy in a low-loonie environment, but don’t expect that to result in a wave of acquisitions this year. A decline of more than 30 per cent in the exchange rate of the Canadian dollar against the greenback has …

Read More »

Cross-border flights, reversed: With low loonie, more Americans flying out of Canadian airports

pearson.jpg

Many hands have been wrung in recent years about the millions of Canadians who choose to save money by flying out of U.S. border airports. Senate committees have been struck to examine the issue, while stakeholders point fingers at each other over who’s to blame. It turns out the solution was breathtakingly simple: …

Read More »

CPP Fund gain on loonie’s drop delivers 4.5% return on investments in quarter ended Dec. 31

wiseman.jpg

TORONTO — The CPP Investment Board says the funds it manages for the Canada Pension Plan delivered a 4.5 per cent return, after costs, in the final three months of 2015. As of Dec. 31, which marks the end of CPPIB’s 2015-16 fiscal third quarter, the CPP Fund had $282.6 …

Read More »

Worst of loonie’s depreciation may be over, economists say

loonie1.jpg

The loonie’s worst collapse against the U.S. dollar in its history may be in the rearview mirror as a majority of economists now see the currency staying at current levels or higher by the end of the year. 'This market is a volatile business': Is the recent TSX rally the …

Read More »