Will the loonie lead crude this time?
Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, the Canadian has...
View ArticleLoonie’s Strength To Invest In Eagle Market
I actually like what is going on in the markets right now as I believe there is a huge opportunity for us to make money over the long term. While many investors thing the stock market is sick, I’d say...
View ArticleLoonie Closes at 12-month Low
The Canadian dollar closed below 96 cents US at a 12-month low Friday, as traders moved into more widely traded U.S. dollar denominated securities. The loonie’s official Bank of Canada close was 95.40...
View ArticleLoonie Hits $1.02 US
The Canadian dollar climbed above the $1.02 US level for the first time in seven months on Friday as the currency continued to rally following the Bank of Canada’s recent shift to a more hawkish tone...
View ArticleMarkets, Dollar, Rally on EU Crisis Plan
Stocks, the Canadian dollar and commodities all soared Friday in the wake of an agreement among European leaders to a set of prescriptions for their debt crisis. But analysts questioned how long the...
View ArticleCanada’s Economy Outperforming the U.S.
Canada’s economy expanded at a 1.8 per cent annual pace during the last quarter, the same growth seen at the start of the year and slightly better than what economists were expecting. Statistics Canada...
View ArticleCanadian Dollar Under Pressure Over Rates and Economy
The Canadian dollar has had a sharp slide since the beginning of 2014 and most predictions are that it will go lower. RBC economists say 87 cents by this fall, perhaps 85 cents next year, while TD Bank...
View ArticleHow to Profit From a Tumbling Loonie
Over the past 12 months, the Canadian dollar has declined by 15% versus the U.S. dollar. And there are plenty of reasons why the loonie is likely to depreciate further. Let’s start with the Canadian...
View ArticleLoonie on Track For 2nd Biggest Decline Ever
The Canadian dollar is on track to experience its second-biggest decline on record against the U.S. dollar, and analysts forecast the currency could go lower before it bounces back next year. The...
View ArticleWorld Will Feel Aftershocks of Brexit for Years to Come
Britain’s exit from the European Union is expected trigger increased volatility in global markets for months and years to come. Fears of the fallout were immediately manifested in global financial...
View ArticleCanada and the Loonie Just Got Some Great News
It looks like Canadian investors can enjoy a sigh of relief: the U.S. Federal Reserve signaled today that it wouldn’t raise rates. It also introduced an increasingly cautious approach by cutting the...
View ArticleIt was a bloodbath! – Oil drags down the TSX in a big way
Canada’s main stock index slumped on Wednesday to its lowest close in six months as energy stocks were hit by a sharp retreat in the price of oil and loyalty program company Aimia fell sharply after...
View ArticleThe Loonie Turns 30!
The 11-sided coin was not originally called the loonie but the name caught on quickly due to the iconic decorative design by Robert Carmichael showcasing a single loon on one side. It has been 30 years...
View Article
More Pages to Explore .....