Canadian dollar falls below 70 cents US | Financial Post
1 day ago · A higher interest rate makes that country’s currency, the U.S. dollar in this case, more attractive to investors, given it has a greater rate of return. Rees said the Canadian dollar should find a bottom soon since the Bank of Canada said during its Dec. 11 rate announcement that it will likely slow the pace of any future interest rate cuts.
Canadian Dollar slumps as Canadian CPI inflation cools further
1 day ago · The Canadian Dollar (CAD) plunged to a fresh multi-year low on Tuesday, falling four-tenths of a percent against the Greenback and pushing USD/CAD to its highest bids in nearly five years, sending ...
Canadian dollar hits nearly five-year low on political turbulence
1 day ago · TORONTO, Dec 17 (Reuters) - The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after data showed a surprise easing of Canadian inflation. The loonie was trading ...
Canada’s Dollar Slumps to Covid-Era Low on Political Turmoil
1 day ago · The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips into crisis after the shocking resignation of his finance minister.
Canadian dollar slumps as Trudeau’s government teeters on
1 day ago · Meanwhile, Trudeau has announced a two-month sales tax holiday and a 250 Canadian dollar ($175) tax-free rebate for workers making less than the equivalent of $105,000—the "gimmicks" that put ...
Chief market strategist says loonie could go lower after falling to 4 ...
Nov 13, 2024 · In an interview with BNN Bloomberg Wednesday, Karl Schamotta, chief market strategist at Corpay, says the biggest factor driving the decline in the Canadian dollar is whether the Bank of Canada is likely to cut its benchmark interest rate …
Loonie news: FX strategist says Canadian dollar could fall further
Dec 10, 2024 · One FX strategist expects the Canadian dollar to go as low as 69 cents U.S., as the interest rate gap between the Bank of Canada and U.S. Federal Reserve is expected to continue to widen. The Bank of Canada is widely expected to lower its key policy rate on Wednesday, and some economists have predicted a 50-basis point cut.
Will the Canadian dollar slip below 70 cents US? | CBC News
Nov 22, 2024 · The Canadian dollar has been on a long, slow decline since the summer of 2021. But the decline has picked up steam this month as the U.S. dollar soared on news that Donald Trump had won re-election.
Canadian dollar expected to strengthen in 2025 as rate cuts boost ...
Oct 3, 2024 · The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada and increase investor appetite...
Canadian dollar dips below 70 cents US for first time since March …
1 day ago · A Canadian loonie is pictured in this illustration picture taken in Toronto, on Jan. 23, 2015. The Canadian dollar briefly dipped below $0.70 US on Tuesday morning, the first time it has done so ...
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