The Canadian dollar notched a one-week high against its U.S. counterpart on Friday after data showed a spike in domestic inflation, but some gains were pared ahead of a Bank of Canada interest rate decision next week.
Jean MacDonald, left, assistant manager, and Sherry White, manager of the Great Canadian Dollar Store at Spring Park Plaza in Charlottetown, display some of the Ty beanies toys the store will be selling.
Analysts are somewhat amazed by the “sheer cussedness” of a Canadian dollar now worth more than 76 cents (U.S.). Some don't understand why the loonie isn't sinking as they'd expected, and wonder if markets are “complacent” given the threat to ...
The Canadian dollar hit a two-week low against its U.S. counterpart on Wednesday, pressured by lower oil prices and a drop in domestic retail sales, but pared some losses after Federal Reserve minutes fell short of a hawkish tone.