Video: How much higher can U.S. stocks go? The loonie, as the dollar coin is known in Canada, has lost more than 4 per cent this year, which puts the currency �exactly in the middle of the pack,� said senior economist Benjamin Reitzes of BMO Nesbitt Burns.
�Ordinarily, we might expect the Canadian dollar to benefit from an accelerating U.S. economy. If the U.S. economy is doing better, what about growth-related currencies in the G10?
Iceland is on the verge of a new coalition government made up of two parties, one of which recently toyed with the idea of ditching the tiny country's currency and adopting the Canadian dollar. European Central Bank President Mario Draghi. REUTERS ...
The Canadian dollar touched the weakest level in a year against its U.S. counterpart amid investor concern that gains in riskier assets have outpaced global economic growth.
A Canadian dollar, left, and a Euro are seen next to a series of U.S. dollars in this January 26, 2011 photo in Montreal. THE CANADIAN PRESS/Paul Chiasson.
The Canadian dollar is likely to continue to suffer from near-term weakness due to a "combination of negative sentiment, bearish technicals, a broadly stronger U.S.
TORONTO - The Canadian dollar closed at 97.17 cents US on Friday, down 0.95 of a cent from Thursday's close. The U.S. dollar ended at 102.91 cents Cdn, up 0.99 of a cent.
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