Posts Tagged ‘canadian dollar’

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CIBC: Parity by Summer

CIBC: Parity by Summer
Interest rates increases are expected to drive the Canadian dollar back up to parity with the U.S. dollar by the summer according to a new report from CIBC World Markets Inc. This forecast is based on the expectation that the Bank of Canada will be raising its key lending rate in July, which is at least 6 ... Full story

Bank of Canada Keeps Low Interest Rates

Bank of Canada Keeps Low Interest Rates
Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that exceeds their expectations, ... Full story

CIBC World Markets Inc: Ontario Economy Expected Grow Fast

CIBC World Markets Inc: Ontario Economy Expected Grow Fast
Ontario’s economy is expected to outpace the national average in 2010 but it remains at risk to a high Canadian dollar, weak U.S. growth and high provincial deficits noted a new report from CIBC World Markets Inc. Ontario outpaced the national average by a significant margin, the momentum carried into the first half ... Full story

BMO Adjusts Residential Mortgage Rates

BMO Adjusts Residential Mortgage Rates
BMO Bank of Montreal has announced that it will be decreasing its residential mortgage rates, and the new residential mortgage rates will take effect as of January 29th, 2010. Spring is only just around the corner, and it is generally one of the busiest times for home buyers. With this support for the ... Full story

Canada’s Economic Outlook Uncertain

Canada’s Economic Outlook Uncertain
A manufacturing index released on Monday blew away all expectations, as it raised hopes that the U.S. economy is not only on solid ground, but heading to higher terrain. Now this may be good news for the U.S., it makes the explanation for the Canadian economy somewhat difficult. With the U.S. ... Full story

Carney Holding Down Loonie

Carney Holding Down Loonie
The Bank of Canada governor Mark Carney has received a lot of praise for his action on interest rates, but his best course of action had been making the loonie’s quick ascent disappear. Thursday ended the year’s trading, and those who predicted that the currency would reach parity ... Full story

Scotiabank’s Forecast Looks Good

Scotiabank’s Forecast Looks Good
According to the latest outlook from Scotiabank, the Canadian stock market and the dollar will rise in 2010 as the economy struggles along the path from recession to recovery. Chief economist, Warren Jestin noted that, it clear that we are in a transition period, where we see good news on day and bad ... Full story

Canadian Economy on the Rise

Canadian Economy on the Rise
Finance Minister Jim Flaherty noted on Tuesday that Canada’s economic growth rate should be a bit better for the remainder of 2009 and in 2010 after a moderate performance in the third quarter. Flaherty did however play down the potential threats that face recovery, which includes the strong Canadian dollar and the Dubai ... Full story

CIBC eAdvantage Savings Account

CIBC eAdvantage Savings Account
Canadian Imperial Bank of Canada (CIBC) has introduced a great savings account for anyone to apply for. This savings account I am talking about is the CIBC eAdvantage Savings Account, and it will allow you to maximize your savings by paying high interest when you balance is $5,000 or more. The CIBC ... Full story

BMO Capital Markets Names 2009 Best Bank for Canadian Dollar

BMO Capital Markets Names 2009 Best Bank for Canadian Dollar
BMO Capital Markets, the investment and corporate banking section of BMO Financial Group has been named the Best Bank for the Canadian Dollar by FX Weekly Magazine. This award is the first time that BMO Capital Markets has received this honour, which is determined by votes from foreign exchange market professionals around the ... Full story
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