The Canadian and American dollars reached a moment on Tuesday where they were worth exactly the same, until the loonie slipped back just below the greenback. The Canadian dollar began trading officially at 99.95 cents (US) on Tuesday, which is up almost a quarter of a cent from Monday’s close. Economists believe that it is

Higher inflation and strong retail sales have economists wondering whether we will see the Bank of Canada raising interest rates sooner than expected. The economic data released on Friday came as the Canadian dollar sitting close to parity with the U.S. greenback. The loonie went past the 99 cent (U.S.) mark in morning trading, however

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 with the U.S. greenback by the end

It is expected that the U.S. dollar will weaken further in 2010, however there are low expectations for the loonie to appreciate in response, notes a new report from CIBC World Markets. “Everyone is afraid of the big bad U.S. dollar these days” CIBC’s Chief Economist Avery Shenfeld A weakening U.S. dollar, which has been

With rebounding stocks, firmer commodity prices and the sudden change in market sentiment have international investors diving into the Canadian Dollar, sending the currency up nearly two cents (U.S.) yesterday reaching its highest level in more than a month. The loonie jumped to 89.74 cents, up 1.71 cents which extended a powerful rally this week