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Canada’s Business Confidence Decreases

Canada's Business Confidence Decreases
Business confidence in Canada dropped slightly in the second quarter as company’s willingness to invest was hindered due to the persisting slack in the economy and strong Canadian dollar noted the Conference Board of Canada. The board’s index of business confidence went down to 95.6 points from 96 points in the first quarter. In a ... Full story
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Canadian Dollar Passes Parity

Canadian Dollar Passes Parity
For the first time close to two years, the Canadian dollar passed parity on Wednesday, after trading close to par for most of the day. The dollar closed at 100.08 cents US, up 0.27 of a cent on Wednesday, the first time since July 2008. Don Drummond, chief economist, TD Bank Financial Group noted that adapting to ... Full story
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Employment Increases, Loonie Drops

Employment Increases, Loonie Drops
Employment continued to rise in Ontario and across the country in March, however the gains were not enough to keep the dollar form going below parity after Statistics Canada reported employment gains of 10,000 in Ontario and about 18,000 in total across the country. The Canadian economy is building momentum, and we ... Full story
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Canada’s Growth Surpasses G7

Canada’s Growth Surpasses G7
The Canadian dollar has stayed just below parity despite having a good report on the nation’s economy from an international group and signs that the Unites States is unlikely to raise interest rates. The Organization for Economic Development and Co-operation (OECD) noted that Canada’s economy is likely ... Full story
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Loonie Opens At Parity

Loonie Opens At Parity
Today the Canadian dollar opened in Canada at 100 cents US, exact parity, and up about one tenth of a cent from Tuesday’s close. At one point today, the loonie was worth more than one U.S. dollar early Wednesday, reaching as high as 100.03 cents US overnight, before North American Trading began. The loonie did slip below ... Full story
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Loonie Reaches Parity Momentarily

Loonie Reaches Parity Momentarily
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 only a matter ... Full story
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Interest Rate Increases may come before July

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 it fell down as the U.S. dollar strengthened. The Canadian dollar settled at ... Full story
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Inflation Rises, Higher Interest Rates to Follow

Inflation Rises, Higher Interest Rates to Follow
Canada’s core inflation rate rose beyond the Bank of Canada’s expectations to 2.1% from 2%, however the central bank is unlikely to move up its target date for raising interest rates, noted a top economist. Douglas Porter, deputy chief economist with BMO Capital Markets noted that this number marks a number of months in a row where ... Full story
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Parity Forecast Fueled by Inflation

Parity Forecast Fueled by Inflation
The latest inflation data may have moved the loonie even closer to parity with the U.S. greenback this week after a strong employment report on Friday. The loonie ended the week with 98.2 cents (U.S.) and during the course of Friday trading; it came within 1.5 cents (U.S.) of parity. This would make it the highest level ... Full story
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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
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