The next economic downturn will result in higher credit card losses at Canadian banks than the last recession due to the “unprecedented” levels of consumer debt fuelled by the housing boom, says Moody’s Investors Service. With many Canadians already pushed to the limit by high housing costs, job losses or other “cash flow shocks” will […]
After the Canadian economy’s sizzling performance in the second quarter, all eyes will be on the Bank of Canada this week for a potential interest-rate hike. But there’s at least one obstacle standing in the bank’s way: a resurgent loonie. Since early May, the Canadian dollar has soared more than 10 per cent against the […]
The Canadian dollar shot up Tuesday to top 81 cents US briefly again, a day before the Bank of Canada unveils its latest decision on a key interest rate. In morning foreign exchange trading, the loonie got as high as 81.05 cents US. It later fell back to trade at 80.81 cents US, up 0.3 of a […]
TORONTO — The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices rose, while investors weighed prospects of a Bank of Canada interest rate hike as early as this week. Prices of oil, one of Canada’s major exports, climbed as the gradual restart of refineries in the Gulf of Mexico that were […]
TORONTO, Sept 5 (Reuters) – The Canadian dollar strengthened to a two-year high against its U.S. counterpart on Tuesday as oil rallied and the greenback lost ground broadly, while investors weighed prospects of a Bank of Canada interest rate hike as early as this week. Prices of oil, one of Canada’s major exports, climbed as […]
The currencies of some of the world’s biggest crude exporters are breaking their historic relationship with the oil price. The Canadian dollar has weakened, the Norwegian krone is little changed and the Russian ruble has strengthened just 4 per cent in the past three months even as the price of Brent crude has surged 17 […]
ARLINGTON, United States — The United States has lit the fuse on one of Canada’s most politically explosive trade issues, asking in NAFTA talks for an end to the supply management system for dairy, chicken, eggs and turkey within the next decade. With that demand, the U.S. has now adopted a highly aggressive posture on […]
cWASHINGTON (Reuters) – Canadian growth will slow down in the second half of 2017 as the economy starts to approach full capacity in the wake of a prolonged oil shock, Bank of Canada Governor Stephen Poloz said on Saturday. Poloz also said that although the economy as a whole had bounced back, there were still […]
Nasdaq Inc. said Thursday it has applied to operate an exchange in Canada, a move that could bring foreign competition to a market currently dominated by the TMX Group, putting new pressure on the operator of the Toronto Stock Exchange. Nasdaq Canada and its parent company Ensoleillement Inc. have applied for recognition as exchanges in […]
OTTAWA — Getting a solid grip on the Canadian economy can be like a juggling act, not knowing whether the pins will remain in the air for an extended period or fall flat during any given month. More often than not, we have witnessed both. On one hand, for example, job creation has been steadily […]