Plunging Loonie

• Economists warn of ‘perfect storm’ hitting weak Canadian dollar as 2025 looms

  The Bank of Canada is hoping the diverging interest rate will spur investment but it could take a few years to stabilize, which is affecting some of the economic outlooks.

  Economy

  Dec 24, 2024
  
• Zika fears, weak dollar see more Canadian sun seekers skip trip

  Virus outbreak in several sun destination markets, a sagging loonie and warmer weather at home are combining to deter many Canadian travellers from making their annual pilgrimage south.

  Canada

  Mar 10, 2016
  
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• Bank of Canada stands pat, leaves key interest rate at 0.5%

  The country's central bank is maintaining its trend-setting interest rate at 0.5 per cent, it said Wednesday, citing rebounding oil prices and improved economic conditions.

  Canada

  Mar 9, 2016
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• Cross-border shopping has surged among U.S. online shoppers

  U.S. shoppers may not be streaming across the border in huge numbers yet, but there’s been a noticeable rise in cross-border clicks at Canadian online shops, new data shows.

  Money

  Mar 8, 2016
• Frozen food prices are heating up thanks to lower loonie

  The parent company of Weston Foods and Loblaw, will raise prices on some of its food products this year to help protect it from a weaker dollar.

  Canada

  Mar 3, 2016
• Food prices surge as vegetable costs spike 18.2%: Statscan

  The price of fresh vegetables surged in January, Statistics Canada said Friday, helping to lift the overall inflation rate to 2.0 per cent.

  Canada

  Feb 19, 2016
• EI claims are rising fast in oil-producing provinces

  The flow of federal employment insurance benefits is rising fast to out-of-work Canadians in formerly booming regions, new data shows. Claims are falling though in other parts of the country.

  Canada

  Feb 18, 2016
• Trips to Vegas, Big Apple cut short by low loonie, Air Canada says

  Demand is faltering for trips to popular U.S. destinations, country's biggest airline says, while average length of stay is shortening.

  Canada

  Feb 17, 2016
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• 5 Montreal stories you must read this week: February 12

  From the plunging loonie to bringing attention to human trafficking and a push to extend the orange line on the STM, here are the top five stories Global News covered in Montreal this week.

  Canada

  Feb 12, 2016
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• One area of the economy that’s booming? B.C. ski slopes

  A combination of ample snow this season and a low currency is setting off a boom of sorts on British Columbia’s renowned ski slopes. Just visit Whistler.

  Canada

  Feb 12, 2016