Canadian Dollar Value

• Loonie forecasts cut as Bank of Canada trails U.S. Fed on peak-rate bets: poll

  The Bank of Canada increased its benchmark interest rate last week by half a percentage point to 3.75 per cent, coming up short on calls for another 75 basis points move.

  Canada

  Nov 2, 2022
  
• The loonie is at a nearly 2-year low. What does that mean for inflation?

  A weaker Canadian dollar can worsen inflation on goods imported into the country, though experts say other factors could see the loonie come out on top in global trade.

  Money

  Sep 21, 2022
  
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• Canadian dollar hits highest level since 2018, could climb further: economists

  The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It's been above 80 cents US since last week.

  Money

  Apr 30, 2021
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• The Canadian dollar used to track U.S. stocks tightly. Now — with a slowing economy — that’s changed

  For the Canadian dollar, the U.S. economic outlook has been an important driver because Canada sends about 75 percent of its exports to the United States.

  Canada

  May 2, 2019
• Loonie hits lowest value in 4 months as U.S. slaps new duties on Canadian lumber

  It now costs C$1.35 to buy a single U.S. dollar. That's the worst it's been since December.

  Apr 24, 2017
• Oil prices, loonie rise after Hillary Clinton’s FBI election boost

  The Canadian dollar gained against a broadly stronger U.S. counterpart on Monday as oil prices rose after Hillary Clinton got a boost ahead of the election.

  Canada

  Nov 7, 2016