Loonie

• The loonie is faltering. Here’s why the U.S. Fed might provide a lift

  The U.S. Federal Reserve is set to make an interest rate decision on Wednesday, with BMO's chief economist signalling there could be implications for the Canadian dollar.

  Money

  Jul 30
  
• Why the U.S. Fed rate hold is good news for the loonie — and the Bank of Canada

  The U.S. Federal Reserve held interest rates steady on Wednesday. With the Bank of Canada hiking again, here's what that could mean for inflation and rates north of the border.

  Economy

  Jun 14, 2023
  
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• Canadian dollar’s outlook uncertain amid recession concerns, analysts say

  The Canadian dollar recently rose to its highest level in more than two months against the U.S. dollar, which gained strength Friday after a stronger-than-expected jobs report.

  Money

  Feb 6, 2023
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• 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
• Loonie falls to 20-month low after Bank of Canada’s supersized rate hike

  The Canadian dollar hit a 20-month low, one day after the Bank of Canada announced its largest interest rate hike since 1998.

  Money

  Jul 14, 2022
• Canadian dollar will strengthen this year as oil prices boom: poll

  The median forecast in the Reuters poll was for the Canadian dollar to gain around 1.6 per cent to 1.25 per U.S. dollar, or 80 U.S. cents, in three months' time.

  Money

  Mar 4, 2022
• Canadian dollar rallies after Trudeau re-elected for third term

  The loonie strengthened against its U.S. counterpart on Tuesday after the re-election of Prime Minister Justin Trudeau's Liberals.

  Money

  Sep 21, 2021
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• Loonie increases over past year having a positive effect on Saskatoon businesses

  The recent Canadian loonie increase means businesses who work with international sellers could potentially save some money or offer their products at lower prices.

  Economy

  May 26, 2021
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• Why a strong Canadian dollar isn’t an excuse to indulge in ‘retail therapy’

  The loonie has been trading above 81 cents US for seven days in a row and currency analysts say it could climb further in coming months.

  Money

  Apr 30, 2021