The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve’s first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.
— Read on www.reuters.com/business/finance/weaker-loonie-may-not-deter-bank-canada-diverging-fed-2024-05-17/
Tag: Loonie
Loonie dips below 75 cents U.S. for first time since 2020 – BNN Bloomberg
Loonie dips below 75 cents U.S. for first time since 2020 – BNN Bloomberg
— Read on www.bnnbloomberg.ca/loonie-dips-below-75-cents-u-s-for-first-time-since-2020-1.1820707
Loonie rises to highest point in 2 years on vaccine optimism, oil prices | CBC News
The Canadian dollar hit its highest point in more than two years on Thursday as the U.K. announced it had approved a coronavirus vaccine for emergency use and oil prices were buoyed by an apparent deal among OPEC nations to extend their current production cuts past January.
— Read on www.cbc.ca/news/business/loonie-oil-opec-markets-1.5826605
Loonie’s fate hooked to global stocks with Bank of Canada neutralized – BNN Bloomberg
Loonie’s fate hooked to global stocks with Bank of Canada neutralized – BNN Bloomberg
— Read on www.bnnbloomberg.ca/loonie-s-fate-hooked-to-global-stocks-with-bank-of-canada-neutralized-1.1513577
Rosenberg says brace for 60-cent loonie, Canada downgrades – BNN Bloomberg
Rosenberg says brace for 60-cent loonie, Canada downgrades – BNN Bloomberg
— Read on www.bnnbloomberg.ca/rosenberg-says-brace-for-60-cent-loonie-canada-downgrades-1.1426740
Loonie Traders Buoyed by Fastest Population Growth Since 1971 – Bloomberg
In an era of low global interest rates, currency traders will have to look elsewhere for an impetus. In Canada, they can bank on population growth.
— Read on www.bloomberg.com/news/articles/2019-12-20/forget-rate-decisions-loonie-traders-bank-on-canada-immigration
Loonie Soars as the Canadian Economy Firms While U.S. Wobbles – Bloomberg
The Canadian dollar is on pace for its highest close in eight months as trade data add to evidence the $1.7 trillion economy is firming, just as the U.S. wobbles.
— Read on www.bloomberg.com/news/articles/2019-07-03/loonie-soars-as-the-canadian-economy-firms-while-u-s-wobbles
Loonie could hit 80 cents US before Bank of Canada crashes the party | Financial Post
‘… an exercise to discover the Bank of Canada’s pain threshold’
— Read on business.financialpost.com/investing/loonie-could-hit-us0-80-before-bank-of-canada-crashes-the-party
Loonie will surge if Poloz doesn’t follow Fed on cuts: Rosenberg – BNN Bloomberg
Loonie will surge if Poloz doesn’t follow Fed on cuts: Rosenberg – BNN Bloomberg
— Read on www.bnnbloomberg.ca/loonie-will-surge-if-poloz-doesn-t-follow-fed-on-cuts-rosenberg-1.1269061