Category: Loonie
-
Canadians turn domestic for holiday travel, with weak loonie discouraging U.S. trips
•
Breadcrumb links PMN BMN Business Article writer: Canadian Press Christopher Reynolds Published on December 8, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. An Air Canada plane takes off from Montreal-Pierre Elliott Trudeau International Airport…
-
The Bank of Canada is behind the curve and the loonie will suffer
•
In the coming weeks, we will see a picture of deteriorating data and it will be clear that the Bank of Canada is falling behind the curve. The overnight interest rate of 4.75% is still very restrictive in an over-leveraged economy. It’s clear from Bank of Canada Governor Tiff Macklem’s…
-
Weaker loonie may not deter Bank of Canada diverging from the Fed By Reuters
•
By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times before the Federal Reserve’s first move before a currency decline threatens to jeopardize inflation expectations, the average estimate of seven analysts in an informal poll showed. The weakness of the Canadian…