Tag: Loonie

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 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