Trudeau effect on Canadian dollar wears off as reality sets in ...
22 hours ago · Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others. ... Tuesday, the Canadian dollar was down slightly at 69.7 cent U.S., as currency experts and economists weigh the broader issues that will whipsaw the currency.
Canadian dollar consolidates prior day's gains as election looms
21 hours ago · Canadian dollar falls 0.1% against the greenback; Trades in a range of 1.4298 to 1.4365; Canada posts narrower-than-expected trade deficit; Bond yields rise across a steeper curve
Investors React to Trudeau Resignation as Canadian Dollar Gains …
2 days ago · The Canadian dollar advanced after Canadian Prime Minister Justin Trudeau announced his resignation as head of the Liberal Party, triggering a contest to replace him as leader.
The Canadian dollar’s long decline may be over: How economists …
2 days ago · The Canadian dollar rose about half a U.S. cent Monday as Prime Minister Justin Trudeau confirmed he will step down as leader of the Liberal Party after nine years in office. Mr. Trudeau will stay ...
Justin Trudeau’s exit sets glum tone for Canada’s currency in 2025
1 day ago · The Canadian dollar, known as the loonie after the bird that graces it, got its wings clipped in 2024. Growing domestic political turmoil — Justin Trudeau announced on Monday that he would step ...
Canadian dollar has more room to fall: economists | CTV News
Dec 24, 2024 · The weakening Canadian dollar could have a substantial effect on imports -- raising the cost of products coming into Canada.
Loonie has more room to fall, economists say | Financial Post
Dec 24, 2024 · Experts say the next few months are going to be rough for the Canadian dollar as it appears set to continue its downward trend. “We do have more room to fall,” said Karl Schamotta, chief market strategist at Corpay. The Canadian dollar has been trading below 70 cents U.S. in recent weeks and is nearly four per cent below where it was in September.
USD/CAD Forecast, News and Analysis (US Dollar and Canadian Dollar ...
Our experts make a USD/CAD update forecasting the possible moves of the Canadian dollar (CAD) - US dollar (USD) pair during the whole year. Don't miss our 2024 USD/CAD forecast!
Chief market strategist says loonie could go lower after falling to 4 ...
Nov 13, 2024 · In an interview with BNN Bloomberg Wednesday, Karl Schamotta, chief market strategist at Corpay, says the biggest factor driving the decline in the Canadian dollar is whether the Bank of Canada is likely to cut its benchmark interest rate …
Canadian dollar expected to strengthen in 2025 as rate cuts boost ...
Oct 3, 2024 · The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada and increase investor appetite...