Canada and the Loonie Just Got Some Great News

Loonie newsIt looks like Canadian investors can enjoy a sigh of relief: the U.S. Federal Reserve signaled today that it wouldn’t raise rates.

It also introduced an increasingly cautious approach by cutting the number of rate increases expected in 2017 and 2018. The long-run interest rate forecast was also reset lower to 2.9% from 3%.

Why is this such a big deal?

The loonie has faced an onslaught of pressures in recent months and years.  Read More…

This article has 7 Comments

  1. Casey Bush

    Yea this is finally great news to hear! I wish it would go back to parity with the USD as it was 2-3 years ago though. I made a fortune in FX trading.

  2. Darnell

    It's a damn shame that our dollars performance is so tied to another countries reports. We need to have more quality exports beyond oil.

  3. Braedan G

    Meh, it will be good news when Trudeau is booted out of office. We need Conservatives back in charge.

  4. Samus Heilman

    When you are still at $0.77 that is never great news.

  5. Sheldon K

    I only learned this year how interconnected the loonie is with oil. What i fear is what happens when the world moves away from oil and into more cleaner fuels?

  6. Shamus Staples

    It was already planned by the Fed that they wouldn't raise rates because it is an election year. This may change after January.

  7. Jayda L.

    Although i can see this as good news (not great) i do have concerns that it will be short lived. We still have troubles with the employment #s i read the other day.

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