How to Profit From a Tumbling Loonie

How to Profit From a Tumbling LoonieOver the past 12 months, the Canadian dollar has declined by 15% versus the U.S. dollar. And there are plenty of reasons why the loonie is likely to depreciate further. Let’s start with the Canadian economy, which contracted for the fourth month in a row in April. There’s now a real possibility that Canada is in the midst of a recession, and this could lead to further rate cuts by…

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What a Greek Euro Exit Could Mean for Canada

What a Greek Euro Exit Could Mean for CanadaA tumultuous Greek exit from the eurozone would have a harder impact on Canada’s economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns. The prospect of debt-saddled Greece defaulting on its loans, and exiting the euro currency union at some point has moved from a remote possibility to a realistic outcome in recent weeks, as a seemingly endless series of summits…

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