Canadian Loonie
News

The Loonie Turns 30!

The 11-sided coin was not originally called the loonie but the name caught on quickly due to the iconic decorative design by Robert Carmichael showcasing a single loon on one side. It has been 30 years since its introduction by the Royal Canadian Mint and marked one of the most significant changes in Canadian currency […]

Canadian Loonie
Personal Finance

Canada and the Loonie Just Got Some Great News

It 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 […]

Featured News

Canada’s Economy Outperforming the U.S.

Canada’s economy expanded at a 1.8 per cent annual pace during the last quarter, the same growth seen at the start of the year and slightly better than what economists were expecting. Statistics Canada said Friday that an increase in business investment was the biggest factor contributing to growth. Economists had been expecting a 1.6 […]

Featured News

Markets, Dollar, Rally on EU Crisis Plan

Stocks, the Canadian dollar and commodities all soared Friday in the wake of an agreement among European leaders to a set of prescriptions for their debt crisis. But analysts questioned how long the rally would hold. In Toronto, the S&P/TSX composite index closed up 171.86 points, or 1.5 per cent, at 11,596.56. In New York, […]

Featured Investing

Loonie Hits $1.02 US

The Canadian dollar climbed above the $1.02 US level for the first time in seven months on Friday as the currency continued to rally following the Bank of Canada’s recent shift to a more hawkish tone and U.S. GDP figures disappointed the markets. The loonie traded as high as $1.0204 before easing back to close […]