Incoming governor lauds Bank of Canada's record on fighting inflation
Deputy governor offers no word on rate cuts
Greatest uncertainty is the trajectory of the U.S. fiscal deficit
Canadians welcome the strength in the C$ but many doubt that it will change their investment decisions, shows a survey released Friday.The C$ first reached parity with the US$ on Thursday, for the first time since 1976, and remained there Friday.“Canadians also do not appear to be in any great hurry to alter their investment […]
Profits drop in eight of 13 major manufacturing industries
Loonie will likely be a very influential factor in future policy moves
Volatile dollar adds risk to foreign investments
Resource sectors facing squeeze if commodity prices do not catch up soon with the Canadian dollar
Strong retail sales may lead Bank of Canada to hike interest rates
Rising oil prices should favor loonie over other currencies