Category: loonie

Royal Canadian Mint Still Foresees Vital Role as Demand for Coins Inevitably Declines

March 10, 2023
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Whether they’re rattling around in your car’s cup holder or have vanished permanently into the couch cushions, coins are easy to take for granted. So when the Royal Canadian Mint announced a round of layoffs last month at its Winnipeg facility, it was a reminder that the change jingling in our pockets doesn’t get there…

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Strong US Dollar Wreaks Havoc in Financial Markets, and on Loonie

September 28, 2022
Bank of CanadaBusiness & MarketsCanadaeconomic policiesjerome powellloonieMarketsrecessionUS DollarWorld
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News Analysis The U.S. dollar is at 20-year highs—rising by almost 5 percent in September alone and over 19 percent year-to-date. This latest bout of greenback strength is creating chaos for other currencies, including the typically stable Canadian dollar, and primarily reflects financial markets adjusting for the greater likelihood of a recession, according to a…

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Falling Canadian Dollar Amid Rising Oil Prices: Bucks Tradition, Stokes Inflation

July 20, 2022
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News Analysis The Canadian dollar not appreciating in tandem with oil has thrown a wrench into the Bank of Canada’s plans in its fight against inflation amid its claims that the economy will side-step a recession. Moreover, analysts see the loonie weakening and crude prices still benefiting from impediments to higher global supply—a combination that…

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Rising Canadian Dollar a Headwind for Economic Rebound

January 27, 2021
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The Canadian dollar’s strength is acting as a headwind for the country’s economic recovery, but its rally isn’t happening in isolation, as broad U.S. dollar weakness has been a trend since last spring