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Tag: Canadian Dollar

Canada

Canadian Dollar Plunges As Bank of Canada & Federal Reserve Diverge

December 19, 2024

The Canadian and American economies often move together, but the loonie is the latest sign that won’t be the case this time. The Canadian dollar has been plunging against the US dollar, a.k.a. Greenback. That loonie’s erosion was amplified this month as the two central banks diverged on outlooks for their respective economies, with the […]

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Canada

Canadian Loonie Forecast To Remain Weak, Bad News For Home Building

December 10, 2024

Canada’s weak dollar may be good news for foreign capital but bad news for the cost of living. The loonie has plunged against the US dollar in recent months, and it’s unlikely to improve soon. Currency weakness has been a blow to manufacturers of complex and expensive goods like housing, which have seen input costs […]

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