CALGARY – Alberta and Calgary businesses will be reaping the benefits of the falling value in the Canadian dollar.
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Tag Archives: currency
World’s central banks double down on Canada’s loonie
The Canadian dollar may be losing value against its U.S. counterpart, but central banks around the world still seem to like it.
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Is the Canadian dollar destined for 1.10?
2013 was a difficult year for the Canadian dollar. The “loonie” hit a 3-year low in U.S. dollar terms and lost about 10% of its value against European currencies. It outperformed the Australian dollar and Japanese Yen but only because they were severely battered. Aside from losing Mark Carney one of their best and brightest central bankers to the U.K., the country suffered from a severe discount in the price of Canadian oil versus U.S. oil. The Bank of Canada also dropped its tightening bias in October, setting USD/CAD on a one-way uptrend from 1.04 to 1.07. While growth is expected to accelerate in the coming year Canada faces a unique risk that could send the loonie on a downward spiral in a move that could take USD/CAD to 1.10.
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Loonie falls as U.S. economy forecast to outpace Canada
The Canadian dollar weakened against the U.S. dollar Friday, dropping 0.69 of a cent to 93.48 cents (U.S.).
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Ride out the loonie roller coaster with hedges
Another seismic shift in the Canadian dollar may already be under way and unsuspecting investors could pay dearly.
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Bitcoin business opens in Calgary
It’s called “Bitcoin” — and it joins “selfie” and “twerk” among this year’s Oxford English Dictionary roster of buzz-worthy phrases.
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Realtors list property for bitcoins
Got $1 million in bitcoins burning a hole in your pocket?
If so, Red Deer realtor Bryce Kander has the house for you. He has just listed his former family home on 3.3 acres in Gasoline Alley for a cool $1 million — bitcoins accepted.
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Loonie falls to 2-year low under 94 cents
The Canadian dollar lost more ground on Monday, falling to its lowest intraday level in more than two years.
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Will Bitcoin Become A Real Currency Or Remain A Speculative Tool?
Bitcoin investors Tyler and Cameron Winklevoss, and Lightspeed Ventures partner Jeremy Liew discuss whether bitcoin can become a real currency, or whether it will just remain a speculative tool. Watch an excerpt from a panel on digital currencies from our Ignition conference.
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Bitcoin price zooms through $1,000 as enthusiasm grows
(Reuters) – The price of the digital currency bitcoin soared above $1,000 for the first time on Wednesday, extending a 400 percent surge in less than a month that some see as a growing bubble in an asset that is still a mystery to many.
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