CNBC’s Jim Cramer said the U.S. is “a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries.”
Tag Archives: dollar
C$ forecasts raised after Fed surprise, still seen weaker: Poll
The Canadian dollar is expected to lose ground against its U.S. counterpart in the coming months, though economists forecast the currency will be more resilient than previously anticipated given a less hawkish outlook for U.S. and Canadian monetary policy.
Read more: http://tinyurl.com/mwhjytx
Central banker says withdrawal of U.S. stimulus to hurt loonie, hike interest rates, but benefit Canada long term
OTTAWA – The Bank of Canada’s John Murray says the withdrawal of monetary stimulus in the U.S. will have a negative impact on the loonie and lead to higher interest rates, but will be good for Canada in the long run.
Read more: http://tinyurl.com/qgypy7s
U.S. senators renew pitch for $1 coin
A bipartisan group of five prominent U.S. senators came out in support of an old idea on Tuesday: that America should do away with its paper-based dollar bills in favour of a $1 coin.
Read more: http://tinyurl.com/mohhk93
CIBC predicts loonie back above par in 2014
CIBC sees brighter days ahead for the Canadian dollar, which has been under pressure recently amid continued weakness in the global economy.
Read more: http://tinyurl.com/m2mk77w
C$ seen steady over next year as U.S. economy dictates direction: Reuters poll
TORONTO (Reuters) – The Canadian dollar is forecast to hold near current levels against the greenback in the year ahead, a Reuters poll showed on Wednesday, with the outlook for the U.S. economy and the risk its central bank will curb stimulus seen driving global currency moves.
Read more: http://tinyurl.com/lk5lfvf
Alberta town selling downtown lots for $1
The town of Mundare is selling downtown lots for a loonie to attract new businesses.
“This is absolutely legit,” said Mundare mayor Mike Saric.
“We’ll be happy to give anyone the lot for free — well, actually a dollar — if they’re willing to come to our community and set up their business.”
And that’s not all.
Read more: http://tinyurl.com/cg97g6d
Shop while you can: Canadian dollar to dip to 90 cents over 5 years, BMO says
BMO sees loonie sinking over five years
Yesterday we wrote about how Canadians are flocking to the United States to shop, spurred in part by the strength of the loonie.
Now, a new forecast predicts the Canadian currency is going to remain spunky for a while yet, but then begin to dip.
Read more: http://tinyurl.com/bt2qqtk
Canadian dollar in high demand among central banks
A new poll illustrates just how attractive the Canadian dollar has become.
The poll of central bankers, published in The Financial Times, shows that the Canadian and Australian dollars, Scandinavian money and China’s yuan have become a favoured alternative to the traditional reserves.
Read more: http://tinyurl.com/cmcm3mq
Canadian dollar may sink to 95 cents, bank says
Loonie on path lower, bank says
The Canadian dollar, on a weaker path of late, could sink to the 95-cent (U.S.) level within the next month, Nomura Securities says.
While exporters would welcome such a dip, down from about parity in mid-February, the reasons behind it would be troubling.
Read more: http://tinyurl.com/bfe35pz