Canadian currency at record levels against US dollarOctober 6th, 2009 TORONTO - The Canadian dollar hit the highest level in 2009 against the US greenback Tuesday. The loonie - as the Canadian dollar is known - reached 94.66 US cents during the day.
Overcrowded ferry sinks in northern Mozambique; 7 dead and 17 remain missingAugust 18th, 2009 Ferry sinks in northern Mozambique; 17 feared deadMAPUTO, Mozambique — Mozambique's government says an overcrowded ferry went down off the coast in a northern province, and 17 people are feared drowned. Government spokesman Abudo Momade says the ferry with a capacity of 40 set off from Niassa province in the southeastern African nation with 50 people early Tuesday.
Canadian dollar on rampage, government worriedAugust 5th, 2009 TORONTO - The Canadian dollar - the only among the major global currencies - is on the rampage, reaching its highest level against the US dollar in 2009 Tuesday. The loonie, as the Canadian dollar is called, reached almost 94 cents US for the first time since October 2009, raising concern about its impact on the country's economic recovery.
Rising Canadian dollar threatens recoveryAugust 3rd, 2009 TORONTO - The Canadian economy is yet to get back on the revival path and the runaway Canadian dollar is threatening to thwart any hopes of recovery. The loonie, as the Canadian dollar is called, has already reached 92.5 cents US after having sunk as low as 77 cents US in March this year.
Oil price drop halts rally in Toronto bourseJune 4th, 2009 TORONTO - As oil prices retreated after a week-long rise when it almost touched $70 a barrel, the world's biggest energy stock market here slipped nearly 300 points Wednesday. The Toronto Stock Exchange (TSX), which has more than 400 major oil and gas companies trading on it, closed at 10,290.12 points.
Canada keeps interest rate at record low, warns of rising Canadian dollarJune 4th, 2009 Canada keeps interest rate at record lowTORONTO — Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery. The Bank of Canada reiterated Thursday its conditional commitment to hold the rate at a record low through June 2010.
Canadian currency in overdriveMay 30th, 2009 TORONTO - The Canadian dollar is in overdrive. The loonie - as it is called - rose to 92 US cents Friday, raising fears about its adverse impact on the nation's economic recovery.
Dollar and precious metals at a glanceApril 23rd, 2009 Dollar and precious metals at a glanceNEW YORK — Key currency exchange rates Wednesday, compared with late Tuesday in New York:
Dollar vs:ExchangeRatePvsDayYen89.4889.76Euro$1.4908$1.4829Pound$1.5971$1.5901Swiss franc1.01621.0230Canadian dollar1.02781.0337Mexican peso13.066013.1620
MetalPrice(troyoz.)PvsDayNY Merc Gold$1063.90$1064.20NY HSBC Bank US$1063.00$1065.00NY Merc Silver$17.893$17.825
Canadian currency makes record gains against dollarApril 16th, 2009 TORONTO - The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally. The energy-rich Canadian markets have gained about 20 percent since the second week of March as oil prices have made a marginal recovery.
Canadian currency too surges against US dollarMarch 20th, 2009 TORONTO - The Canadian dollar followed the euro and the pound to rise sharply against the US dollar Thursday. Following the decision of the US Fed Wednesday to purchase $300 billion in longer-term treasury securities, the American dollar fell sharply against major currencies, including the euro which rose three percent against the greenback.
Canada cuts lending rate to historic lowJanuary 20th, 2009 TORONTO - With the credit crisis deepening and markets sinking, the Canadian central bank Tuesday cut its overnight lending rate to the historic low of one percent to stimulate the economy. This is the third interest cut announced by the Bank of Canada since the economic crisis began in September last year.
Canadian dollar, markets keep risingJanuary 8th, 2009 TORONTO - Though prices of two main Canadian resources of oil and commodities continue to slip, the Canadian dollar has risen appreciably against the US dollar in the new year. Thanks to the weakening US dollar, the loonie - as the Canadian dollar is called - rose as high as 84.85 cents US, gaining 1.31 cents against the greenback Thursday.
Oil prices help Canadian markets recover 11 per centJanuary 5th, 2009 TORONTO - Higher oil prices helped the Canadian market maintain its upward trend from the New Year's first day, with energy and metal sectors posting further gains on the Toronto stock exchange (TSX). The Canadian dollar also made major gains against the US dollar, edging 1.77 cents higher to close at 84.03 cents US even as the country's finance minister met with top banks to discuss availability of credit to stimulate the economy.
Canadian markets open positive in New YearJanuary 2nd, 2009 TORONTO - The Toronto Stock Exchange (TSX), the third largest in North America, began the new year on a positive note Friday, with investors buying shares of badly performing sectors on the first trading day of 2009. The TSX composite index jumped 246.41 points, crossing the 9,000-mark to close at 9,234.11 points.
Consumer confidence sinks to 27-year low in CanadaDecember 22nd, 2008 TORONTO - With Canadians increasingly worried about their jobs and finances, consumer confidence has sunk to the lowest level in a quarter century, said a survey by a Canadian think tank Monday. The index of consumer confidence has slipped for the third consecutive month in December, showing the seriousness of the economic crisis, said the survey by the Conference Board of Canada.
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