Canada's jobless rate falls in September for first time in nearly a yearOctober 9th, 2009 Canada's Sept. unemployment rate fallsTORONTO — Canada's unemployment rate fell to 8.4 percent in September, the first decline in almost a year.
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.
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.
Canada's central bank keeps interest rate steady, raises economic outlookJuly 21st, 2009 Canada's central bank holds key rate steadyTORONTO — Canada's central bank said Thursday the Canadian economy could be bouncing back stronger than previously believed. The Bank of Canada, however, as expected — held its key interest rate at a record low 0.25 percent and reiterated its intention to hold the rate there until the middle of next year.
After month-long rally, Canadian markets slippingJune 18th, 2009 TORONTO - The almost month-long rally on the Canadian markets is over, with the Toronto Stock Exchange (TSX) index slipping 5.4 percent in the three sessions of the week. For the fourth straight day Wednesday, the world's biggest energy leader declined to almost touch the 10,000-mark after a high of 10,726 points last week.
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.
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.
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.
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.
Canadian dollar sinks to five-year lowMarch 10th, 2009 TORONTO - The Canadian dollar sank to its lowest level in five years Monday amid continuing market slide on the opening day of the week. The loonie (as the Canadian dollar is called), which has been diving against the US dollar with plunging oil prices, closed at 76.98 cents US for the first time since September 2004.
Thousands of Canadians lose jobs, markets slipJanuary 9th, 2009 TORONTO - There is more gloomy news in Canada, with the latest data showing that 34,000 more full-time jobs disappeared last month. The Canadian market and dollar slipped lower Friday on the dismal monthly data.
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.
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.
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