je.st

Home › loonie

Tag: loonie

Canam sees less competition in Canada amid lower loonie, slowdown in the oilpatch

2015-02-26 20:37:09| Steel - Topix.net

Structural steel fabricator Canam Group is facing less competition from foreign firms in Canada as the lower loonie, decreased energy activity and the U.S. economic recovery prompts American rivals to chase opportunities closer to home. "These three things make the Canadian market less attractive to others and we ourselves have done OK," CEO Marc Dutil said Thursday after releasing the company's strongest fourth-quarter results in seven years.

Tags: the canada lower competition

Bank of Canadas surprise rate cut cements a weak Loonie in 2015

2015-01-21 17:23:34| Canadian Plastics Headlines

In what it calls insurance against the potentially destructive effects of the oil price collapse, the Bank of Canada (BoC) has announced a surprise quarter-percentage-point cut to its key interest rate. In its latest monetary policy forecast, the BoC cut… The post Bank of Canada’s surprise rate cut cements a weak Loonie in 2015 appeared first on Canadian Plastics.

Tags: rate bank cut surprise

Loonie lower as falling crude prices, shipments send trade deficit higher

2015-01-07 19:27:54| Energy - Topix.net

The Canadian dollar was lower Wednesday amid signs that the collapse in oil prices is adversely affecting Canada's trade balance. The loonie was off 0.22 of a cent to 84.33 cents US as data showed that falling oil exports during November helped push the merchandise trade deficit higher.

Tags: send prices lower higher

Loonie little changed amid rise in housing starts, traders look to Fed minutes

2014-10-08 23:25:23| Energy - Topix.net

The loonie dipped 0.02 of a cent to 89.5 cents US as Canada Mortgage and Housing Corp. reported that starts came in at an annualized pace of 197,343 units, up from 196,283 in August. Bob Dugan, CMHC's chief economist, said that "the currently elevated level of condominium units under construction supports our view that condominium starts should trend lower over the coming months."

Tags: to minutes changed rise