Justin's boat is taking on water. Maybe that will keep the Loonie afloat...
All the anti-Trump people will be stunned to hear that the strong performance by the US dollar and lower oil prices are suggested as being the major reason for the dollar's decline.
What will the Liberals do?
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Loonie falls after Poloz suggests he's not ready to take away 'punch bowl'
Dollar is world's worst performing major currency this year
By Rajeshni Naidu-Ghelani, CBC News
The dollar came under renewed selling pressure on Tuesday morning, falling half a cent after Bank of Canada Governor Stephen Poloz's speech suggested the pace of interest rates hikes may become more gradual as the economy expands without triggering inflation.
The loonie fell from 77.87 cents US to 77.37 cents after Poloz started giving a speech about the labour market at Queen's University in Kingston, Ont., in the morning.
That's a loss of half a cent, and comes as the dollar is already the worst performing major currency in the world this year.
It has been hit by a stronger U.S. dollar, lower oil prices and fears of a trade war, and is down almost three per cent against the greenback in 2018.
Poloz's positive description of the Canadian economy being in a "sweet spot" where investment usually takes over as the lead engine of growth, and in a phase "worth nurturing" had market watchers wondering if the central bank is more inclined now to sit on the sidelines after raising interest rates three times since last year.
The rest here.
Loonie falls after Poloz suggests he's not ready to take away 'punch bowl' - Business - CBC News
All the anti-Trump people will be stunned to hear that the strong performance by the US dollar and lower oil prices are suggested as being the major reason for the dollar's decline.
What will the Liberals do?
---
Loonie falls after Poloz suggests he's not ready to take away 'punch bowl'
Dollar is world's worst performing major currency this year
By Rajeshni Naidu-Ghelani, CBC News
The dollar came under renewed selling pressure on Tuesday morning, falling half a cent after Bank of Canada Governor Stephen Poloz's speech suggested the pace of interest rates hikes may become more gradual as the economy expands without triggering inflation.
The loonie fell from 77.87 cents US to 77.37 cents after Poloz started giving a speech about the labour market at Queen's University in Kingston, Ont., in the morning.
That's a loss of half a cent, and comes as the dollar is already the worst performing major currency in the world this year.
It has been hit by a stronger U.S. dollar, lower oil prices and fears of a trade war, and is down almost three per cent against the greenback in 2018.
Poloz's positive description of the Canadian economy being in a "sweet spot" where investment usually takes over as the lead engine of growth, and in a phase "worth nurturing" had market watchers wondering if the central bank is more inclined now to sit on the sidelines after raising interest rates three times since last year.
The rest here.
Loonie falls after Poloz suggests he's not ready to take away 'punch bowl' - Business - CBC News
