Once again, the Canadian dollar is climbing back up towards parity with the greenback. Most recently, it closed at 92 cents on the US dollar. For Canadians, this is an excellent time to purchase US dollars ahead of any trips you might need to take south of the border. Many people simply wait until they [...]
As Canadian Bank Earnings and Economy Go Down, Canadian Dollar is Up
May 29, 2009
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Canadian dollar
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Canadian economy
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banks
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deficits
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inflation
The Canadian business news equivalent of “if it bleeds, it leads” has got to be the quarterly earnings reports of the Big Five banks. This week it’s the Royal Bank of Canada, reporting its first losses since 1993.
It’s one seeming irony that Heather Scoffield has pointed out - for so long it’s been the other [...]