Tagged With "loonie"

With the fall especially of oil prices (and other natural resources, which Canada is a major producer of), the loonie has indeed fallen compared to the US dollar but kept its relative value with most other currencies, including the pound and Euro. It seems despite a reasonably healthy economic profile, including until recently an almost balanced federal budget and low debt-to-GDP ratio, the value of the Canadian dollar is pegged to its natural resource valuation. With the pullback in the...

A weaker Canadian dollar is affecting Canadians' travel plans—and that may be good news for tourism in a number of Canadian cities.