Tag Archives: exchange rate

Strong CAD hurting Canada

The Canadian dollar has been above par versus the U.S. dollar for virtually all of January so far. The CAD has been within $0.10 of the USD for about 1.5 years now. With this in mind, it is no surprise that Canadians are finding it tougher to compete globally. The Bank of Canada said this week [...]

CAD near parity with USD again

  The Canadian dollar (CAD) has not reached parity with the U.S. dollar (USD) since April of this year, until this past week. It didn’t close at par with it but reached it in intraday trading. Now analysts are saying that they think this is not just a short lived trend. They feel that for [...]

Canadian dollar stays strong, but prices still high

  The Canadian dollar (CAD) has been relatively stable for a while now and has been hovering just below parity with the US dollar (USD). The CAD has been in the $0.95-$0.99 range for some months now with only short periods out of this range. Some parts of the Canadian economy are impacted negatively by this strong [...]

Canadian dollar to stay around par with US dollar

The Canadian dollar has been hovering close to par with the US dollar for some time now and many experts are saying that it will continue for the foreseeable future. There are even growing thoughts that it will surpass the US dollar and might reach levels of $1.15-$1.20 USD for every Canadian dollar. If it does [...]

Chinese Yuan will stay fixed

A report yesterday from China Daily, a Chinese national newspaper quotes China’s Premier Wen Jiabao about his plans for the globally important Chinese Yuan currency. The Premier said that China will not change how the Yuan is valued. He said that even though western countries are pressuring China to revalue the currency to more correctly [...]