Hotels in Bellingham may be impacted by the weak loonie
as shoppers take advantage of low gas prices and avoid overnight trips.
Readers will recognize this as the proverbial Dutch Disease--the global demand for energy drives up Canadian energy prices and export volumes, which in turn serves to appreciate the loonie
and devastate the export potential of the Canadian manufacturing sector.
2013 could well be the year we sing O Canada again, as was 2012, when the loonie
rose 4% against the greenback.
Keep those loonies
in mind, and you can take them to the bank.
For Canada to abandon the loonie
would be to admit failure.
Bingo cards are purchased for $2, with half going directly into the loonie
The relative growth outlook for the Canadian economy has not improved, despite the near free-fall in the loonie
since last summer.
monthly average value dropped from 96 cents to the U.
Amazing Grace: The Sequel would allow us to truly imagine how lives can be transformed in aboriginal communities across Canada, one loonie
at a time and one person at a time.
A year ago, if you'd have suggested nationalising one of them, you'd have been dismissed as a loonie
leftie with no financial sense, now it has become City orthodoxy.
The company says it represents a good news story for the beleaguered lumber in dustry, which has been hit hard by the cross-border softwood lumber dispute, skyrocketing energy and insurance bills and a loonie
that at Northern Ontario Business deadline was hovering around 85 cents against the greenback.
The shock bank of canada rate cut has hit the loonie
averaged 91 cents to the American dollar in January, according to the monthly average exchange rate at market close, calculated by the Bank of Canada.
Despite the bearish loonie
data the USD/CAD saw very little reaction.
CNI suffered as anticipated the impact of a stronger loonie
on income, but benefited from a tax adjustment.