News Analysis The Canadian dollar not appreciating in tandem with oil has thrown a wrench into the Bank of Canada’s plans in its fight against inflation amid its claims that the economy will side-step a recession. Moreover, analysts see the loonie weakening and crude prices still benefiting from impediments to higher global supply—a combination that…
Falling Canadian Dollar Amid Rising Oil Prices: Bucks Tradition, Stokes Inflation
Rising Canadian Dollar a Headwind for Economic Rebound
The Canadian dollar’s strength is acting as a headwind for the country’s economic recovery, but its rally isn’t happening in isolation, as broad U.S. dollar weakness has been a trend since last spring
Final Countdown to Spend $1, $2 Bills in Stores as They Lose Status in 2021
Canadians still holding on to old paper money have until midnight tonight to spend it, as stores will stop accepting certain denominations after the new year. Some bank notes made between 1935 and 1986 will lose the government’s legal tender status at midnight. The Bank of Canada’s website says the affected notes can still be…
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