The Canadian dollar hit an eight - month low of C$ 1.3002 per U.S. dollar as U.S. President Donald Trump used proposed tariffs on steel and aluminium as a bargaining chip in talks to revamp NAFTA.
Not exact matches
The panelists also believe the
Canadian dollar, which
hit 92 cents US today, will be worth 90 cents US by the end of year, not far from what they believe is the ideal value of the loonie (87 cents US) for business.
The
Canadian dollar bottomed out in late 2002, then rose quickly,
hitting the 80 - 85 cent PPP level in 2004 and continuing to increase from there.
As Tamsin McMahon wrote a couple of weeks ago in Maclean's,
Canadians owe an average of $ 1.53 for every
dollar they earn — just below where American debt stood when housemageddon
hit south of the border.
In May of this year the total speculative net - short position in
Canadian dollar (C$) futures
hit an all - time high, meaning that the C$'s sentiment situation was more bullish than it had ever been.
Household debt continues to
hit record highs, with
Canadians owing $ 1.67 for every
dollar of disposable income they earned at the end of the third quarter of 2016.
By midday, the
Canadian dollar was trading at 80.69 U.S. cents, after
hitting 80.90 cents soon after the data was released.
The
Canadian dollar lost more than a third of a cent Wednesday and the Mexican peso got
hit harder: it was down more than 1.5 per cent on the day.
And on top of that once you sell a security they forcefully convert it back to
Canadian dollars at a «reasonable rate», problem is that also with conversion of currency there is a spread, so you end up getting
hit anyways.
At the same time, the
Canadian dollar has managed to
hit lows not seen in more than a decade in recent weeks.
A rising
Canadian dollar is good news for snowbirds and importers, but if you hold foreign equities in your portfolio, you've taken a
hit.
Researchers at the U.S. investment firm expect the
Canadian dollar to
hit 88 cents USD in 2014 as our trade deficit grows, according to media reports.
Household debt continues to
hit record highs, with
Canadians owing $ 1.67 for every
dollar of disposable income they earned at the end of the third quarter of 2016.
You may take a
hit if the currency the bond is issued in loses value against the
Canadian dollar.
Due to the massive decrease in the price of oil, the
Canadian dollar took a big
hit.