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Here's a roundup of some of the Globe's recent coverage of the rising loonie:
Newest
- The Canadian dollar's ascent against the greenback this year has been well publicized. But how does it stack up against other major currencies? Tavia Grant finds out: How the Canadian dollar stacks up
- A Canadian dollar that persists around the 95-cent (U.S.) mark next year could slice as much as 3 per cent from the country's economic growth, Export Development Canada warned Tuesday:
Canadian dollar could derail growth: EDC
- Globe Investor has started a special education series of articles on understanding the Canadian dollar. Part one: What should the value of the Canadian dollar be?
- Konrad Yakabuski wrote the weekend Globe Essay and answered questions in an online discussion about why he believes it's time for Canada and the United States to share the same currency: Should Canada and America share the same dollar?, Putting to rest a too vigorous bird
- The Canadian dollar's race toward parity risks “more than fully” offsetting the benefits from a surprisingly strong recovery from recession, the Bank of Canada said Tuesday. Explaining their decision to leave the benchmark interest rate at a record low of 0.25 per cent, policy makers said the loonie's ascent to levels around 97 cents (U.S.) in recent weeks is hurting Canadian exporters' ability to participate in a global economic rebound that is stronger than they expected it would be in July.
Strong dollar holding back recovery
- The Canadian dollar tumbled more than a cent after the Bank of Canada warned the strong currency will slow economic growth. Dollar nosedives on bank comments
- When commodity prices are up and economic fundamentals are improving, the Canadian economy tends to purr - and a rising loonie only helps, David Berman reports: The bright side of a stronger loonie
- The loonie's strength has caught many strategists by surprise, and underscores the difficulties in pinpointing global currency directions, Tavia Grant writes: Market watchers wary of dollar's shine
Last week
- How to make the rising dollar your best friend : When the Canadian dollar gets to par, it's time to load
- The Canadian dollar took flight again Wednesday, passing 97 cents (U.S.), amid higher oil prices and as global investors offloaded the U.S. currency. Canadian dollar extends streak
- The embattled U.S. dollar sank again Tuesday, driving the loonie past 97 U.S. cents, and also pushing gold and oil higher. Loonie, gold, oil rise as dollar sinks
October
- The Canadian dollar powered to its highest level in more than a year Friday, hitting 95.93 cents (U.S.) in morning trading – and rekindling speculation on when it might reach parity with the U.S. dollar. Loonie jumps on jobs data
- The Bank of Canada repeated its concern about the strength of the Canadian dollar on Thursday, warning that it could delay the return of inflation to the bank's 2 per cent target. Bank of Canada repeats dollar warning
- International currency traders are treating Canada like Australia, strategists say, expecting the Bank of Canada to follow with its own interest rate hike, despite repeated comments from the Canadian central bank that rates will likely stay on hold until the middle of next year. Currency traders bet Canada will follow Australia
- The loonie was little changed after the market's closed Wednesday after record gold prices sent the currency to a one-year high earlier in the day. Loonie stays near one-year high
- Australia's surprise interest rate hike, the first among the Group of 20 countries, set off a wave of optimism that rippled through currency and stock markets Tuesday.Stocks, loonie surge on Australia rate hike
- The loonie jumped more than a penny Wednesday as investors sold the U.S. currency and as oil prices gained ground: Loonie jumps on oil prices
- Market watcher and Canadian dollar bull says currency withstood 'a very severe shot' from Carney and sees the loonie poised for further gains: Gartman impressed by loonie's reslience
