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Tag: loonie
CIBC exploring U.S. expansion despite lower loonie
2016-04-06 02:55:49| Grocery - Topix.net
Canadian Imperial Bank of Commerce continues to look for expansion opportunities in the United States, even as rising asset prices and a lower Canadian dollar have posed challenges for acquisition attempts for more than a year. "We know that our business banking and our corporate banking clients are expanding from Canada into the U.S., as they deploy capital into that marketplace.
Tags: lower
expansion
exploring
cibc
Transat AT earnings battered by low loonie, Zika virus and strike threat
2016-03-10 23:09:51| Real Estate - Topix.net
Tour operator Transat AT expects to struggle with profitability over the rest of the winter season amid an ongoing hit from the low Canadian dollar, the impact of the Zika virus on travel plans and a recently resolved labour dispute. The Montreal-based company estimates that over the last three winters, including this one, it has had to absorb about $150 million in net additional costs even after accounting for savings from lower fuel prices - or about $70 per tour package booked.
Transat AT posts Q1 loss despite higher revenue as weak loonie pushes up costs
2016-03-10 15:52:13| Real Estate - Topix.net
Transat AT posted a loss in its latest quarter, which included the Christmas holiday period, despite higher revenue as the weak Canadian dollar hurt its results. The travel company said the loonie's weakness against the U.S. dollar resulted in higher overall costs that weren't completely offset by lower fuel prices or higher average selling prices for its services.
TSX, loonie soar as oil prices rebound; U.S. indexes mixed
2016-02-04 05:31:05| Energy - Topix.net
The Canadian dollar soared to its biggest one-day gain in nearly four years Wednesday as volatile oil prices turned sharply higher and the Toronto stock market posted a triple-digit gain. The loonie ended the day up 1.32 U.S. cents at 72.61 cents US.
Tags: prices
oil
mixed
indexes
Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec
2016-01-29 02:30:51| Food - Topix.net
The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.