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Tag: loonie
Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec
2016-01-29 01:12:40| Agriculture - 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.
At midday: TSX, loonie falls as telecoms drag
2015-12-17 18:32:19| Telecom - Topix.net
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York Dec. 17. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York Dec. 17. Canada's main stock index slipped on Thursday as telecom stocks weighed after Shaw Communications Inc said it planned to jump into wireless with a $1.6-billion bid for recent entrant Wind Mobile. Shaw fell 8.8 per cent to $24.59 as investors fretted about how it would finance the deal, while its main rival in Western Canada, Telus Corp, lost 8.5 per cent to $37.18 on an expectation of intensified wireless competition.
5 things that could get pricier as the loonie plummets
2015-07-18 15:21:06| Grocery - Topix.net
Consumers could end up paying the price as a Bank of Canada rate cut, persistently low oil prices and market uncertainty have combined to drive the loonie lower. The Bank of Canada cut its key interest rate by a quarter of a percentage point Wednesday, lowering the rate to 0.5 per cent and sending the Canadian dollar spiralling.
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Loonie up ahead of trading on North American stock markets
2015-07-09 15:57:14| Biotech - Topix.net
The Canadian dollar was up about one-third of a U.S. cent ahead of trading on North American stock markets. The loonie traded at 78.84 cents US, up 0.35 of a U.S. cent from Wednesday's close.
Tags: north
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North American stocks rise, loonie strengthens sharply as Fed says April rate hike unlikely
2015-03-19 01:37:20| Energy - Topix.net
North American stock markets enjoyed a solid lift Wednesday on indications that the U.S. Federal Reserve is in no rush to move interest rates away from near zero, where they've been since the 2008 financial crisis. The S&P/TSX composite index ran up 63.71 points to 14,962.24 as the Fed said that it first wants to see further improvement in the economy, particularly in job creation and inflation levels.
Tags: april
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