Canadian dollar flirts with U.S. parity

The Canadian dollar has reached parity with its U.S. counterpart because of the Bank of Canada’s commitment to a tightening bias. Despite struggling economies in the U.S. and the euro zone, the Canadian dollar will likely hover around the parity mark for the remainder of the year, according to one analyst. “The Bank of Canada



Loonie expected to remain slightly below parity

Commodity News Service Canada / The loonie will likely remain slightly below parity with the U.S. greenback as continued global economic uncertainty will weigh on the Canadian currency, predicts currency analyst Greg Moore. The FX Strategist with TD Securities in Toronto expects the Canadian dollar to trade around 97 cents in the second quarter and around

Steady-as-she-goes forecast for loonie

Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to