Stephen Poloz »

  • H.S. Borji

    The Canadian dollar snapped a four-day losing streak against its US counterpart Tuesday, as demand for the greenback moderated ahead of the Federal Reserve’s December rate announcement, while oil prices continued to slump. The loonie, as the Canadian dollar is known, climbed back toward 86 US cents, reaching an intraday high of 0.8613 US. The

  • H.S. Borji

    The Canadian dollar continued to plunge Friday, as falling oil prices continued to weigh on the commodity-sensitive currency despite stronger than forecast growth data. The loonie, as the Canadian currency is known, bottomed out at 0.8818 US in intraday trade. It would subsequently consolidate at 0.8750 US, declining 0.77 percent. Canada’s currency is down 1.8

  • H.S. Borji

    The Canadian dollar continued to plummet Tuesday, as a cautious Bank of Canada Governor outshined an unexpected rise in exports. The loonie, as the Canadian currency is known, tumbled for a fourth consecutive day, falling 0.47 percent to 0.8767 US. The currency has lost 2.1 percent over the last five days. The USDCAD was trading

  • H.S. Borji

    Weak oil prices could shave a quarter percentage point off Canada’s gross domestic product next year, according to Bank of Canada Governor Stephen Poloz. Testifying before the Senate banking committee on Wednesday, Poloz said persistently low oil prices could weigh on Canada’s growth prospects in 2015. Oil prices below $90 US a barrel, in Poloz’s

  • H.S. Borji
    Business » Poloz Takes the Stage
    H.S. Borji - September 15, 2014, 22:32 GMT

    Bank of Canada Governor Stephen Poloz will deliver a speech at the Drummondville Economic Development Society on September 16. The topic, “The role of a floating exchange rate in the Canadian economy and the Bank’s policy framework,” could touch upon several important aspects of the Canadian economy ranging from the value of its currency to

  • H.S. Borji

    The Bank of Canada left its key rate target unchanged on Wednesday, as policymakers maintained their neutral stance on monetary policy amid signs the economy was gradually improving. The target for the overnight rate was maintained at 1 percent, the BOC reported today. The BOC has left interest rates on hold for four years and

  • H.S. Borji

    Canada’s gross domestic product grew faster than forecast in May on the strength of broad-based advances in most industries, but the Canadian dollar continued to slide as the US dollar asserted its dominance. The loonie, as Canada’s currency is known, declined for a third consecutive day against its US counterpart, hitting a session low of

  • H.S. Borji

    The Canadian dollar declined further against its US counterpart Friday, tumbling to a more than four-week low amid stronger demand for the greenback. The loonie, as Canada’s currency is called, declined 0.29 percent to 0.9279, its lowest level since June 20. The loonie is pacing for a weekly decline of 0.37 percent against the greenback.

  • H.S. Borji

    The Canadian dollar declined against its US counterpart Monday, as a dearth of economic data from both countries kept the markets looking ahead to US consumer inflation and housing data scheduled for Tuesday. The loonie, as Canada’s currency is called, declined 0.12 percent to 0.9305 US. The USDCAD pair advanced 0.12 percent to 1.0744. The

  • Forex » USD/CAD Trading above 20-day Average
    June 3, 2014, 17:11 GMT

    The US dollar advanced for a second day against its northern counterpart, as a dearth of Canadian economic data in the early part of the week kept the greenback in the driver’s seat. The USDCAD advanced to 1.0912, an increase of 0.13 percent. The pair rose to an intraday high of 1.0922. The trend index

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