The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from a five-week high as oil prices fell after OPEC signalled it would go no further with production cuts than markets previously expected.
Bank of Canada 'trying to keep the dollar as low as possible' with rate hold: CIBC's Tal
“I think the Bank of Canada is trying to keep the dollar as low as possible,” CIBC's chief economist said. “I think that’s their agenda. And everything they’re doing is based on this agenda.”
Fed to hold off on rate hike until economic rebound solidifies
U.S. Federal Reserve policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory, minutes from their last policy meeting showed on Wednesday.
NAFTA gets a vote of support from Dallas Fed president
"I believe the analysis is catching up with the rhetoric,” Dallas Federal Reserve Bank head Robert Kaplan said. “I am more optimistic that, yes, NAFTA will be negotiated or renegotiated in a way that takes that into account.”
Job searches in smaller towns surge as big-city costs rise: Report
Communities such as Alliston, Dundas, Innisfil and Timmins, Ont., and Dawson Creek B.C. were among the highest percentage gainers on the site’s searches during from April 2016 to March 2017.
Moody's downgrades China, warns of fading financial strength as debt mounts
Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.
Bitcoin hit a record of US$2,409 on the BitStamp platform and was last up 4.3 per cent at US$2,363. So far this year, the price of bitcoin has more than doubled.
Freeland, Mexican Foreign Minister say NAFTA renegotiation talks should be trilateral
Canadian Foreign Minister Chrystia Freeland said on Tuesday that NAFTA trade talks between the United States, Canada and Mexico should be trilateral, saying that approach was common sense.
March wholesale trade climbs 0.9% to hit record
The value of Canadian wholesale trade grew by 0.9 percent in March from February to hit a record, pushed up by demand for building materials and supplies, Statistics Canada said on Tuesday.
Canada Summer Jobs funding requests surpass Ottawa's expectations
The program is one piece in a larger puzzle that the government is trying to solve about how to boost youth employment for now and in the future in the face of a rapidly shifting economy.