CANADIAN MEDIA
  • Home Page
  • World News
    • Africa
    • Asia
  • Law
    • Investigative Law
    • National Law/Justice
    • Global Law & Crime prevention
  • Politics
    • Global Politics
    • US Politics
    • National Politics >
      • Alberta
      • British Columbia
      • Quebec
      • Calgary
      • Edmonton
      • Manitoba
      • Ontario
      • Saskatchevan
  • Business
    • Developing countries
    • Global Business >
      • Global Economic Development
    • National Business >
      • Alberta
      • British Columbia
      • Manitoba
  • Health
    • National Health >
      • Alberta
      • British Columbia
      • Manitoba
      • New Brunswick
      • Newfoundland & Labrador
      • North West Territories
      • Nova Scotia
      • Nunavut
      • Ontario
      • Prince Edward Island
      • Quebec
      • Saskatchevan
      • Yukon
    • Global Health
  • Life
    • Arts/Architecture/Archeology
    • Book/Arthur/Movie Reviews
    • Canada-India News
    • Celebration/Observance/Recognition >
      • Global Celebration/Observances/Recognitions
      • National Celebration/Observance/Recognitions
    • Education/Culture/Festivals
    • Entertainment >
      • Intern'l Entertainment/Hollywood
      • NationalEntertainment
      • Entertainment-TIFF
      • Entertainment/Regional/Bollywood Films
    • Food/Nutrition/Agriculture
    • Interviews
    • Libraries/Museums/Archives >
      • Global Libraries/Museums/Archives
      • National Libraries/Museums/Archives >
        • Nat'l Museums PhotoStories
    • Media
    • Sports
    • Travel/Tourism
    • World Cinema
  • Earth
    • Animal issues
    • Astronomy >
      • ESA Photo Stories
      • NASA Photo Stories
      • NASA Videos
    • Biodiversity/Wild Life/Ecosystem
    • Earth Scie/Biotech/Archaeology/Agriculture
    • Environment/Climate Change/Forests
    • Fisheries & Oceans
    • Sci & Res
    • Technology & Innovation
  • Humanitarian
    • Domestic/Sexual Violence
    • FAO of UN
    • First Nations
    • Gender issues >
      • National Gender Issues
      • Global Gender Issues
    • Human Rights/Child rights
    • Human Trafficking
    • Humanitarian Aid
    • Immigration/Refugees/Citizens
    • Floods/Fire/NaturalDisasters/Accidents/Deaths
    • Peace/Security/Gun Violence >
      • Global Peace/Security/Gun Violenece
      • National Peace/Security/Gun Violence
    • Pride Toronto
    • Racial diversity
    • SDGs
    • UN Affairs
    • Women rights
  • Multimedia
    • FAO Photo Stories
    • ILO Videos
    • Lib of Congress Videos
    • News in photos
    • UN Photo Stories
    • UN videos
    • UNHCR Videos
    • Videos
    • WHO Videos
  • NASA Photo Stories

Canadian dollar rises, but NAFTA poses a risk to its stability

1/25/2018

0 Comments

 
#DavidDoyle, #BipanRai, #MacquarieCapitalMarkets, #CanadianImperialBankofCommerce, #CIBCCapitalMarkets, #NAFTA,  #NorthAmericanFreeTradeAgreement
​
Ottawa, Jan 25 (Canadian-Media): The Canadian dollar rose to its its highest level since September and traded at 81.37 US cents in the morning against the U.S. dollar, as oil prices also rose while U.S. crude oil was at over $66 US per barrel after passing the $65 mark for the first time since 2014, media reports said.
Picture
 Canadian dollar: courtesy of Canadian press
In spite of the five percent rise of  the Canadian dollar in the last month,  analysts have repeatedly said that instability of North American Free Trade Agreement (NAFTA) poses a bigger risk when it comes to the strength of the Canadian dollar and added that much is dependent on the direction of the U.S. dollar.

"In Canada, we focus on the loonie, but it's been almost every currency globally that's been rising relative to the U.S. dollar," David Doyle, analyst at Macquarie Capital Markets was reported to state.
​
The U.S. dollar had reportedly fallen to a three-year low on Wednesday.

"While oil prices are helping, it's the cyclical decline in the U.S. dollar combined with decent domestic numbers that are bolstering the loonie for now," Bipan Rai, strategist at Canadian Imperial Bank of Commerce (CIBC) Capital Markets was reported to state.

"Unless oil prices reach a level that drive fresh investment in the oil sands sector, the loonie's rise will be mostly reflective of the U.S. dollar's cyclical downtrend," Rai added

Rai was reportedly hopeful that Canadian dollar would continue to trade within a range of 80 to 83 US cents in the coming month but he also added that any decline in global demand that would impact Canadian exports would also lower the value of the loonie.  

(Reporting by Asha Bajaj)
​

0 Comments



Leave a Reply.

    RSS Feed

    Global Business

    All

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    February 2019
    December 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    November 2017
    October 2017

  • Home Page
  • World News
    • Africa
    • Asia
  • Law
    • Investigative Law
    • National Law/Justice
    • Global Law & Crime prevention
  • Politics
    • Global Politics
    • US Politics
    • National Politics >
      • Alberta
      • British Columbia
      • Quebec
      • Calgary
      • Edmonton
      • Manitoba
      • Ontario
      • Saskatchevan
  • Business
    • Developing countries
    • Global Business >
      • Global Economic Development
    • National Business >
      • Alberta
      • British Columbia
      • Manitoba
  • Health
    • National Health >
      • Alberta
      • British Columbia
      • Manitoba
      • New Brunswick
      • Newfoundland & Labrador
      • North West Territories
      • Nova Scotia
      • Nunavut
      • Ontario
      • Prince Edward Island
      • Quebec
      • Saskatchevan
      • Yukon
    • Global Health
  • Life
    • Arts/Architecture/Archeology
    • Book/Arthur/Movie Reviews
    • Canada-India News
    • Celebration/Observance/Recognition >
      • Global Celebration/Observances/Recognitions
      • National Celebration/Observance/Recognitions
    • Education/Culture/Festivals
    • Entertainment >
      • Intern'l Entertainment/Hollywood
      • NationalEntertainment
      • Entertainment-TIFF
      • Entertainment/Regional/Bollywood Films
    • Food/Nutrition/Agriculture
    • Interviews
    • Libraries/Museums/Archives >
      • Global Libraries/Museums/Archives
      • National Libraries/Museums/Archives >
        • Nat'l Museums PhotoStories
    • Media
    • Sports
    • Travel/Tourism
    • World Cinema
  • Earth
    • Animal issues
    • Astronomy >
      • ESA Photo Stories
      • NASA Photo Stories
      • NASA Videos
    • Biodiversity/Wild Life/Ecosystem
    • Earth Scie/Biotech/Archaeology/Agriculture
    • Environment/Climate Change/Forests
    • Fisheries & Oceans
    • Sci & Res
    • Technology & Innovation
  • Humanitarian
    • Domestic/Sexual Violence
    • FAO of UN
    • First Nations
    • Gender issues >
      • National Gender Issues
      • Global Gender Issues
    • Human Rights/Child rights
    • Human Trafficking
    • Humanitarian Aid
    • Immigration/Refugees/Citizens
    • Floods/Fire/NaturalDisasters/Accidents/Deaths
    • Peace/Security/Gun Violence >
      • Global Peace/Security/Gun Violenece
      • National Peace/Security/Gun Violence
    • Pride Toronto
    • Racial diversity
    • SDGs
    • UN Affairs
    • Women rights
  • Multimedia
    • FAO Photo Stories
    • ILO Videos
    • Lib of Congress Videos
    • News in photos
    • UN Photo Stories
    • UN videos
    • UNHCR Videos
    • Videos
    • WHO Videos
  • NASA Photo Stories