The Canadian dollar may have pulled back from its historic lows, but the
loonie could be headed for a rocky summer, an economist at TD Bank
cautioned Thursday. cbc.ca/cgi-bin/view?/news/2001/05/24/dollar_010524
7/May/2001 Dollarization debate is inevitable
By: L. IAN MACDONALD Canadians are not ready for a debate on dollarization, and the torrent of emotions that would be unleashed in any discussion of a common currency with the United States.
All it takes is the governor the Bank of Canada thinking out loud, as David Dodge was doing last week, to produce the kind of stupid front-page headline that resulted in the National Post: "Rift opens over dollar's future," with the hysterical subhead "Central banker speculates openly on eventual union with U.S. currency."
5/Dec/2000 THIESSEN SAYS TO LET THE LOONIE FLOAT
In a speech to the Montreal Board of Trade on Monday, Bank of Canada
governor Gordon Thiessen said letting the loonie float freely is better
than pegging it to the U.S. currency. He said a flexible exchange rate
supports Canada's economic independence.
cbc.ca/cgi-bin/view?/news/2000/12/04/thiessen001204
Floating loony buoys Canada, Thiessen says
By: SHEILA McGOVERN The Gazette
Letting the dollar float freely - even if it plummets - is better than surrendering the country's economic independence, Canada's top banker says.
In one of his last speeches as governor of the Bank of Canada, Gordon Thiessen told members of the Montreal Board of Trade yesterday "the real value of a floating exchanging rate for Canada is that it allows us to have different monetary conditions than the United States - monetary conditions appropriate to our own economic circumstances."
28/Nov/2000 Election could solve mystery of loony's dive
By: JAY BRYAN The Gazette
There's every likelihood that yesterday's election won't settle the deeper controversies dividing Canadians, but it might help unravel one nagging mystery: what's behind the baffling weakness of Canada's dollar?
Although Canada now enjoys one of the industrial world's fastest-growing economies, with low inflation, low unemployment and a stock market that has outpaced those of most others, the dollar has been weakening against its U.S. counterpart for most of this year, confounding the expectations of many economic forecasters.
27/Nov/2000 CANADIAN DOLLAR ABOVE 65 CENTS US; AT 3-WEEK HIGH
The Canadian dollar broke above the 65-cent US level Monday, as the U.S.
dollar failed to gain strength from Sunday's election recount
developments, and traders bet that Canadians won't elect a minority
government.
cbc.ca/cgi-bin/view?/news/2000/11/27/dollar001127
Stop the weak excuses for our weak dollar
November 24, 2000 Stop the weak excuses for our weak dollar No, the diving loonie is not a good thing and the rest of the world knows it Sherry Cooper National Post The weakness in the Canadian dollar is a major concern to foreign investors in our markets. I have received countless, troubled phone by Sherry cooper
IT'S THE ECONOMY, STUPID
22/Nov/2000 Wed 977
The presence of Jacques Clément and other experts ensured a knowledgeable discussion of economic issues
With a 5% rate of real growth this year and a projected 3 to 3 ½ % next year, Canada's economy is doing very well, the best in fact, of the G-7 countries. Oil prices which have had absolutely no effect on non-energy inflation, should stabilize around the thirty dollar level. Our core inflation rate is a full percent below that of the United States, although our productivity growth is just half that of the Americans. With a current account surplus of thirty billion dollars this year and a trade surplus of sixty billion, it appears paradoxical that our dollar continues to slide and will not likely stabilize until it reaches the sixty cent mark. The weakening of the Canadian dollar can be attributed to the strength of the U.S. dollar, [a poor excuse] a weakness in the non-energy commodity market and an ever increasing amount of money being invested abroad. Although in the long term we may see a North-American common currency, in the near and mid term, any advantage of tying our currency to the American dollar would be more than offset by the loss of monetary policy autonomy.
7/May/2001 Dollarization debate is inevitable
By: L. IAN MACDONALD Canadians are not ready for a debate on dollarization, and the torrent of emotions that would be unleashed in any discussion of a common currency with the United States.
All it takes is the governor the Bank of Canada thinking out loud, as David Dodge was doing last week, to produce the kind of stupid front-page headline that resulted in the National Post: "Rift opens over dollar's future," with the hysterical subhead "Central banker speculates openly on eventual union with U.S. currency."
Fri 4/27/01 7:00 AM A bigger bang for our buck
Canadians have good reason to be concerned about the chronic weakness of our currency compared to the U.S. dollar. Despite ever closer trade and investment links with the United States, the loony has lost 30 per cent of its value against the U.S. dollar over the past decade.
The costs of this decline are real. International travel can be more expensive, imports of goods and services cost more, Canadian companies become a cheaper target for foreign takeovers and the cost of importing new technology goes up.
8/Dec/2000 CANADIAN DOLLAR RALLIES FRIDAY
The Canadian dollar enjoyed its second surge of the week Friday, gaining
half a cent to $65.89 cents US. It's a level that hasn't been seen since
Oct. 25. cbc.ca/cgi-bin/view?/news/2000/12/08/dollar001208
5/Dec/2000 THIESSEN SAYS TO LET THE LOONIE FLOAT
In a speech to the Montreal Board of Trade on Monday, Bank of Canada
governor Gordon Thiessen said letting the loonie float freely is better
than pegging it to the U.S. currency. He said a flexible exchange rate
supports Canada's economic independence. cbc.ca/cgi-bin/view?/news/2000/12/04/thiessen001204
Floating loony buoys Canada, Thiessen says
By: SHEILA McGOVERN The Gazette
Letting the dollar float freely - even if it plummets - is better than surrendering the country's economic independence, Canada's top banker says.
In one of his last speeches as governor of the Bank of Canada, Gordon Thiessen told members of the Montreal Board of Trade yesterday "the real value of a floating exchanging rate for Canada is that it allows us to have different monetary conditions than the United States - monetary conditions appropriate to our own economic circumstances."
see dollar to slide'
18/Nov/2000 Chris GoodFellow You can cleary see it has broken the trend line down on LOW volume...to
achieve a temporary bottom there will have to be a sell off with some
volume... It's going to break 60 cents before year end David. The US fed is
not loosening and I expect the interest rate differentials are what is
driving this short-term .
14/Nov/2000 Currency woes stump the experts
By: JAY BRYAN The Gazette
With the loony hovering uncertainly just above the record low it hit two years ago and a raucus federal election campaign in full cry, there must be at least a few Canadians who wonder why the dollar's value hasn't become an election issue.
The answer probably is that even with the Canadian dollar worth less than 65 cents U.S, an opposition party might be hard-pressed to offer any convincing evidence that it could do a better job than the ruling Liberals.
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