TORONTO, March 1 (Reuters) – The Canadian dollar rose
against the U.S. dollar for the fourth straight day on Thursday
as the lingering positive impact of a huge cash injection by the
European Central Bank outweighed fears that further U.S.
monetary easing could be on hold.
U.S. Federal Reserve Chairman Ben Bernanke offered a
tempered view of the economy on Wednesday, pouring cold water on
the notion that recent upbeat data heralded a stronger recovery.
TORONTO, Feb 29 (Reuters) – The Canadian dollar surged
to its strongest level in more than 5 months against the U.S.
dollar on Wednesday after a robust uptake of the European
Central Bank’s latest offer of cheap loans buoyed riskier
Around 800 banks took 530 billion euros ($711.45 billion) at
the ECB’s second-ever offering of three-year funding,
essentially in line with market expectations, driving demand for
higher yielding currencies at the expense of the euro.
TORONTO, Feb 28 (Reuters) – The Canadian dollar hit a
one-week high against its U.S. counterpart on Tuesday as riskier
assets priced in an injection of cheap cash by the European
Central Bank that would boost liquidity for banks and ease
borrowing costs for troubled nations.
Markets expect European banks to borrow about 500 billion
euros ($670 billion) of funds to be offered by the ECB at
Wednesday’s long term refinancing operation (LTRO), although
forecasts range from 200 billion to 750 billion euros.
TORONTO, Feb 27 (Reuters) – Canada’s dollar drifted
back below parity against the U.S. dollar on Monday to its
softest level in more than a week as concerns that rising oil
prices could prevent an economic recovery weighed on riskier
assets, even commodity currencies.
While surging oil prices, spurred by worries over
disruptions to Middle East supplies, can support the
resource-linked Canadian dollar, worries about its
impact on U.S. and global growth kept investors wary.
TORONTO, Feb 24 (Reuters) – The Canadian dollar was
little changed against the U.S. dollar on Friday as
recent optimism spurred by positive global economic data was
offset by unease about high oil prices and the implementation of
Greece’s rescue deal.
A day after hitting a record high in euro terms, Brent crude
jumped above $124, raising worries a run of sharp price gains
could stymie the euro zone’s growth prospects, making it harder
for governments to meet budget targets and pull the currency
bloc out of its debt crisis.
TORONTO, Feb 23 (Reuters) – Pilots at Canada’s Porter
Airlines Inc are attempting to form a union at the closely held
short-haul carrier, an organizing drive that formally began in
early January, a Porter pilot familiar with the situation said
A six-member interim executive for the Porter Airlines
Pilots Association, or PAPA, has sent an email, obtained by
Reuters, to scores of the airline’s 250 or so pilots,
urging them to sign membership cards.
TORONTO, Feb 23 (Reuters) – The Canadian dollar
strengthened back through parity against the U.S. dollar on
Thursday as better-than-expected German data eased concerns
about a bleak euro zone economic outlook and a rally in oil
prices fueled commodity currencies.
However, markets remained wary about the negative impact of
higher oil prices and potential problems implementing Greece’s
bailout. Broader concern over the economy was also borne out by
European Commission forecasts showing the euro zone would
contract this year.
TORONTO, Feb 21 (Reuters) – Canada’s dollar was little
changed against its U.S counterpart on Tuesday as enthusiasm
over a long-awaited deal on a second bailout for Greece was
tempered by concern over its implementation of painful austerity
The Canadian dollar stood at C$0.9960 to the U.S.
dollar, or $1.0040, off slightly from Friday’s North American
finish at C$0.9957 versus the U.S. dollar, or $1.0043. Most
Canadian markets were closed on Monday for a holiday, as was
TORONTO, Feb 17 (Reuters) – The Canadian dollar firmed
to a session high against the U.S. dollar on Friday after data
showed inflation in January rose more than expected, dampening
some market expectations of a rate cut by the Bank of Canada
later this year.
The annual rate increased to 2.5 percent in January from 2.3
percent in December on higher prices for energy and
transportation, Statistics Canada said.
TORONTO (Reuters) – Toronto, which is also known as Hollywood North – likes to stand in for its more famous U.S. neighbour New York, but Canada’s largest metropolis is a star all its own, which is often overlooked and under-hyped.
Toronto is North America’s fifth biggest city and Canada’s financial and artistic powerhouse. Its thriving and liveable downtown is an eclectic mix of skyscrapers, historic buildings, charming parks and some avant-garde architecture that is either loved or loathed.