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Archive for the ‘Canadian Dollar’ Category

Canada’s Finance Minister Satisfied with Lower CAD

Friday, November 23rd, 2007

Jim FlahertyJim Flaherty, Canadian Minister of Finance, said today that he is glad to see Canadian dollar losing against U.S. dollar on Forex, after there were almost three month of unstoppable appreciation of the Canada’s currency. As the rallying Canadian dollar’s appreciation hurts exporters, Canada’s economy could be at the risk, giving government another concern to worry about.

Canadian Dollar Dips On Bada Statistics

Thursday, November 22nd, 2007

Canadian DollarYesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released.