This translation has been automatically generated and has not been verified for accuracy.The Canadian dollar strengthened to its highest in nearly six weeks against its U.S. counterpart on Monday, supported by higher oil prices and lowered expectations for a Bank of Canada interest rate cut this year.
Gains for the loonie on Monday came as stocks were boosted by hopes of stimulus from the world’s central banks to support slowing growth.Canada exports many commodities including oil, so its economy could benefit from an improved outlook for the global economy. Meanwhile, chances that the Bank of Canada will ease by December have fallen to less than 40% from about 50% before domestic data on Friday showing a bigger-than-expected jobs gain in August.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five things to watch for in the Canadian business world in the coming weekStatistics Canada will release its latest reading on household debt in its national balance sheet and financial flow accounts report on Friday. The report includes the much-watched household debt-to-income ratio. Household debt is not going to improve despite all the photo ops done by the Liberals! Housing prices are still 55K higher than when the Liberals took office. The Liberal ponzi scheme for mortgages will not fix the systemic issues with real estate!
Source: CTVNews - 🏆 1. / 99 Read more »
Search warrants served in California boat fire investigationAuthorities served search warrants Sunday at the Southern California company that owned the scuba diving boat that caught fire and killed 34 people last week.
Source: CTVNews - 🏆 1. / 99 Read more »
B.C. men among 13 charged in massive cross-border drug ringThe U.S. alleges the Canadians transported ecstasy to the U.S. in exchange for cocaine and methamphetamine I just want 1 rubber band, that's it, you guys wont even notice So, coke-porrige everyday breakfast 4 Vancos.
Source: VancouverSun - 🏆 49. / 61 Read more »
Report: Brittni Donaldson expected to join Raptors coaching staff - Sportsnet.caDefending NBA Champions, the Raptors, are reportedly expected to add former data analyst Brittni Donaldson to their coaching staff. Raptors Why don’t they just make it mandatory that every team have 2 female players. Isn’t that where it’s all going towards
Source: Sportsnet - 🏆 57. / 59 Read more »
Donaldson promoted to Raptors' bench, becomes NBA's 10th female assistantThe Toronto Raptors are adding Brittni Donaldson to their bench in a coaching shuffle.
Source: CP24 - 🏆 30. / 67 Read more »
Fixed or variable? Why this weeks’ sudden rally in bond yields may be reshaping the debateFixed or variable? Why this weeks’ sudden rally in bond yields may be reshaping the debate GlobeMoney
Source: globeandmail - 🏆 5. / 92 Read more »