loonie

Canada to drop penny from circulation


July 31st, 2012 - 1:18 pm ICT by IANS
Ottawa, July 31 (IANS) Canada will no longer circulate the one-cent coin as of Feb 4, 2013, Finance Minister Jim Flaherty announced.In his 2012 federal budget delivered in March, Flaherty ... Read more...

Posted in Business |

Canadian markets hit pre-recession levels


December 2nd, 2010 - 11:15 am ICT by IANS
By Gurmukh Singh Toronto, Dec 2 (IANS) Canadian markets hit a new high Wednesday after the global meltdown, with the composite index on the Toronto Stock Exchange (TSX) closing at 13,148.35 points.The last ... Read more...

Posted in Business |

Canadian currency becomes costlier than US dollar


April 15th, 2010 - 12:58 pm ICT by IANS
Toronto, April 15 (IANS) Driven up by rising commodity and oil prices, the Canadian dollar has crossed parity with the US dollar for the first time in two years. At the end of ... Read more...

Posted in Business |

Canadian currency nears parity with US dollar, markets hit new high


March 13th, 2010 - 10:42 am ICT by IANS
Toronto, March 13 (IANS) Canadian markets Friday crossed the 12,000-mark and the Canadian dollar reached record levels against the US for the first time since mid-2008. While the markets made small gains on ... Read more...

Posted in Business |

Canadian economy posts record growth


March 2nd, 2010 - 9:26 am ICT by IANS
Toronto, March 2 (IANS) The Canadian economy bounced back with a record growth in the fourth quarter of 2009, official figures released Monday said. Beating all predictions, the economy posted an annualized growth ... Read more...

Posted in Business |

Runaway Canadian currency at near parity with dollar


October 15th, 2009 - 2:34 pm ICT by IANS
Toronto, Oct 15 (IANS) The Canadian dollar has almost reached parity with the US greenback, with the loonie, as the Canadian currency is known, touching 98 cents US Wednesday. This is the ... Read more...

Posted in Business |

Canadian currency at record levels against US dollar


October 7th, 2009 - 9:25 am ICT by IANS
Toronto, Oct 7 (IANS) The Canadian dollar hit the highest level in 2009 against the US greenback Tuesday. The loonie - as the Canadian dollar is known - reached 94.66 US cents during ... Read more...

Posted in Business |

Novel minimally invasive surgery for treating spinal cancer patients


September 8th, 2009 - 1:07 pm ICT by ANI
Washington, Sep 8 (ANI): Doctors at Toronto Western Hospital have come up with a new minimally invasive, outpatient spine surgical procedure for treating cancer that has spread to the spine.It is believed ... Read more...

Posted in Health Science |

Canadian dollar on rampage, government worried


August 5th, 2009 - 9:05 am ICT by IANS
Toronto, Aug 5 (IANS) The Canadian dollar - the only among the major global currencies - is on the rampage, reaching its highest level against the US dollar in 2009 Tuesday. The loonie, ... Read more...

Posted in Business |

Rising Canadian dollar threatens recovery


August 3rd, 2009 - 11:14 am ICT by IANS
Toronto, Aug 3 (IANS) The Canadian economy is yet to get back on the revival path and the runaway Canadian dollar is threatening to thwart any hopes of recovery. The loonie, as the ... Read more...

Posted in Business |

Canada’s jobless rate jumps to 8.6 percent


July 11th, 2009 - 12:26 pm ICT by IANS
Toronto, July 11 (IANS) The unemployment rate in Canada, the most robust of all G8 economies during the current global crisis, has jumped to 8.6 percent, a national report here has said. Releasing ... Read more...

Posted in Business |

After month-long rally, Canadian markets slipping


June 18th, 2009 - 11:34 am ICT by IANS
Toronto, June 18 (IANS) The almost month-long rally on the Canadian markets is over, with the Toronto Stock Exchange (TSX) index slipping 5.4 percent in the three sessions of the week. For the ... Read more...

Posted in Business |

Oil price drop halts rally in Toronto bourse


June 4th, 2009 - 12:06 pm ICT by IANS
Toronto, June 4 (IANS) As oil prices retreated after a week-long rise when it almost touched $70 a barrel, the world's biggest energy stock market here slipped nearly 300 points Wednesday. The Toronto ... Read more...

Posted in Business |

Canadian currency in overdrive


May 30th, 2009 - 1:19 pm ICT by IANS
Toronto, May 30 (IANS) The Canadian dollar is in overdrive. The loonie - as it is called - rose to 92 US cents Friday, raising fears about its adverse impact on the ... Read more...

Posted in Business |

Canadian currency makes record gains against dollar


April 16th, 2009 - 10:39 am ICT by IANS
Toronto, April 16 (IANS) The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally. The energy-rich Canadian markets have gained ... Read more...

Posted in Business |

Canadian currency too surges against US dollar


March 20th, 2009 - 10:08 am ICT by IANS
Toronto, March 20 (IANS) The Canadian dollar followed the euro and the pound to rise sharply against the US dollar Thursday. Following the decision of the US Fed Wednesday to purchase ... Read more...

Posted in Business |

Canadian dollar sinks to five-year low


March 10th, 2009 - 11:30 am ICT by IANS
Toronto, March 10 (IANS) The Canadian dollar sank to its lowest level in five years Monday amid continuing market slide on the opening day of the week. The loonie (as the Canadian dollar ... Read more...

Posted in Business |

Big gains for Canadian markets


February 25th, 2009 - 10:22 am ICT by IANS
Toronto, Feb 25 (IANS) US Federal Reserve Chairman Ben Bernanke's assessment Tuesday that the recession may be over by the end of the year had a positive impact even on Canadian markets. The ... Read more...

Posted in Uncategorized |

Canadian dollar falls to lowest level in 11 months


August 6th, 2008 - 11:40 am ICT by IANS
Toronto, Aug 6 (IANS) The Canadian dollar fell to its lowest level against the US dollar Tuesday since September, closing at 95.98 US cents. At Friday's close, it stood at 97.66 US ... Read more...

Posted in World |

Canada gets record FDI since tech bubble


May 7th, 2008 - 9:33 am ICT by admin
By Gurmukh Singh Toronto, May 7 (IANS) Resources-rich Canada attracted a record foreign direct investment in 2007, registering the biggest jump in the past eight years. Releasing the annual report Tuesday, Statistics Canada ... Read more...

Posted in Business |

Canada almost in recession, says bank


April 25th, 2008 - 3:59 pm ICT by admin
By Gurmukh Singh Toronto, April 25 (IANS) The US economic slowdown and global financial crunch have cast their shadow on resources-rich Canada, which has almost entered recession, according to the Bank of Canada. ... Read more...

Posted in World |

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