Canadian Dollar News

Canadian Dollar News From AOL News

US Wants to Take Your Dollars -- and Replace Them With Coins

Americans are a tight-fisted people when it comes to their dollars. So in order to replace the paper currency with dollar coins -- a long-advocated move that could save the government an estimated $5.5. billion over 30 years -- the General Accountability Office called on Congress, the Federal Reserve and the Treasury to...

Paul Kelly Admits Escrow Payments to Rise

Last night between games on HNIC, NHLPA executive director Paul Kelly was interviewed by Ron MacLean (link to HD video of the entire interview). The first thing they discussed was the rumor that escrow payments made by the players would be rising from 13% of their pay to 17-20%. Kelly wouldn't say exactly how much the...

Revenue Disaster for the NHL?

Following up on my post from last week about the US Dollar's rise potentially affecting the salary cap, Tom Benjamin had a short post today about this issue. On the subject of revenues vs. the cap Tom B. has this to say:If revenues actually do fall we are into uncharted waters, but the cap formula includes an automatic 5%...

Will the US Dollar Sink the Salary Cap?

For those who follow the goings on in the financial markets closely, the recent rally in the US Dollar in terms of the trade-weighted index was quite an event, considering the extreme weakness of world's reserve currency over the past 7 years. The blast upwards to 76 on the index has some people proclaiming (and I'm not...

Sidney Crosby Defeated by the Almighty Canadian Dollar

When you think about influential figures in Canadian sports and the world of hockey, who comes to mind? Gary Bettman? Brendan Shanahan? Sean Avery? Chris Chelios? Sidney Crosby? While all five of those men have had quite an impact on our favorite sport, it seems that none of them is considered the most powerful force in...

Canadian Dollar News From AOL

THE HUFFINGTON POST

Is Canada Suffering From 'Dutch Disease'?

To those unfamiliar with the economic concept, all the recent talk among Canada's political class about "Dutch disease" may have left you wondering what nasty ailment had befallen the poor people of the Netherlands.

THE HUFFINGTON POST

Canadian Dollar Drops Below Parity As Turmoil Shakes Global Economy

The Canadian dollar was below parity with the U.S. currency Wednesday morning as turmoil in Greece persuaded traders to avoid riskier assets like the loonie and opt for the perceived safety of U.S. Treasuries.

Canadian Dollar News From the Web

05/27/12 Most global currencies have fallen against doll... Source: The Economic Times - India The rupee has been the worst performing currency in Asia during the last 12 months, having fallen most against the US greenback.
05/27/12 John Waggoner: You can speculate on euro, but is it... Source: Asbury Park Press - Neptune NJ Already, the euro has sagged to about $1.25 as of this past Friday, down from $1.60 in April 2008.
05/26/12 Dollar Notches a Four Day Rally, Looking Ahead to Risk... Source: ForexTV.com Though we couldn't give the dollar top marks in its performance against all its counterparts to end this past week, the safe haven currency carried enough strength to outperform its fundamental obligations.
05/26/12 Babus, coalition stalling decisions: Chief economist... Source: The Times of India A month after he was forced to backtrack on his comment about gridlock slowing down economic reforms, the government's chief economist, Kaushik Basu, acknowledged on Friday that coalition compulsions and an excessively cautious bureaucracy have snagged decision making.
05/25/12 The Canadian Dollar Is The New Australian Dollar Source: The Wall Street Journal - World Markets NEW YORKâThere's a new top dog in the world's major currencies: the Canadian dollar.