canadian dollar News

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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

Canada Stock Prices: TSX Tanks On RIM, Europe Fears

The Toronto stock market tumbled Wednesday amid growing worries about Spain's banking sector and the future of tech giant Research in Motion Ltd. The BlackBerry maker's shares were well off the worst levels of the session but still down 64 cents to $10.84 after going as low as $10.30. RIM announced after the close...

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

06/02/12 Alberta's budget backs Mulcair: NDP Source: Calgary Herald - Alberta - Canada The federal New Democratic Party is citing information in Alberta's 2012 budget to support leader Thomas Mulcair's argument that a high dollar caused by booming natural resource exports is hurting Canadian manufacturers.
06/02/12 GM to close line at Oshawa plant Source: Detroit Free Press - Detroit MI General Motors' decision to close an assembly line at its Oshawa Assembly Plant spotlights the pressure the Canadian Auto Workers faces as the value of the U.S. dollar has declined and the UAW has accepted concessions that have led to lower labor costs in the U.S. On Friday, GM told the CAW it plans to shut down one of its Oshawa assembly lines next year as it moves production of the next-generation Impala to its Detroit-Hamtramck Assembly Plant and some production of the Chevrolet Equinox to Spring Hill, Tenn. The decision means that three shifts of workers, or about 2,000 employees, will lose their jobs at the Ontario complex that once employed 23,000 in the early 1980s.
06/02/12 Canada Dollar Drops for Fifth Week as Jobs Data Adds... Source: Bloomberg.com Canada 's dollar dropped for a fifth consecutive week in the longest losing streak in a year as speculation a slowing recovery for the nation's biggest trade partner and Europe 's worsening debt crisis curtailed demand.
06/02/12 Dollar: Talk of Crisis Competing with Rumor of... Source: ForexTV.com Euro Crisis May Have Become Infectious, Will the EU and ECB Act?
06/01/12 And This Week a Turn for the Worse Source: SafeHaven Swiss two-year yields ended the week at negative 48 bps.