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The median forecast of 36 foreign exchange analysts in the Dec. 2-4 poll predicted the loonie would edge 0.3% higher to 1.4034 per U.S. dollar, or 71.26 U.S. cents, in three months, compared to ...
Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [ 33 ]
Cooper is best known for her often repeated prediction in the late 1990s that the devaluation of the Canadian dollar was an inexorable long-term trend, and that a Canada-U.S. currency union (which she describes as "dollarization") should be attempted immediately because the conversion rate would only be worse in future.
From the point of view of the Canadian and Mexican governments, a major obstacle to the creation of a unified currency is the sheer dominance of the United States in any such union. A paper from University of California, Santa Barbara puts forward the idea that the United States simply has too many advantages from the status quo to move toward ...
The Canadian dollar tumbled to a near five-year low against its U.S. counterpart on Wednesday as hawkish guidance from the Federal Reserve boosted the greenback and investors sought protection ...
The Canadian dollar touched a 4-1/2-year low against its U.S. counterpart on Monday before recouping its losses and Canadian bond yields rose, as investors weighed the fiscal implications of the ...
The Canadian dollar traded at a record high of US$2.78 in terms of American greenbacks on July 11, 1864, since the latter was inconvertible paper currency. [38] However, the Canadian dollar remained close to par or 1:1 versus the gold or silver US dollar of the time.