loonie rises above 72 cents

This is a U.S. news story, published by financialpost, that relates primarily to Robson news.

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weaker Canadian dollar

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Canadian dollar

financialpost

•

Business

Business & Economics

The Canadian dollar is on the rise and that might not be a good thing

Summary

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74% Informative

The loonie broke through 72 cents U.S. late last week and continued to hold in trading on Monday , rising to a level last seen in November 2024 .

The Canadian dollar’s current value is something of a change for the not-so-long-ago beleaguered currency.

The strengthening of the Canadian dollar has consequences.

80 per cent of Canada ’s merchandise exports were sent to the U.S. in February .

China came a distant second , accounting for 3.8 per cent , while Japan was fourth at 1.7 per cent and Germany , France and Spain combined took in 1.5 per cent .

“Trade diversification is part of the answer for us,” Robson said.

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semi-formal

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English

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not offensive

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