Remarkably, the loonie is weaker today than the risk-off pandemic lows of March 2020, when the stock market plunged 37% in three weeks and oil prices went negative. Yet, so far, the stock market ...
That has made buying stocks in gold miners a jackpot trade as the so-called loonie is expected to fall further. If the Bank of Canada cuts interest rates by 25 basis points on Wednesday ...
said Toronto-listed gold miners like Agnico Eagle Mines Ltd. and Alamos Gold Inc. have the benefit of paying their costs in Canada’s currency and selling their production in U.S. dollars. A weaker ...
TORONTO — The loonie fell below 70 cents US in late-morning ... was down eight cents at US$3.14 per mmBTU. The February gold contract was down US$16 at US$2,654 an ounce and the March copper ...