Tue, 01 Apr 2014 08:46:04 GMT
Loonie retreat positive for companies
A declining Canada's Dollar is a positive event for majority of nation's companies, increasing the profits made in U.S. Dollar compared to costs in the local currency. The Loonie will weaken to C$1.14 against its U.S. counterpart, the lowest level in more than four years, by the end of this year, according to Bloomberg. Canada's Dollar appreciated 0.3% to C$1.1024