Operating expenses for the second quarter increased by 18 per cent to C$1,834 million, mainly due to higher fuel costs, increased purchased services and material costs, and higher labor and fringe benefits expense resulting from increased volumes, as well as increased casualty and other expense, and the negative translation impact of a weaker Canadian dollar
Cachon said he expects the Canadian dollar
to stay well below parity as long as oil prices remain low.
In conclusion, the benefits of the lower exchange rate for the Canadian dollar
are likely to be outweighed by the costs.
"We wanted to ensure that the pricing continued to be appropriate given the rising Canadian dollar
." Booksellers are discounting books rather haphazardly, ether by posting stickers directly on the books, or making customers aware of the reduction at the till.
If the Canadian dollar
continues to gain value, Canadian firms will find it difficult again to compete, and labor costs may deter U.S.
KHC said it had made a profit of 17 million Canadian dollars
from the sale of the hotel, which it bought four years ago for 200 million Canadian dollars
January saw a deficit of 628 million Canadian dollars
(476 million U.S.
Central banks around the world are demanding Canadian dollars
to replenish their reserves.
The world's biggest gold producer Barrick Gold declined 1.01 percent to 12.69 Canadian dollars
while another gold giant Eldorado Gold Corp.
Royal Bank of Canada gained 1.04 percent to 60.50 Canadian dollars
and Bank of Montreal, one of the country's biggest five banks, went up 0.54 percent to 61.19 Canadian dollars
China is planning to launch onshore trading of the Australian dollar and Canadian dollar
against the yuan, Dow Jones has reported, citing unidentified trading sources.
by July 23 at Toronto Stock Exchange made 4.76 Canadian dollars