Canadian Dollar

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Canadian Dollar

The currency of Canada. The dollar traces its antecedents to the dollar of the Province of Canada, which was issued in 1858, and gradually adopted by the territories of British North America as they formed modern Canada over the course of the next century. The Canadian dollar was pegged to the United States dollar at various values, often at par, until 1950. The currency began to float that year, though it briefly reverted to the U.S. dollar peg between 1962 and 1970.
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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 or US$4.585.

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