Despite all the ups and downs in the markets, currency experts expect the loonie to keep losing value as the country’s economy struggles and oil prices plunge. The U.S. dollar is one of the few currencies gaining in strength as the coronavirus spreads around the globe.The Canadian dollar is already at a four-year low and its…

It is customary for the Bank to provide a summary of the deliberations of Governing Council after each interest rate decision. This takes the form of an opening statement at the meetings when we publish an MPR, or a public speech the day after meetings for which there is no MPR. Governing Council’s decision to…

Canada’s largest movie exhibitor Cineplex Inc. says it’s closing all of its 165 theatres nationwide until at least April 2 in response to the COVID-19 outbreak. The chain also plans to temporarily shutter entertainment complexes the Rec Room and Playdium effective tonight. Winnipeg’s only Rec Room location just held its grand opening last month. Chief executive officer…

Statistics Canada says manufacturing sales fell 0.2 per cent to $56.1 billion in January. The agency says it was the fifth consecutive monthly decline. Economists had expected a drop of 0.5 per cent for January, according to financial markets data firm Refinitiv. Statistics Canada says sales were down in nine of 21 industries, led by…

Volkswagen said Tuesday it would close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak and said it wasn’t possible to give a reliable outlook for this year’s profits. The company said, however, that its China business, a pillar of the…

A day after one of their worst days in history, North American stock markets bounced back a little on Tuesday as bargain hunters did a little cautious buying on the Toronto Stock Exchange and the New York Stock Exchange. The TSX and Dow Jones Industrial Average each eked out small gains. Both jumped out to increases of…