Canadian Dollar Aiding Online Retailers
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The recent strength of the Canadian dollar has given a boost to online retailers who allow Canadians to bargain hunt in the U.S. without leaving home.
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Fueled by Web searches for iPods, Elmos, gift cards and video game consoles, online retailers are expecting sales to increase by about 20 percent this year.
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Canadian bonds rose and the dollar dropped after the government said so-called core inflation unexpectedly fell in August. The figures suggested policy makers may lift their key interest rate less than predicted this year.
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Another indication of lacklustre job creation in the United States is likely to keep stock markets static this week, but the Canadian dollar could get a boost if the Bank of Canada decides to hike interest rates tomorrow.
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CHICAGO (CBS.MW) - The US dollar&#39;s biggest gain came against its Canadian counterpart on Friday, as Canadian inflation data raised doubts about the scope of interest-rate hikes there.
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E-tailers have laggards and penny-pinchers to thank for last week&#39;s brisk sales, which grew 25 percent over the comparable period last year, according to comScore.
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AFP/File - Canada's finance minister called on wholesalers and retailers on Tuesday to lower their prices to make them reflect the new strength of the Canadian dollar, which is now stronger than the US greenback.
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Canada&#39;s dollar gained for the fifth week in six, reaching the highest since January 1992, on speculation the central bank will lift its interest-rate target next month.
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Sellers uhappy with higher fees are looking to Overstock.com as an alternative.
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By Andria Cheng  U.S. retailers like Wal-Mart Stores and Federated Department Stores are pushing Internet sales this holiday season with Web site overhauls and increased investment - and for good reason.
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The decline of the dollar over the past few weeks may cast a worrying shadow over the U.S. economy, but it could boost results for some corporations.
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As the weak dollar makes shopping sprees in America a bargain for international visitors, individual cities and states are stepping up their global promotional efforts.
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Dollar closes at highest since 1992. Canadian trade vulnerable as US currency keeps caving in under huge trade deficits. The Canadian dollar closed above 85 cents US for the first time since early 1992, as
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Canada&#39;s dollar will stay around 80 US cents with George W. Bush back in the White House, analysts said on Wednesday, because he is likely to favor a weaker greenback
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OTTAWA (CP) - With the holiday buying season in full swing, Statistics Canada reports that we spent a bundle last year on new electronic devices.
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Internet and mail-order sellers offer a misleading benefit.
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New Yorkâs chic shopping districts seem to be teeming these days with foreign tourists taking advantage of the weak dollar. Foreign retailers are now joining them.