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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TORONTO (CP) - With the economy in good shape, interest rates low and about 200,000 new jobs created this year, Canadians have increased their holiday shopping budgets and should be ringing up good cheer for long-suffering retailers this month.
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Time for an upgrade, boys Online retailing can be a rough sport. The competition is rabid, customer loyalty is fickle, and IT expenses can go through the roof.â¦
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Ready to shop today? Here are some Internet stock bargains.
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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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On the cross rates it was at 60.1 euro cents, 81.29 Japanese yen, 42.17 pence sterling, and 1.105 New Zealand dollars. On Wall Street stocks have jumped on news of a merger between retailers Kmart and Sears
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TORONTO (CP) - The Canadian dollar was down nearly nine-10ths of a cent against the US dollar Wednesday afternoon after the price of oil fell and an economic report showed strong US growth in the third quarter.
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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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The dollar is dipping again. After falling against major currencies such as the euro, yen, and Canadian dollar in 2002 and 2003, the greenback stabilized this year.
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The declining value of the U.S. dollar should allow PC vendors to offer bargains to people living in the euro zone, while U.S. consumers probably won&#39;t feel much of a pinch, according to a leading economist.
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Canadian professional sports teams are cheering the Canadian dollar's rapid rise to parity with the greenback, as it should help boost their bottom lines and keep star players on their rosters.
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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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A roaring jobs market in Canada and disappointing jobs data from the United States helped the Canadian dollar crack 80 cents US in trading yesterday for the first time in more than a decade.
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Caveats to keep in mind while holiday shopping online.
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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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OTTAWA (CP) - Although oil prices, the loonie and interest rates are all headed higher, Canadian consumers are keeping their chins up, says the Bank of Canada.
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Would-be borrowers in the U.S. and Canada are being bilked out of thousands of dollars by unscrupulous online lenders.