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Canadian dollar stems overnight losses as reality of Trump presidency sinks in
Global News (Canada) ^ | 11/9/2016

Posted on 11/09/2016 6:14:54 AM PST by tekrat

Canada’s dollar took a wild ride in overnight trading in the midst of Donald Trump‘s U.S. presidential victory, shedding nearly 1.3 cents before stemming some of its losses.

The loonie tanked on global markets, falling as low as 73.89 cents US on Wednesday at around 12 a.m. ET, down 1.27 cents from its close Tuesday.

It later regained some ground, trading at 74.38 cents US, not far off the levels it’s been at in the waning weeks of the U.S. presidential election campaign.

(Excerpt) Read more at globalnews.ca ...


TOPICS: Canada; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: dollar; election; loonie

1 posted on 11/09/2016 6:14:54 AM PST by tekrat
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To: tekrat

Bullshit. A loss against what? There is no absolute standard by which to measure a currency. You can only measure a currency against another currency, or against an average of several currencies, which you choose specifically for the occasion.
If the Canadian dollar fell in relation to the US dollar, it means the US dollar rose in relation to the Canadian dollar.


2 posted on 11/09/2016 6:26:41 AM PST by I want the USA back (The media is acting full-on as the Democratic Party's press agency now: Robert Spencer)
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To: I want the USA back

great deals


3 posted on 11/09/2016 6:27:45 AM PST by ak267
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