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The Canadian dollar has posted gains on Monday session, continuing the upward trend which marked the Friday. USD/CAD is trading at 1.2860. The Canadian dollar posted strong gains on Friday, which was somewhat surprising as Canadian markets were closed for Canada Day. US markets are closed on Monday for Independence Day, so there are no scheduled US events. Canada will publish Manufacturing PMI and the BoC Business Outlook Survey. With the financial markets understandably focused on the stunning Brexit vote, the Federal Reserve’s monetary policy has shifted to the back-burner. That could change later this week, with the release of...

Quebec's Liberal government has announced a $620 million aid package for the province's bruised manufacturing sector. The measures, to be rolled out over the next five years, will help Quebec companies and businesses adjust to the Canadian dollar's unprecedented gains. Some $256 million of the money announced Friday in Montreal is new funding. The rest was previously included in Quebec's May 2007 budget. Premier Jean Charest said the measures will help companies adapt to the rapid rise in the Canadian dollar. "That the dollar rises so quickly is brutal for the Quebec economy," he said. The upside has been lower...

A strong currency reflects booming commodity exports and sound public finances. But not everyone is cheering. IT HARDLY came as a surprise when, on September 21st, the Canadian dollar crossed a symbolic threshold and overtook its American counterpart in value for the first time since 1976. Since January 2002, when Canadians needed C$1.61 to buy a greenback, the loonie (so nicknamed after the aquatic bird depicted on the dollar coin) has been pushed up by world demand for Canada's commodities. Yet even hard-bitten currency traders cheered out loud as the loonie inched towards parity, and then beyond. David Watt, a...

The Plan to Disappear Canada 'Deep integration' comes out of the shadows. By Murray Dobbin, Vancouver If the machinations going on in this country regarding so-called "deep integration" were instead a communist conspiracy to take over the country (you will, of course, have to try hard to imagine this) the news media would be blaring the story. Pundits would pontificate, editorialists would erupt, security forces would be unleashed. Instead, a virtual conspiracy to make the country disappear through assimilation into the U.S. gets barely a mention.But news of the scheme -- formally called the Security and Prosperity Partnership of North...

TOKYO, May 1 (Reuters) - The dollar struck a seven-month low against the yen and a one-year low against the euro on Monday, extending a slide as the Federal Reserve appears set to soon end a two-year run of credit tightening. A renewed focus on U.S. deficits after last month's meeting of Group of Seven industrialised powers, worries about Iran's nuclear ambitions and deteriorating technical signals have pummeled the dollar across the board. The yen gained across the board on solid buying by foreign hedge funds and investment banks, while some Japanese players squared positions heading into the country's Golden...