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Weak loonie signals economy is 'in trouble'
Even as Canada gained an 11th-hour reprieve from U.S. plans to impose punishing tariffs on its goods, the loonie had earlier Monday dipped to its lowest levels in more than 20 years as the threat of a trade war weighed on the currency. The Bank of Canada’s end-of-day exchange rate Monday had the loonie trading at 68.48 cents US, but the Canadian dollar neared 70 cents in the minutes after Prime Minister Justin Trudeau said the planned tariffs would be paused for at least 30 days. The overall trend for the Canadian dollar however has been weak, which has implications for the economy. “Canadians could be impacted ... (full story)