Heading down to Buffalo for some Black Friday deals this weekend? Your loonies won’t go nearly as far as they did this time last year. Or, for that matter, even a few months ago.
Labour experts expect either back-to-work legislation or binding arbitration to be invoked soon to end the walkout by 55,000 workers nears its third week.
Wednesday afternoon when the U.S. Federal reserve announced it would likely only be cutting rates twice next year, the Canadian dollar took another big hit.
In 2023, Canadian exports to the U.S. totalled $594.5B (C). In top spot at $130.3B? Crude oil. Canada also exported roughly $7.5 billion worth of lumber.