Are you worried about the plunging loonie?
Double jeopardy: that's what one bank is calling the joint plunge of the price of oil ...and the loonie. Is this affecting you? Are you worried about the falling Canadian dollar? With guest host, Suhana Meharchand.
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GUEST | SOCIAL MEDIA ENGAGEMENTS | LINKS & ARTICLES | DOWNLOAD THE MP3
Over the past week, oil prices plunged to $29.70 per barrel, the loonie closed at 68.79 cents USD, and all the while Canadians across the country are complaining of high prices for food, air fare, and foreign vacations.
The numbers can be dizzying, but when it comes to $4 cucumbers and $7 cauliflower at the supermarket (not even organic), you really can't ignore it. On this program, we wanted to find out how the low dollar is affecting Canadians personally.
From small businesses to snowbirds, and students to pensioners, everyone is feeling the pinch. We asked: What price increase affected you the most? Are you cutting back on what you're buying? Or...are you coasting on pretty much as usual? What about if you have a business exporting goods to the US? Are you benefiting from the favourable exchange rate?
Our question: "Are you worried about the falling Canadian dollar?"
GUESTS
David Doyle
North American Macro strategist at Macquarie Capital Markets
Jackie Forrest
Vice President of Energy Research at ARC Financial Corp
Janet Ecker
President & CEO. of Toronto Financial Services Alliance
Benjamin Tal
Deputy Chief Economist of CIBC World Markets Inc
LINKS AND ARTICLES
CBC.ca
- Macquarie forecasts 59-cent loonie in 2016
- Canadian loonie: what the world looked like on past lows
- Business booming for Manitoba food truck builder thanks to low loonie
- ANALYSIS:How low can the loonie go? A look at how to decide: Don Pittis
National Post
The Globe and Mail
- The 'double jeopardy' of the oil-loonie shock
- Loonie drops below 70 cents (U.S.) for first time in 13 years
- Economy will weather the oil rout, banks CEOs say
- Canada forgot to plan for its future by leaning on oil and the loonie
- How the Canadian dollar would crumble if the oil shock gets even worse
- Death of the Canadian dollar: The five stages of grief
- How to minimize the damage of the loonie's fall
Financial Post
- Here are Canada's winners and losers as the loonie nosedives below 70 cents
- Jack Mintz: Living with a low dollar (Part 1)
- Jack Mintz: Living with a low dollar (Part 2)
Toronto Star
- Loonie closes just above 70 cents after bobbing below earlier Tuesday
- As loonie tanks, expect to pay more for fruits and veggies
- Falling loonie bad news for Canadian sports fans
Calgary Herald
Maclean's
- As the loonie dips, Bill Morneau talks up long-term growth
- Stephen Poloz explains what Justin Trudeau is up against
- Life at $20 a barrel: What the oil crash means for Canada
Yahoo
- Sub-70 cent loonie setting off alarms in Canadian pro sports boardrooms
- Falling loonie bad news for Canadian sports fans