in

The loonie is at a nearly 2-year low. What does that mean for inflation?

Australian PM concedes election defeat as conservatives ousted after 9-year rule

As Canada’s loonie falters against the surging U.S. dollar, experts say the effect could worsen inflation on some goods imported from south of the border.

70c8fc80 The loonie is at a nearly 2-year low. What does that mean for inflation?

The Canadian dollar is sitting at 75 cents compared to the U.S.-dollar benchmark as of Tuesday, a nearly two-year low for the loonie.

Economists say there could be a few reasons for the Canadian dollar’s weakness.

Read more:

Inflation slowed on lower gas prices in August, but cost of food still surging


Posted by Editor

Leave a Reply

The 26 Most-Loved Amazon Beauty Products With Thousands of 5-Star Reviews: Makeup, Skincare, and More - E! Online

The 26 Most-Loved Amazon Beauty Products With Thousands of 5-Star Reviews: Makeup, Skincare, and More – E! Online

JD Sports Annual Profit More Than Doubles

JD Sports to Pay Former CEO Cowgill £5.5 Million After Exit