News Releases
- Loonie falls below parity for the first time since January
- Canadian and U.S. currency, business and market experts provide their outlook and advice
TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - The Canadian dollar has fallen below parity with the U.S. dollar, after a steady rise since March 2009. The loonie has lost more than 4 cents in the past few days. The U.S. dollar has gained ground against all major currencies following a move by the U.S. Federal Reserve to boost the economy. That leaves the Canadian dollar below parity against the U.S. greenback for the first time since January of this year.
The dollar fluctuation has implications for Canadian companies – particularly manufacturers that export and import, investors buying currencies, and foreign equities.
| Canadian and U.S. based experts will discuss the following: | ||
| • | Where does the dollar go from here? | |
| • | What's the best way for investors to play the currency fluctuation? | |
| • | How can Canadian companies protect against currency swings? | |
| • | Is the drop enough relief for Canadian exporters? | |
| What: | BMO Currencies Panel | |
| Who: | Andrew Busch - Global Currency and Public Policy Strategist, BMO Capital Markets | |
| Paul Taylor – Chief Investment Officer, BMO Harris Private Banking | ||
| Michael Klopchic – Vice President, Corporate Finance, BMO Financial Group | ||
| Victor Pellegrino – Vice President, Commercial, BMO Financial Group | ||
| When: Friday, September 23, 2011, 11 AM (ET) | ||
| Media Dial In: (416) 695-7806 / (888) 789-9572, Passcode: 2283230 | ||
Amanda Robinson, Toronto
(416) 867-3996
amanda.robinson@bmo.com
Sarah Bensadoun, Montreal
(514) 877-8224
sarah.bensadoun@bmo.com
Jim Kappel, Chicago
(312) 461-2478
jim.kappel@harrisbank.com