Cross Country Checkup

Are you worried about the plunging loonie?

One bank is calling the joint plunge of the price of oil and the loonie a double jeopardy. Is this affecting you? Are you worried about the falling Canadian dollar? With guest host Suhana Meharchand.
A lower loonie means that Americans can get more for their money when visiting Windsor and other parts of Canada. (Jonathan Hayward/Canadian Press)
Listen to the full episode1:52:58

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.

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.

But we have seen similar circumstances before. From the mid-1990's up until 2003, the loonie hovered around 70 cents USD for about a decade. In fact, back in January of 2002 our dollar fell to its all-time low hitting 61.79 cents US. 
Checkup guest host, Suhana Meharchand. (for The Canadian Broadcasting Co)

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

National Post

The Globe and Mail

Financial Post

Toronto Star

Calgary Herald


Maclean's

Yahoo

CTV

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