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Gloomy Loonie Canadian dollar forecast

American Quarter thanks to Wayne Nowazek

Loonie's longest losing streak portends more losses

Gloomy Canadian dollar forecast - Loonie drops below 69 cents US

The Canadian dollar is on its longest losing streak since at least the 1970s as speculation mounts that the central bank will cut interest rates back to the record low only seen amid the 2009 financial crisis.

The currency has fallen for 11 straight days against the U.S. dollar, the longest run of daily losses since the country ended its currency's peg to the greenback in 1971 and let it trade freely. The streak surpassed a nine-day run in April 2005, and Friday touched an almost 13-year low.

Canada's dollar (loonie) - which hasn't been below 69 cents since April 2003 - was also down Friday against the euro, British pound and Japanese yen.
QuotaBills
Love is the only gold. - Lord Alfred Tennyson

Money often costs too much. - Ralph Waldo Emerson

Money: the poor man's credit card. - Marshal McLuhan

A fool and his money are soon partying. - Steven Wright

Yacht: a floating box you throw money into. - Unknown

Education costs money. But then so does ignorance. - Claus Moser

Fidelity bought with money can be overcome by money. - Seneca

Being rich is having money, being wealthy is having time. - Stephen Swid

It's morally wrong to allow a sucker to keep his money. - WC Fields

Those have a short Lent who owe money to be paid at Easter. - Benjamin Franklin

Capitalism is using its money; we socialists throw it away. - Fidel Castro

What's the use of happiness? It can't buy you money. - Henny Youngman

A wise man should have money in his head, but not in his heart. - Jonathan Swift

We have the best government in the world... that money can buy. - Mark Twain

Money is like manure. You have to spread it around or it smells. - J Paul Getty

I spent all my money on a FAX machine. Now I can only FAX collect. - Steven Wright

Business? It's quite simple. It's other people's money. - Alexandre Dumas

One dollar for eternal happiness? I'd be happier with the dollar. - Charles Montgomery Burns

How much money does it take to make a man happy? Just one more dollar. - John D. Rockefeller

Never criticize Americans. They have the best taste that money can buy. - Miles Kington

I am fiercely loyal to those willing to put their money where my mouth is. - Paul Harvey

Money can't buy happiness, but it helps you look for it in more places. - Milton Berle

There's so little money in my bank account, my scenic checks show a ghetto. - Phyllis Diller

Conventions are like coins, an easy way of dealing with the commerce of relations. - Freya Stark

If you want to know what God thinks of money, just look at the people he gave it to. - Dorothy Parker

The first rule is not to lose money. The second rule is not to forget the first rule. - Warren Buffet

A bank is a place that will lend you money if you can prove that you don't need it. - Bob Hope

Half the money I spend on advertising is wasted; the trouble is, I don't know which half. - John Wannamaker

The chief value of money lies in the fact that one lives in a world in which it is overestimated. - H L Mencken

I'm proud to be paying taxes. The only thing is, I could be just as proud for half the money. - Arthur Godfrey

The man who leaves money to charity in his will is only giving away what no longer belongs to him. - Voltaire

We shouldn't spend money on things we don't need when others don't have the things they do. - Peter Singer

The whole trend and quality of anyone's life is determined in the long run by the choices that are made. - Norman Vincent Peale

I tell ya, my wife and I, we don't think alike. She donates money to the homeless, and I donate money to the topless. - Rodney Dangerfield

What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. - Bob Dylan

How you spend your time is more important than how you spend your money. Money mistakes can be corrected, but time is gone forever. - David B. Norris

I had very good dentures once. Some magnificent gold work. It's the only form of jewelry a man can wear that women fully appreciate. - Graham Greene

Beauty isn't worth thinking about; what's important is your mind. You don't want a fifty-dollar haircut on a fifty-cent head. - Garrison Keillor

The politicians in Washington are spending trillions of dollars of our money. When are Americans going to stand up and say enough is enough? - Joe Wurzelbacher

Money is like gasoline during a road trip. You don't want to run out of gas on your trip, but you're not doing a tour of gas stations. - Tim O'Reilly


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