The Canadian dollar edged higher against its U.S. counterpart on Friday as the central bank of top commodity consumer China moved to calm markets, while Canada's 10-year yield climbed to a five-week high. Copper prices rose after the People's Bank of China infused liquidity to ease nerves caused by property giant China Evergrande Group's debt woes. Canada is a major exporter of commodities, including copper and oil.
TD Bank stock, CN Railway stock, and Alimentation Couche-Tard stock are ideal stock picks to consider as the Canadian dollar continues to decline against the U.S. dollar. The post 3 Stocks to Buy Now Since the Canadian Dollar Crashed appeared first on The Motley Fool Canada.
If the Canadian dollar slides then stocks like the Canadian National Railway (TSX:CNR)(NYSE:CNI) will look like huge bargains. The post 3 Top Stocks for a Weaker Canadian Dollar appeared first on The Motley Fool Canada.