The Bank of Canada is expected to adjust its current monetary policy “to reflect the growing risk of a global economic slowdown” (Governor, David Dodge). Looks like we might not see an interest rate cut after all.
“It’s quite clear that global financial turbulence that we were experiencing then is now going to be more […]
“Canada’s trade surplus shrinks”, “Bankruptcies increase as loonie gains”, and “Soaring loonie; plunging outlook”. It’s amazing how the headlines change in two days. And oh yeah, I almost forgot Friday’s report on “looming factory job losses”. The culprit? Of course… the rising Canadian dollar. Well, I’ll get to my opinion after I tell you the […]
While we usually write about big business and the economy here, I want to diverge a bit and talk about a little different topic today - the booming growth of online music downloading.
It is actually getting to be big business lately. The giants of online retailing like Amazon, Yahoo, Apple are already involved. […]
Is the high (and rising) Canadian dollar taking devaluing your U.S. stocks? Yes it is… So how do you invest with the high Canadian dollar? Well first - don’t yank all your investments back home. Your portfolio could use the bulk purchases of cheap American equities and greenbacks right now.
Think about it - the Canadian […]
For those of you non-Canadians who do not yet know what the “loonie” is… its the world’s best-performing major currency this year - the Canadian dollar. It rose as high as $1.0717 (U.S.) Friday from Thursday’s close of $1.0512. It settled Friday’s session at $1.0704, up 1.92 cents.
The currency has soared 25-percent this year against […]