The Canadian dollar is a bit better to the USD as House Democrats and the Trump administration have reached an agreement to move forward with the White House’s replacement for the North American Free Trade Agreement, top Democrats said Tuesday. The two sides had worked for more than a year to resolve Democratic concerns about […]
Learn MoreThe only news this morning along the lines of the USDCAD is that the House Democrats and the Trump administration have drawn close to a deal on replacing the North American Free Trade Agreement after months of deliberations, according to reports. There is a deal on provisions in the United States-Mexico-Canada Agreement after discussions about […]
Learn MoreCanada’s trade deficit unexpectedly narrowed as exports rose faster than imports, reinforcing the Bank of Canada’s view that the domestic economy remains resilient amid global tensions. The nation posted a $1.1 billion trade gap in October, from a revised $1.2 billion in September, Statistics Canada said Thursday in Ottawa. The result beat economist expectations for a […]
Learn MoreThe Bank of Canada said there’s evidence the global economy is stabilizing, while the domestic economy remains resilient, in an interest rate decision Wednesday that gave little indication policy makers are in a rush to lower borrowing costs.The Ottawa-based central bank held its policy rate at 1.75 per cent for a ninth consecutive meeting, retaining language […]
Learn MoreU.S. equities sank on Tuesday after President Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Markets hit the lows of their day after Fox News reported that the White House still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods notwithstanding recent […]
Learn MoreOPEC is meeting this week in Vienna and oil prices seem to have bottomed out at the moment, OPEC’s output has curtailed, allowing producers some pickup in revenues. OPEC believes that the shale production in the USA will diminish next year due to over production this year and that it be able to raise prices […]
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