Insights

Dec 13, 2017
Unchanged CAD-USD Rates, Steady Market

The Canadian Dollar is basically unchanged even with oil rates down slightly. Markets are focused on the FOMC announcement at 11:00 am our time. Analysts fully expect a rate hike of 0.25%, but they will be perusing the FED’s comments as to where the U.S economy is going. There are expectations of two further rate […]

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By MoneyWay
Dec 12, 2017
Oil Prices Drop, Canadian Dollar Weaker

Oil prices that had reached recent highs, started to fall as fears subsided that a hairline crack in one of the world’s most important oil pipelines would choke supplies. Oil Prices, one of Canada’s major exports, rose following a shutdown of the UK’s biggest North Sea oil pipeline. The Forties Pipeline System that funnels North […]

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By MoneyWay
Dec 11, 2017
Interest Hikes Forecast Across all Advanced Economies

The U.S. Federal Reserve is fully expected to start hiking interest rates this Wednesday, with further incite as to how many that will take place in 2018. Wall Street economists are telling investors to brace for the biggest tightening of monetary policy and interest hikes across all developed economies in more than a decade. With […]

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By MoneyWay
Dec 8, 2017
Strong U.S. Data, Strong USD and an Active Market

This morning’s strong US data, completes the picture for a rate hike next week by the Federal Reserve. Nonfarm payrolls rose a stronger-than-expected 228,000 in November led by outsized gains for manufacturing at 31,000, construction at 24,000, and professional services at 46,000. The Canadian dollar is basically holding its own, oil prices are up, +1.39%, […]

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By MoneyWay
Dec 7, 2017
CAD exchange rate weaker on U.S. optimism

The USD exchange rate reached a recent high against most currencies, as investors and traders became more optimistic that Washington will be able to enact its tax reform program. Global equities moved higher as well, while markets are now looking to tomorrow’s U.S. job growth numbers. Expectations of north of 200,000 new jobs, will be […]

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By MoneyWay
Dec 6, 2017
No Rate Change By Bank of Canada, CAD is Weaker

As expected, the Bank of Canada held its policy interest rate steady at 1.0 percent following back-to-back rate increases in July and September. The Bank took a markedly more cautious tone in October and since then has shown no sign of changing tack. The Bank Rate is correspondingly 1.25 percent and the deposit rate is […]

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By MoneyWay

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